Crane Company (CR)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,638,700 | 1,357,800 | 1,907,100 | 1,835,100 | 1,531,100 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,638,700K
= 0.00
The Debt-to-Equity ratio of Crane Company has been consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt to finance its operations or growth during this period. A debt-to-equity ratio of 0.00 suggests that the company's financial structure is not reliant on external borrowing, and its operations are primarily funded through equity. It may signify a lower financial risk and strong financial stability, as there is no significant debt burden on the company's balance sheet. However, it's important to note that while a low debt-to-equity ratio can be favorable, it could also mean missed opportunities for leveraging debt for potential growth or tax advantages. Further analysis of the company's financial strategy and goals would provide more insights into the reasons behind maintaining a consistent 0.00 debt-to-equity ratio over the years.
Peer comparison
Dec 31, 2024