Crocs Inc (CROX)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,453,920 | 817,931 | 14,082 | 290,633 | 131,905 |
| Debt-to-capital ratio | 0.53 | 0.74 | 0.98 | 0.38 | 0.61 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,641,000K ÷ ($1,641,000K + $1,453,920K)
= 0.53
Crocs Inc's debt-to-capital ratio has fluctuated over the past five years, indicating varying levels of financial leverage. The ratio was at its highest in 2021 at 0.98, suggesting a higher proportion of debt relative to total capital. Subsequently, the ratio decreased in 2022 and continued to decline in 2023 to 0.53, which may indicate a reduction in the company's reliance on debt financing and a strengthening of its financial position. However, it is worth noting that the ratio was relatively low in 2020 at 0.38, which could signify a conservative debt strategy during that period. Overall, the trend in Crocs Inc's debt-to-capital ratio suggests fluctuations in its capital structure and debt management practices over the last five years.
Peer comparison
Dec 31, 2023