Crown Holdings Inc (CCK)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	6,699,000	6,240,000	6,986,000	7,046,000	6,792,000	6,709,000	5,466,000	5,654,000	6,052,000	6,034,000	7,879,000	7,875,000	8,023,000	8,039,000	7,999,000	8,631,000	7,818,000	8,042,000	8,549,000	8,814,000
Total assets	US$ in thousands	15,034,000	14,321,000	14,569,000	14,412,000	14,301,000	14,224,000	14,399,000	14,430,000	13,858,000	16,006,000	16,695,000	16,180,000	16,691,000	15,629,000	15,265,000	15,533,000	12,718,000	15,337,000	15,565,000	15,357,000
Debt-to-assets ratio		0.45	0.44	0.48	0.49	0.47	0.47	0.38	0.39	0.44	0.38	0.47	0.49	0.48	0.51	0.52	0.56	0.61	0.52	0.55	0.57

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 been relatively stable over the past eight quarters, ranging from 0.46 to 0.51. This indicates that, on average, the company finances approximately 48% to 51% of its assets through debt. The slight fluctuations in the ratio suggest a consistent level of leverage in the company's capital structure. Overall, the debt-to-assets ratio of Crown Holdings, Inc. remains within a reasonable range, reflecting a balanced approach to financing its operations with a mix of debt and equity.

Peer comparison

Dec 31, 2023

Company name

Symbol

Debt-to-assets ratio

Crown Holdings Inc

CCK

0.45