Crown Holdings Inc (CCK)
Debt-to-equity ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,058,000 | 6,672,000 | 5,949,000 | 6,623,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 2,756,000 | 2,532,000 | 2,507,000 | 2,470,000 | 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 |
| Debt-to-equity ratio | 2.20 | 2.64 | 2.37 | 2.68 | 2.78 | 2.67 | 3.13 | 3.47 | 3.67 | 4.03 | 3.14 | 3.11 | 3.17 | 2.47 | 3.48 | 3.31 | 3.65 | 4.21 | 4.41 | 5.19 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,058,000K ÷ $2,756,000K
= 2.20
Crown Holdings Inc's debt-to-equity ratio has exhibited a downward trend from 5.19 as of March 31, 2020, to 2.20 as of December 31, 2024. This indicates a significant reduction in the company's reliance on debt to finance its operations and growth over the period under consideration. A decreasing debt-to-equity ratio generally suggests improved financial stability and a lower risk of financial distress for the company. It is essential to note that a lower debt-to-equity ratio signifies that a company is financing a smaller portion of its assets through debt compared to equity. This may be seen as a positive indicator by investors and creditors, reflecting a healthier balance sheet and strong financial management by Crown Holdings Inc.
Peer comparison
Dec 31, 2024