Crane NXT Co (CXT)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 469,500 | 543,700 | 842,400 | 842,900 | 842,000 |
| Total assets | US$ in thousands | 2,129,400 | 2,129,400 | 4,486,600 | 4,615,000 | 4,423,700 |
| Debt-to-assets ratio | 0.22 | 0.26 | 0.19 | 0.18 | 0.19 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $469,500K ÷ $2,129,400K
= 0.22
The debt-to-assets ratio of Crane NXT Co has shown some fluctuations over the past five years, ranging from 0.18 to 0.26. The ratio indicates that, on average, the company is financing approximately 19% to 26% of its assets through debt.
In 2023, the debt-to-assets ratio has decreased to 0.22 from 0.26 in 2022, indicating a slight improvement in the company's debt management. This could suggest that Crane NXT Co has possibly reduced its debt levels relative to its asset base.
Overall, the trend of the debt-to-assets ratio for Crane NXT Co indicates that the company has been able to maintain a relatively stable level of debt in relation to its total assets over the years, with some minor fluctuations. It would be important for the company to continue monitoring and managing its debt levels effectively to ensure financial stability and sustainability in the long term.
Peer comparison
Dec 31, 2023