Crocs Inc (CROX)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,835,730 | 1,453,920 | 817,931 | 14,082 | 290,633 |
| Debt-to-capital ratio | 0.42 | 0.53 | 0.74 | 0.98 | 0.38 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,349,340K ÷ ($1,349,340K + $1,835,730K)
= 0.42
As of December 31, 2020, Crocs Inc had a debt-to-capital ratio of 0.38, indicating that 38% of the company's capital structure was funded by debt. Over the following years, the ratio increased to 0.98 by December 31, 2021, suggesting a significant rise in the company's reliance on debt financing. In the subsequent periods, the debt-to-capital ratio fluctuated, reaching 0.74 by December 31, 2022, and then dropping to 0.53 by December 31, 2023. Finally, by December 31, 2024, the ratio decreased further to 0.42, albeit remaining above the initial 2020 level. The trend in the debt-to-capital ratio indicates varying degrees of leverage in Crocs Inc's capital structure over the analyzed period.
Peer comparison
Dec 31, 2024