Crane NXT Co (CXT)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,386,500 | 2,129,400 | 4,390,200 | 4,486,600 | 4,588,900 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,386,500K
= 0.00
Crane NXT Co has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has been financing its assets entirely through equity rather than debt. A debt-to-assets ratio of 0.00 suggests a low risk of financial distress due to debt obligations and demonstrates a strong financial position with a lower reliance on external borrowing. It also implies that the company may have more flexibility in managing its operations and investments without the burden of debt servicing costs. Overall, the stability of Crane NXT Co's debt-to-assets ratio over the years reflects a prudent and conservative financial strategy.
Peer comparison
Dec 31, 2024