Cinemark Holdings Inc (CNK)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | -528,300 | 286,600 | -485,200 | 322,900 | 787,973 |
| Debt-to-equity ratio | — | 0.00 | — | 7.67 | 3.02 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $-528,300K
= —
Cinemark Holdings Inc's debt-to-equity ratio has displayed significant fluctuations over the years, indicating varying levels of leverage and financial risk.
As of December 31, 2020, the ratio stood at 3.02, suggesting that the company had a higher proportion of debt compared to equity. By December 31, 2021, the ratio increased substantially to 7.67, signaling a significant rise in debt relative to equity. This sharp increase may indicate a higher risk level for the company due to increased financial leverage.
Interestingly, as of December 31, 2022, the debt-to-equity ratio is not available (denoted by "—"). The absence of this data point may be due to a variety of reasons, such as a change in reporting practices or financial circumstances.
By December 31, 2023, the ratio dropped to 0.00, indicating that there was no debt recorded in that period, resulting in a purely equity-funded capital structure. This scenario suggests reduced financial risk and potential for financial stability.
However, as of December 31, 2024, the debt-to-equity ratio is once again not available (denoted by "—"), making it challenging to assess the company's leverage position for that year.
Overall, the fluctuating trend in Cinemark Holdings Inc's debt-to-equity ratio reflects varying levels of reliance on debt financing over time, highlighting the importance of monitoring the company's capital structure and financial health.