Crown Holdings Inc (CCK)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,410,000 | 2,341,000 | 2,235,000 | 2,030,000 | 1,849,000 | 1,666,000 | 1,739,000 | 1,820,000 | 1,912,000 | 2,444,000 | 2,262,000 | 2,377,000 | 2,198,000 | 1,909,000 | 1,815,000 | 1,664,000 | 1,713,000 | 1,619,000 | 1,294,000 | 1,134,000 |
| Debt-to-capital ratio | 0.74 | 0.73 | 0.76 | 0.78 | 0.79 | 0.80 | 0.76 | 0.76 | 0.76 | 0.71 | 0.78 | 0.77 | 0.78 | 0.81 | 0.82 | 0.84 | 0.82 | 0.83 | 0.87 | 0.89 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $6,699,000K ÷ ($6,699,000K + $2,410,000K)
= 0.74
The debt-to-capital ratio of Crown Holdings, Inc. has been relatively stable over the past eight quarters, ranging between 0.75 to 0.81. This ratio indicates the proportion of the company's capital structure funded by debt. A higher ratio suggests a higher level of financial leverage and potential risk, as the company relies more on debt to finance its operations. In this case, Crown Holdings, Inc. has maintained a moderately high debt-to-capital ratio, indicating a significant portion of its capital structure is funded by debt. Investors and creditors may monitor this ratio to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2023