Cinemark Holdings Inc (CNK)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 2,476,300 | 2,377,160 |
| Total assets | US$ in thousands | 1,127,300 | 4,655,900 | 4,623,300 | 5,230,600 | 5,562,920 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.47 | 0.43 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,127,300K
= 0.00
The debt-to-assets ratio of Cinemark Holdings Inc has shown fluctuations over the past few years. As of December 31, 2020, the ratio stood at 0.43, indicating that 43% of the company's assets were financed by debt. By December 31, 2021, the ratio had increased to 0.47, suggesting a slight increase in the proportion of debt used to finance assets. However, a significant change occurred by December 31, 2022, where the ratio dropped to 0.00, signaling that the company had either reduced its debt levels significantly or had a surplus of assets compared to debt.
Furthermore, the debt-to-assets ratio remained at 0.00 for the subsequent years, December 31, 2023, and December 31, 2024. This could imply that Cinemark Holdings Inc either successfully reduced its debt obligations further or significantly increased its asset base without taking on additional debt during these periods. Overall, the trend in the debt-to-assets ratio reflects varying degrees of leverage and financial risk management by the company over the analyzed period.