Crocs Inc (CROX)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,641,000 | 2,298,030 | 771,390 | 180,000 | 205,000 |
| Total assets | US$ in thousands | 4,643,830 | 4,501,800 | 1,545,070 | 1,118,720 | 738,802 |
| Debt-to-assets ratio | 0.35 | 0.51 | 0.50 | 0.16 | 0.28 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,641,000K ÷ $4,643,830K
= 0.35
Crocs Inc's debt-to-assets ratio has fluctuated over the past five years, indicating varying levels of leverage and financial risk. The ratio decreased from 0.28 in 2019 to 0.16 in 2020, suggesting a significant reduction in the proportion of debt relative to the total assets. However, in the subsequent years, the ratio increased to 0.50 in 2021 and 0.52 in 2022 before decreasing slightly to 0.36 in 2023.
The higher debt-to-assets ratios in 2021 and 2022 may indicate increased reliance on debt to finance company operations or investments during those periods. This heightened leverage could potentially expose Crocs Inc to greater financial risk, especially if the company faces challenges in servicing its debt obligations.
It is essential for investors and stakeholders to closely monitor Crocs Inc's debt-to-assets ratio to assess the company's capital structure and financial health. A gradual reduction in the ratio over time could indicate improved financial stability and reduced risk associated with debt.
Peer comparison
Dec 31, 2023