Crane NXT Co (CXT)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,064,900 | 1,070,700 | 989,800 | 964,100 | 964,000 | 872,600 | 855,200 | 2,015,200 | 1,901,400 | 1,708,300 | 1,861,800 | 1,723,300 | 1,832,300 | 1,807,600 | 1,725,200 | 1,595,000 | 1,528,900 | 1,506,500 | 1,421,100 | 1,405,200 |
| Debt-to-capital 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 | 0.36 | 0.36 | 0.37 | 0.37 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,064,900K)
= 0.00
The debt-to-capital ratio of Crane NXT Co has shown a consistent downward trend over the past few years, starting at 0.37 in March 2020 and gradually decreasing to 0.00 by December 2024. This indicates that the company has significantly reduced its reliance on debt in relation to its total capital structure over this period. A debt-to-capital ratio of 0.00 suggests that the company may have paid off its debt entirely or has very minimal debt compared to its equity. This could potentially signify improved financial stability and reduced financial risk for Crane NXT Co, as it has shifted towards a more equity-funded capital structure.
Peer comparison
Dec 31, 2024