Cinemark Holdings Inc (CNK)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,127,300 | 1,581,400 | 1,576,400 | 1,586,700 | 4,655,900 | 1,583,800 | 1,598,000 | 1,575,100 | 4,623,300 | 4,850,500 | 5,004,000 | 5,024,300 | 5,230,600 | 5,078,570 | 5,212,820 | 5,296,950 | 5,562,920 | 5,802,610 | 5,690,120 | 5,632,890 |
| 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 |
| Financial leverage ratio | — | — | — | — | 16.25 | 5.42 | — | — | — | 24.90 | 24.06 | 17.55 | 16.20 | 16.70 | 13.46 | 10.31 | 7.06 | 5.76 | 5.24 | 4.49 |
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 shown significant fluctuations over the observed periods, starting at 4.49 as of March 31, 2020, and peaking at 24.90 as of September 30, 2022. The ratio indicates that the company relies heavily on debt to finance its operations and growth.
There was a notable spike in the financial leverage ratio from March 31, 2021, to June 30, 2021, where it increased from 10.31 to 13.46, demonstrating a sudden increase in the company's debt levels relative to its equity. This trend continued to rise, reaching a peak at 24.06 as of June 30, 2022, which could raise concerns about the company's financial stability and ability to meet its debt obligations.
However, the ratio dropped significantly in the following periods, showing a decrease to 5.42 as of September 30, 2023, and then a subsequent increase to 16.25 as of December 31, 2023. The absence of data for some periods may indicate possible reporting gaps or changes in the company's financial reporting practices.
Overall, Cinemark Holdings Inc's financial leverage ratio demonstrates varying levels of leverage over time, reflecting fluctuations in the company's debt and equity structure. It is essential for investors and stakeholders to closely monitor these metrics to assess the company's risk profile and financial health accurately.