Crane NXT Co (CXT)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 469,500 | 416,900 | 445,000 | 880,700 | 543,700 | 843,200 | 842,900 | 842,700 | 842,400 | 842,200 | 843,400 | 843,200 | 842,900 | 842,700 | 842,500 | 842,200 | 842,000 | 934,900 | 940,300 | 940,200 |
| Total assets | US$ in thousands | 2,129,400 | 2,094,100 | 2,195,000 | 4,336,000 | 2,129,400 | 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 | 4,423,700 | 4,158,500 | 4,141,800 | 4,142,300 |
| Debt-to-assets ratio | 0.22 | 0.20 | 0.20 | 0.20 | 0.26 | 0.20 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.18 | 0.18 | 0.18 | 0.18 | 0.19 | 0.19 | 0.22 | 0.23 | 0.23 |
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 for Crane NXT Co has shown fluctuations over the past few quarters. The ratio indicates the proportion of the company's assets that are financed through debt. A lower ratio suggests that the company relies less on debt to finance its operations and has a stronger financial position.
Looking at the trend, the ratio has been relatively stable around the range of 0.18 to 0.22, with some minor fluctuations. The ratio was at its highest at 0.26 in December 2022, indicating a temporary increase in debt relative to assets. However, it returned to a lower level in the subsequent quarters.
Overall, the company appears to maintain a conservative level of debt relative to its assets, which can be seen as a positive sign for investors and creditors. It suggests that the company has a prudent approach to managing its financial leverage and is maintaining a healthy balance between debt and assets.
Peer comparison
Dec 31, 2023