Cinemark Holdings Inc (CNK)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | -528,300 | -502,000 | -510,500 | -498,200 | 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 |
| Debt-to-equity ratio | — | — | — | — | 0.00 | 0.00 | — | — | — | 12.70 | 11.90 | 8.65 | 7.67 | 8.15 | 6.40 | 4.82 | 3.02 | 2.35 | 1.95 | 1.49 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $-528,300K
= —
The debt-to-equity ratio of Cinemark Holdings Inc has shown a significant increase over the past few years, indicating a higher reliance on debt to finance its operations and investments.
From March 2020 to June 2022, the ratio steadily increased from 1.49 to 11.90, which suggests a substantial rise in debt relative to equity during this period. This rapid increase may raise concerns about the company's financial leverage and ability to service its debt obligations.
Furthermore, reaching a peak of 12.70 in September 2022, the ratio began a gradual decline, indicating a possible effort to reduce debt levels or increase equity. By September 2023 and December 2023, the ratio dropped to 0.00, signaling a temporary shift to a debt-free position or a reallocation of debt and equity components.
Overall, the fluctuation in the debt-to-equity ratio of Cinemark Holdings Inc reflects changes in its capital structure and financial strategy, highlighting the evolving financial risk profile of the company over the analyzed period.