Cinemark Holdings Inc (CNK)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	286,600	292,300	-474,900	-479,200	-485,200	194,800	208,000	286,300	322,900	304,136	387,158	513,589	787,973	1,007,030	1,086,920	1,253,280	1,435,810	1,483,700	1,515,280	1,451,940
Debt-to-capital ratio		0.00	0.00	—	—	—	0.93	0.92	0.90	0.88	0.89	0.86	0.83	0.75	0.70	0.66	0.60	0.55	0.54	0.54	0.55

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $286,600K)
= 0.00

The debt-to-capital ratio of Cinemark Holdings Inc has exhibited some fluctuation over the past eight quarters, ranging from 0.85 to 0.96. This ratio indicates the proportion of the company's total debt in relation to its total capital, which includes both debt and equity.

A higher debt-to-capital ratio suggests that a larger portion of the company's capital structure is funded by debt, which can indicate higher financial risk due to increased leverage. Conversely, a lower ratio implies a more conservative capital structure with a greater reliance on equity financing.

In the recent quarters, the debt-to-capital ratio has shown some volatility, with a peak of 0.96 in Q1 2023 and a trough of 0.85 in Q4 2022. This pattern may reflect changes in the company's debt levels and capital structure during this period. It would be essential for investors and stakeholders to monitor this ratio over time to assess Cinemark Holdings' financial health and risk profile.