Crane Company (CR)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,641,900 | 2,333,600 | 4,397,000 | 4,486,600 | 4,588,900 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,641,900K
= 0.00
The debt-to-assets ratio for Crane Company has consistently been 0.00 over the five-year period from December 31, 2020, to December 31, 2024. This indicates that the company has no debt relative to its total assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity, rather than debt. This could be advantageous as it reflects a low financial risk and may indicate a strong financial position, as the company does not rely heavily on borrowed funds for its operations or investments. However, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of Crane Company's overall financial health and performance.
Peer comparison
Dec 31, 2024