Cinemark Holdings Inc (CNK)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.51 | 0.49 | 0.49 | 0.47 | 0.49 | 0.48 | 0.47 | 0.43 | 0.41 | 0.37 | 0.33 | 0.30 | 0.31 | 0.30 | 0.31 |
| Debt-to-capital ratio | 0.00 | 0.00 | — | — | — | 0.93 | 0.92 | 0.90 | 0.88 | 0.89 | 0.86 | 0.83 | 0.75 | 0.70 | 0.66 | 0.60 | 0.55 | 0.54 | 0.54 | 0.55 |
| 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 |
| 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 | 4.06 | 3.88 | 3.90 | 3.99 |
Cinemark Holdings Inc's solvency ratios indicate its ability to meet its long-term financial obligations. The debt-to-assets ratio has been relatively stable around 0.50 to 0.55, suggesting that over half of the company's assets are financed by debt. The debt-to-capital ratio has fluctuated between 0.85 and 0.96, indicating that debt comprises around 88% to 91% of the company's capital structure.
However, the debt-to-equity ratio has shown more variability, ranging from 5.73 to 22.69. This ratio signifies that, on average, the company's total debt is around 8 to 23 times the value of its equity, reflecting varying levels of leverage.
The financial leverage ratio has also displayed fluctuations, ranging from 12.41 to 41.37. This ratio indicates that, on average, the company relies on debt financing to generate around 12 to 41 times the return on equity.
Overall, the solvency ratios of Cinemark Holdings Inc suggest a moderate level of leverage and the company's ability to manage its debt obligations. However, the varying levels of debt in relation to capital and equity over the periods should be monitored closely to ensure long-term financial stability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | -3.08 | -2.44 | -1.22 | -0.73 | 2.20 | 1.45 | 0.05 | -1.94 | -4.16 | -5.44 | -6.66 | -6.13 | -3.76 | -1.31 | 2.65 | 3.71 | 3.78 | 3.92 | 3.47 |
The interest coverage ratio of Cinemark Holdings Inc has shown fluctuations over the past eight quarters. The ratio has improved from 0.43 in Q4 2022 to 3.18 in Q4 2023, indicating that the company's ability to cover its interest expenses with operating income has strengthened significantly. However, it is worth noting that there was a significant decline in Q1 2022, when the interest coverage ratio was negative at -0.71, suggesting that the company's operating income was insufficient to cover its interest expenses during that quarter. Overall, Cinemark Holdings Inc's interest coverage ratio has displayed a mix of positive and negative trends, and investors may want to closely monitor this ratio to assess the company's financial health and ability to meet its interest obligations.