Crocs Inc (CROX)
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 | 1,349,340 | 1,641,000 | 2,298,030 | 771,390 | 180,000 |
| Total assets | US$ in thousands | 4,812,150 | 4,643,830 | 4,501,800 | 1,545,070 | 1,118,720 |
| Debt-to-assets ratio | 0.28 | 0.35 | 0.51 | 0.50 | 0.16 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,349,340K ÷ $4,812,150K
= 0.28
The debt-to-assets ratio for Crocs Inc has shown varying trends over the years. As of December 31, 2020, the ratio was at a relatively low level of 0.16, indicating that the company had a low proportion of debt relative to its total assets. However, by December 31, 2021, the ratio had increased significantly to 0.50, signaling a higher level of debt utilization in financing the company's operations.
This trend continued into December 31, 2022, with the ratio further rising to 0.51, suggesting a continued reliance on debt to support the company's asset base. By December 31, 2023, there was a slight decrease in the ratio to 0.35, indicating a potential effort to manage and reduce the debt burden relative to the company's asset structure.
Finally, as of December 31, 2024, the debt-to-assets ratio further decreased to 0.28, showcasing a potential improvement in the company's debt management practices and a healthier balance between debt and assets. Overall, the fluctuating trend in the debt-to-assets ratio highlights the changing dynamics of Crocs Inc's capital structure and its ongoing efforts to optimize its financial leverage.
Peer comparison
Dec 31, 2024