Crocs Inc (CROX)
Debt-to-capital ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,349,340 | 1,421,950 | 1,529,570 | 1,727,150 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,835,730 | 1,725,120 | 1,653,210 | 1,597,060 | 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 |
| Debt-to-capital ratio | 0.42 | 0.45 | 0.48 | 0.52 | 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 |
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
Crocs Inc's debt-to-capital ratio has shown fluctuating trends over the past few years. It decreased from 0.79 as of March 31, 2020, to 0.37 as of September 30, 2020, indicating a significant reduction in the proportion of debt compared to total capital. However, the ratio increased steadily to 0.98 as of December 31, 2021, signifying higher reliance on debt financing.
From 2022 to 2024, the debt-to-capital ratio exhibited a more stable pattern, hovering between 0.42 and 0.89. This suggests that Crocs Inc has maintained a moderate level of debt relative to its capital structure during this period. The ratio peaked at 0.98 in December 31, 2021, but gradually decreased to 0.42 by December 31, 2024.
Overall, the company's debt-to-capital ratio reflects varying degrees of leverage over time, with a general tendency towards a more balanced capital structure in recent years. It is essential for stakeholders to monitor this ratio to assess Crocs Inc's financial risk and leverage position accurately.
Peer comparison
Dec 31, 2024