Crocs Inc (CROX)
Debt-to-equity 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-equity ratio | 1.13 | 2.81 | 54.78 | 0.62 | 1.55 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,641,000K ÷ $1,453,920K
= 1.13
Crocs Inc's debt-to-equity ratio has fluctuated significantly over the past five years, indicating changes in the company's capital structure and leverage.
In 2023, the debt-to-equity ratio stands at 1.14, which is lower compared to the previous year. This suggests that the company has reduced its reliance on debt financing or increased its equity base, resulting in a more balanced capital structure.
The ratio was exceptionally high in 2021 at 54.78, indicating that the company had significantly more debt relative to its equity that year. This could have been a result of a large debt issuance or a decline in shareholder equity, which may have raised concerns about the company's financial stability and solvency.
The ratio of 0.62 in 2020 suggests that the company had a relatively low level of debt compared to its equity that year, indicating a conservative capital structure. This could imply that the company was less leveraged and had a stronger financial position.
In 2019, the debt-to-equity ratio was 1.55, indicating that the company had a moderate level of debt relative to its equity. This suggests a balanced mix of debt and equity financing, which is a common strategy for many companies.
Overall, fluctuations in Crocs Inc's debt-to-equity ratio over the years reflect changes in the company's financing decisions and financial strategy, impacting its risk profile and financial flexibility.
Peer comparison
Dec 31, 2023