Crocs Inc (CROX)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	1,453,920	1,200,260	1,189,690	968,500	817,931	630,802	491,965	349,170	14,082	352,831	358,764	326,231	290,633	227,987	156,884	94,029	131,905	117,524	111,936	122,945
Debt-to-capital ratio		0.53	0.62	0.63	0.70	0.74	0.80	0.85	0.89	0.98	0.66	0.52	0.51	0.38	0.37	0.64	0.79	0.61	0.61	0.66	0.64

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 shown a decreasing trend over the past eight quarters, indicating a positive development in the company's capital structure. The ratio has decreased from 0.89 in Q1 2022 to 0.53 in Q4 2023. This suggests that Crocs has been effectively managing its debt levels relative to its capital, which could lower financial risk and improve its creditworthiness. Investors and creditors may view this trend positively as it indicates a more conservative approach towards debt management by the company.

Peer comparison

Dec 31, 2023

Company name

Symbol

Debt-to-capital ratio

Crocs Inc

CROX

0.53

Deckers Outdoor Corporation