Crown Holdings Inc (CCK)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 15,034,000 | 14,301,000 | 13,858,000 | 16,691,000 | 12,718,000 |
| Total stockholders’ equity | US$ in thousands | 2,410,000 | 1,849,000 | 1,912,000 | 2,198,000 | 1,713,000 |
| Financial leverage ratio | 6.24 | 7.73 | 7.25 | 7.59 | 7.42 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $15,034,000K ÷ $2,410,000K
= 6.24
The financial leverage ratio for Crown Holdings, Inc. has shown a decreasing trend over the past five years, indicating an improvement in the company's ability to meet its financial obligations using debt. The ratio decreased from 9.05 in 2019 to 6.24 in 2023. This suggests that the company is relying less on debt to finance its operations and investments, which can be viewed positively by investors and creditors. Overall, the decreasing trend in the financial leverage ratio reflects improved financial health and reduced risk associated with high levels of debt for Crown Holdings, Inc.
Peer comparison
Dec 31, 2023