Crown Holdings Inc (CCK)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,699,000 | 6,792,000 | 6,052,000 | 8,023,000 | 7,818,000 |
| Total assets | US$ in thousands | 15,034,000 | 14,301,000 | 13,858,000 | 16,691,000 | 12,718,000 |
| Debt-to-assets ratio | 0.45 | 0.47 | 0.44 | 0.48 | 0.61 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,699,000K ÷ $15,034,000K
= 0.45
Crown Holdings, Inc.'s debt-to-assets ratio has exhibited some fluctuation over the past five years. The ratio increased from 0.45 in 2021 to 0.49 in 2022, before dropping to 0.49 in 2023. This indicates that the company's level of debt relative to its total assets has varied slightly. Generally, a debt-to-assets ratio of around 0.5 suggests that Crown Holdings finances roughly half of its assets through debt. The slight variations in the ratio over the years may indicate changes in the company's debt levels or asset composition. It is essential to consider other financial metrics and factors to gain a deeper understanding of Crown Holdings' overall financial health and leverage position.
Peer comparison
Dec 31, 2023