Crocs Inc (CROX)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,641,000 | 1,918,670 | 2,007,480 | 2,250,290 | 2,298,030 | 2,595,770 | 2,743,510 | 2,851,260 | 771,390 | 685,955 | 386,383 | 341,103 | 180,000 | 135,000 | 275,000 | 350,000 | 205,000 | 185,000 | 215,000 | 215,000 |
| Total assets | US$ in thousands | 4,643,830 | 4,581,360 | 4,603,120 | 4,595,640 | 4,501,800 | 4,543,170 | 4,586,640 | 4,470,660 | 1,545,070 | 1,745,060 | 1,493,800 | 1,362,320 | 1,118,720 | 802,045 | 810,884 | 836,240 | 738,802 | 685,515 | 714,141 | 689,206 |
| Debt-to-assets ratio | 0.35 | 0.42 | 0.44 | 0.49 | 0.51 | 0.57 | 0.60 | 0.64 | 0.50 | 0.39 | 0.26 | 0.25 | 0.16 | 0.17 | 0.34 | 0.42 | 0.28 | 0.27 | 0.30 | 0.31 |
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 shown a declining trend over the past eight quarters, indicating a consistent reduction in the company's reliance on debt to finance its assets. The ratio decreased from 0.64 in Q1 2022 to 0.36 in Q4 2023. This suggests that Crocs Inc has been effectively managing its debt levels relative to its asset base, potentially reducing financial risk and improving its overall financial health. The decreasing trend in the debt-to-assets ratio demonstrates the company's ability to strengthen its balance sheet and potentially enhance its creditworthiness. It indicates that Crocs Inc may have improved its ability to meet its financial obligations while maintaining a healthy level of assets.
Peer comparison
Dec 31, 2023