Cinemark Holdings Inc (CNK)
Debt-to-equity 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-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 | 1.23 | 1.19 | 1.17 | 1.22 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $286,600K
= 0.00
The debt-to-equity ratio of Cinemark Holdings Inc has fluctuated significantly over the past eight quarters, ranging from a low of 5.73 in Q4 2022 to a high of 22.69 in Q1 2023. This ratio indicates the proportion of the company's total debt relative to its shareholders' equity. A high debt-to-equity ratio may suggest that the company is more leveraged and carries higher financial risk, while a low ratio may indicate a stronger financial position.
In Q4 2022, the company had a relatively low debt-to-equity ratio of 5.73, implying a conservative capital structure with lower debt levels compared to equity. However, this ratio increased steadily in the following quarters, reaching a peak of 22.69 in Q1 2023, which could raise concerns about the company's ability to manage its debt obligations.
Subsequently, the ratio decreased in Q2 and Q3 2023 but remained relatively high, suggesting that Cinemark Holdings Inc still has a significant amount of debt compared to its equity base. Investors and stakeholders should closely monitor this trend to assess the company's financial health and risk profile.