Name: Financial Leverage

Definition: Financial leverage tells you how much borrowed money the company uses to boost its size and profits. Using leverage can help a business grow faster, but it also increases pressure if sales slow down. Moderate leverage is common and often healthy. Excessive leverage can be dangerous, especially during tough economic times.

Interpretation:
• In '2021', ONMDW's financial leverage was -0.15, indicating how much debt is used to finance assets. Industry average for Biotechnology: Commercial Physical & Biological Resarch in '2021' stood at 1.41.
• In '2022', ONMDW's financial leverage was -0.07, indicating how much debt is used to finance assets. The increase compared to '2021' may signal growing financial pressure. Industry average for Biotechnology: Commercial Physical & Biological Resarch in '2022' stood at 1.08. Industry average declined by 0.33 from previous year.
• In '2023', ONMDW's financial leverage was -0.04, indicating how much debt is used to finance assets. The increase compared to '2022' may signal growing financial pressure. Industry average for Biotechnology: Commercial Physical & Biological Resarch in '2023' stood at 1.67. Industry average increased by 0.60 compared to previous year.
• In '2024', ONMDW's financial leverage was -0.14, indicating how much debt is used to finance assets. The decrease since '2023' reflects improving financial health. Industry average for Biotechnology: Commercial Physical & Biological Resarch in '2024' stood at 1.86. Industry average increased by 0.19 compared to previous year.
Overall, ONMDW's financial leverage has been volatile but generally stable over the past 4 years.

Formula: Financial Leverage = Average Total Assets / Average Shareholders' Equity

Good Range: 1 to 3 common; above 3 may indicate high leverage risk.