Crane Company (CR)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
The solvency ratios of Crane Company, as reflected in the data provided, indicate a strong financial position with a consistent trend of low leverage and minimal debt relative to assets, capital, and equity. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all been consistently at 0.00 over the reporting periods, indicating that the company has not relied on debt to finance its operations or investments.
Furthermore, the financial leverage ratio has shown a declining trend from 3.17 in March 2020 to 1.61 in December 2024. This decreasing trend signifies that Crane Company has been reducing its financial leverage over the years, indicating a favorable balance between debt and equity in its capital structure.
Overall, the solvency ratios of Crane Company suggest a conservative approach to managing its financial obligations and maintaining a strong financial position, which bodes well for its long-term stability and ability to weather economic uncertainties.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 13.25 | 13.03 | 12.98 | 12.70 | 8.83 | 7.84 | 3.34 | 8.25 | 8.82 | 8.55 | 14.31 | 9.32 | 10.61 | 10.07 | 8.29 | 6.22 | 5.30 | 1.79 | 2.43 | 4.17 |
Interest coverage is a financial ratio that measures a company's ability to pay interest expenses on its outstanding debt obligations. It is calculated by dividing the earnings before interest and taxes (EBIT) by the interest expense.
Analyzing Crane Company's interest coverage over the past few years reveals fluctuations in the company's ability to cover its interest expenses. The interest coverage ratio has varied significantly, starting at 4.17 on March 31, 2020, dropping to a low of 1.79 on September 30, 2020, before gradually improving.
The ratio showed a positive trend from March 2021 to June 2022, reaching a peak of 14.31 on June 30, 2022. This indicates that Crane Company's earnings were sufficiently high to cover its interest costs during this period. However, the ratio declined afterwards, dropping to 3.34 on June 30, 2023, before recovering to 13.25 on December 31, 2024.
Overall, the interest coverage ratio for Crane Company has shown volatility over the years, with both highs and lows. Investors and creditors should closely monitor this ratio as it indicates the company's ability to meet its interest obligations and manage its debt effectively.