Cinemark Holdings Inc (CNK)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 2,476,300 | 2,377,160 | 1,771,340 |
| Total assets | US$ in thousands | 4,655,900 | 4,623,300 | 5,230,600 | 5,562,920 | 5,828,020 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.47 | 0.43 | 0.30 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,655,900K
= 0.00
Cinemark Holdings Inc's debt-to-assets ratio has shown a fluctuating trend over the past five years. The ratio increased from 0.33 in 2019 to 0.50 in 2021, indicating a higher proportion of debt relative to assets during this period. However, in 2022 and 2023, the ratio decreased to 0.46 and 0.51 respectively, suggesting a slight improvement in the company's leverage position.
Overall, the company's debt-to-assets ratio has remained relatively stable within the range of 0.46 to 0.51 in recent years, indicating that Cinemark has been maintaining a moderate level of leverage in financing its operations and investments. It is essential for investors and stakeholders to monitor this ratio to assess the company's risk exposure and financial stability over time.