Crane NXT Co (CXT)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.24 | 2.21 | 2.31 | 2.45 | 3.00 |
Crane NXT Co's solvency ratios indicate a strong financial position with consistently low levels of debt relative to assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been reported as 0.00 from 2020 to 2024, suggesting that the company has no debt obligations compared to its total assets, capital, or equity during these years.
Furthermore, the Financial leverage ratio has decreased from 3.00 in 2020 to 2.24 in 2024. This decreasing trend indicates that the company has been relying less on debt financing over the years, moving towards a more conservative capital structure.
Overall, based on these solvency ratios, Crane NXT Co appears to have a very low risk of financial distress and is well-equipped to meet its financial obligations in the long term.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 5.74 | 5.74 | 5.84 | 11.72 | 4.65 |
Crane NXT Co's interest coverage ratio has shown variability over the past five years. The ratio was 4.65 for the year ended December 31, 2020, indicating that the company generated operating income 4.65 times greater than its interest expenses.
The interest coverage improved significantly to 11.72 by December 31, 2021, suggesting a stronger ability to meet interest obligations from operating profits. However, the ratio declined somewhat in the following years to 5.84 by December 31, 2022, and remained relatively stable at 5.74 for both December 31, 2023 and 2024.
Overall, Crane NXT Co's interest coverage has shown some volatility, but the company generally maintained a healthy ratio above 1, indicating that it consistently generated sufficient operating income to cover its interest expenses. This trend suggests a reasonable ability to meet interest payments comfortably over the years.