Crown Holdings Inc (CCK)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,058,000 | 6,699,000 | 6,792,000 | 6,052,000 | 8,023,000 |
| Total stockholders’ equity | US$ in thousands | 2,756,000 | 2,410,000 | 1,849,000 | 1,912,000 | 2,198,000 |
| Debt-to-equity ratio | 2.20 | 2.78 | 3.67 | 3.17 | 3.65 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,058,000K ÷ $2,756,000K
= 2.20
The debt-to-equity ratio of Crown Holdings Inc has exhibited fluctuations over the past five years. In December 31, 2020, the ratio stood at 3.65, indicating a higher level of financial leverage with more reliance on debt financing compared to equity. By December 31, 2021, the ratio decreased to 3.17, suggesting a reduction in the company's debt burden relative to shareholder equity. However, there was a slight increase in the ratio to 3.67 by December 31, 2022, indicating a potential increase in debt utilization.
Subsequently, as of December 31, 2023, the debt-to-equity ratio decreased significantly to 2.78, signaling a reduced reliance on debt financing relative to equity. This improvement may indicate a more balanced capital structure. Furthermore, by December 31, 2024, the ratio saw a further decline to 2.20, implying a healthier financial position with a lower debt burden and potentially stronger equity base.
Overall, the trend in Crown Holdings Inc's debt-to-equity ratio demonstrates varying levels of debt utilization and financial leverage over the years, with recent data indicating a favorable shift towards a more sustainable capital structure.
Peer comparison
Dec 31, 2024