Crane Company (CR)
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 | 2,641,900 | 2,651,900 | 2,506,700 | 2,418,400 | 2,333,600 | 2,191,900 | 2,179,100 | 4,336,000 | 4,397,000 | 4,132,400 | 4,521,400 | 4,353,200 | 4,486,600 | 4,474,500 | 4,423,200 | 4,586,500 | 4,588,900 | 4,623,000 | 4,630,300 | 4,464,600 |
| Total stockholders’ equity | US$ in thousands | 1,638,700 | 1,574,400 | 1,473,300 | 1,404,600 | 1,357,800 | 1,284,000 | 1,235,100 | 2,015,200 | 1,907,100 | 1,708,300 | 1,886,900 | 1,726,200 | 1,835,100 | 1,810,400 | 1,728,100 | 1,598,000 | 1,531,100 | 1,509,100 | 1,423,600 | 1,407,500 |
| Financial leverage ratio | 1.61 | 1.68 | 1.70 | 1.72 | 1.72 | 1.71 | 1.76 | 2.15 | 2.31 | 2.42 | 2.40 | 2.52 | 2.44 | 2.47 | 2.56 | 2.87 | 3.00 | 3.06 | 3.25 | 3.17 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,641,900K ÷ $1,638,700K
= 1.61
The financial leverage ratio of Crane Company has shown a gradual decline over the period from March 31, 2020, to December 31, 2024. The ratio decreased from 3.17 on March 31, 2020, to 1.61 on December 31, 2024. This indicates that the company has been reducing its reliance on debt to finance its operations and investments, which may be seen as a positive trend as lower financial leverage can reduce the risk of financial distress. The decreasing trend in the financial leverage ratio suggests that Crane Company has been effectively managing its debt levels and maintaining a healthier balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2024