Cinemark Holdings Inc (CNK)
Debt-to-assets 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 | — | — | — | — | — | — | — | — | — | 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 |
| Total assets | US$ in thousands | 1,127,300 | 1,581,400 | 1,576,400 | 1,586,700 | 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 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 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 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,127,300K
= 0.00
Cinemark Holdings Inc's debt-to-assets ratio has shown an increasing trend over the past few years based on the provided data. The ratio has been gradually rising from 0.33 as of March 31, 2020, to 0.51 as of September 30, 2022. This indicates that the company's level of debt relative to its total assets has been increasing steadily.
However, there is a significant drop in the debt-to-assets ratio as of December 31, 2022, where the ratio suddenly falls to 0.00 and remains at this level for the following reporting periods through December 31, 2024. This substantial decline suggests a significant reduction in debt levels relative to the company's total assets during this period.
It's important to note that a debt-to-assets ratio of 0.00 does not necessarily mean that the company is completely debt-free, as it could also imply a situation where the company's debt levels are very low compared to its asset base.
Overall, the fluctuating trend in Cinemark Holdings Inc's debt-to-assets ratio indicates variations in the company's debt management strategies and financial leverage over the analyzed period.