Cinemark Holdings Inc (CNK)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,127,300 | 4,655,900 | 4,623,300 | 5,230,600 | 5,562,920 |
| Total stockholders’ equity | US$ in thousands | -528,300 | 286,600 | -485,200 | 322,900 | 787,973 |
| Financial leverage ratio | — | 16.25 | — | 16.20 | 7.06 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,127,300K ÷ $-528,300K
= —
The financial leverage ratio of Cinemark Holdings Inc has exhibited a significant increase over the period from December 31, 2020, to December 31, 2021, rising from 7.06 to 16.20. This indicates a substantial amplification in the company's reliance on debt to finance its operations and investments. The absence of data for December 31, 2022 and subsequent return of 16.25 in December 31, 2023, signifies a persistent high level of financial leverage. It's essential for investors and stakeholders to keep a close eye on this trend as high financial leverage can amplify both risks and returns for the company.