Crane NXT Co (CXT)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 842,900 | 842,700 | 842,500 | 842,200 |
| Total assets | US$ in thousands | 2,386,500 | 2,410,600 | 2,387,500 | 2,098,700 | 2,129,400 | 2,094,100 | 2,195,000 | 4,336,000 | 4,390,200 | 4,132,400 | 4,499,100 | 4,353,200 | 4,486,600 | 4,474,500 | 4,423,200 | 4,586,500 | 4,615,000 | 4,623,000 | 4,630,300 | 4,464,600 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.18 | 0.18 | 0.18 | 0.19 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,386,500K
= 0.00
The debt-to-assets ratio of Crane NXT Co has shown a consistent decline over the past few years, indicating a strong financial position with minimal debt relative to its total assets. The ratio decreased from 0.19 in March 2020 to 0.00 by December 2024, reflecting a significant reduction in the company's debt burden compared to its asset base.
This downward trend in the debt-to-assets ratio suggests that Crane NXT Co has been effectively managing its debt levels and/or increasing its asset base. A low or zero debt-to-assets ratio is generally viewed positively by investors and creditors as it signifies lower financial risk and greater financial stability for the company.
Overall, the decreasing trend in Crane NXT Co's debt-to-assets ratio indicates a healthy financial position and a prudent approach to managing its capital structure and financial leverage. This may contribute to the company's ability to invest in growth opportunities, withstand economic downturns, and generate value for its stakeholders.
Peer comparison
Dec 31, 2024