Cinemark Holdings Inc (CNK)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | 2,473,500 | 2,474,900 | 2,476,600 | 2,476,300 | 2,477,260 | 2,478,630 | 2,476,680 | 2,377,160 | 2,366,380 | 2,117,290 | 1,869,820 | 1,771,340 | 1,771,660 | 1,771,980 | 1,772,300 |
| Total assets | US$ in thousands | 4,655,900 | 1,583,800 | 1,598,000 | 1,575,100 | 4,623,300 | 4,850,500 | 5,004,000 | 5,024,300 | 5,230,600 | 5,078,570 | 5,212,820 | 5,296,950 | 5,562,920 | 5,802,610 | 5,690,120 | 5,632,890 | 5,828,020 | 5,751,600 | 5,902,250 | 5,790,750 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.51 | 0.49 | 0.49 | 0.47 | 0.49 | 0.48 | 0.47 | 0.43 | 0.41 | 0.37 | 0.33 | 0.30 | 0.31 | 0.30 | 0.31 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,655,900K
= 0.00
The debt-to-assets ratio of Cinemark Holdings Inc has shown some fluctuations over the past eight quarters, ranging from a low of 0.46 in Q4 2022 to a high of 0.55 in Q1 2023. The ratio indicates the proportion of the company's total liabilities in relation to its total assets. Generally, a higher ratio suggests that a larger portion of the company's assets is financed by debt, which can indicate higher financial risk.
In the case of Cinemark Holdings Inc, the ratio has stayed within a relatively narrow range between 0.46 and 0.55, indicating a consistent level of leveraging the assets through debt over the period analyzed. This can also imply that the company is managing its debt levels reasonably well, maintaining a balance between debt and assets. It's important to note that the interpretation of the debt-to-assets ratio should be considered alongside other financial metrics and industry benchmarks to assess the company's overall financial health and risk profile accurately.