Crocs Inc (CROX)
Debt-to-equity 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-equity ratio | 1.13 | 1.60 | 1.69 | 2.32 | 2.81 | 4.12 | 5.58 | 8.17 | 54.78 | 1.94 | 1.08 | 1.05 | 0.62 | 0.59 | 1.75 | 3.72 | 1.55 | 1.57 | 1.92 | 1.75 |
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 been fluctuating over the past eight quarters. The ratio decreased from 8.24 in Q1 2022 to 1.14 in Q4 2023, indicating a significant improvement in the company's debt leverage. This suggests that Crocs has reduced its reliance on debt financing and increased its equity financing over this period. However, it is important to note the ratio was the highest in Q1 2022 at 8.24, which could indicate a higher level of financial risk and leverage at that time. Overall, the decreasing trend in the debt-to-equity ratio reflects a positive financial position for Crocs Inc in recent quarters.
Peer comparison
Dec 31, 2023