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

Company name
Symbol
Debt-to-assets ratio
Crocs Inc
CROX
0.28
Deckers Outdoor Corporation
DECK
0.00
Nike Inc
NKE
0.21