Crocs Inc (CROX)
Debt-to-equity 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-equity ratio | 0.74 | 1.13 | 2.81 | 54.78 | 0.62 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,349,340K ÷ $1,835,730K
= 0.74
Crocs Inc's debt-to-equity ratio experienced significant fluctuations over the years. It was 0.62 as of December 31, 2020, indicating a relatively conservative capital structure with a low level of debt compared to equity. However, by December 31, 2021, the ratio surged to 54.78, suggesting a substantial increase in financial leverage and potential financial risk.
The following years saw improvements in the debt-to-equity ratio, with values of 2.81 as of December 31, 2022, 1.13 as of December 31, 2023, and 0.74 as of December 31, 2024. These lower ratios indicate reduced reliance on debt financing in relation to equity, reflecting a more balanced and sustainable capital structure.
Overall, the fluctuating trend in Crocs Inc's debt-to-equity ratio highlights the company's evolving financing strategy and financial risk management practices over the years.
Peer comparison
Dec 31, 2024