Crocs Inc (CROX)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,643,830 | 4,581,360 | 4,603,120 | 4,595,640 | 4,501,800 | 4,543,170 | 4,586,640 | 4,470,660 | 1,545,070 | 1,745,060 | 1,493,800 | 1,362,320 | 1,118,720 | 802,045 | 810,884 | 836,240 | 738,802 | 685,515 | 714,141 | 689,206 |
| 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 |
| Financial leverage ratio | 3.19 | 3.82 | 3.87 | 4.75 | 5.50 | 7.20 | 9.32 | 12.80 | 109.72 | 4.95 | 4.16 | 4.18 | 3.85 | 3.52 | 5.17 | 8.89 | 5.60 | 5.83 | 6.38 | 5.61 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,643,830K ÷ $1,453,920K
= 3.19
Crocs Inc's financial leverage ratio has exhibited a fluctuating trend over the past eight quarters. The ratio decreased from 12.80 in Q1 2022 to 3.19 in Q4 2023. This indicates that the company's reliance on debt to finance its operations has reduced significantly over this period. However, it is important to note that the financial leverage ratio increased from Q3 2023 to Q1 2023, reaching a peak of 4.75, before declining again in Q4 2023.
Overall, the decreasing trend in the financial leverage ratio suggests that Crocs Inc has been working towards reducing its debt levels and improving its financial stability. This could signify a positive development in the company's financial health as lower leverage ratios generally indicate lower financial risk and a stronger balance sheet. It would be beneficial for Crocs Inc to continue monitoring and managing its debt levels to ensure sustainable growth and profitability in the long term.
Peer comparison
Dec 31, 2023