Crane NXT Co (CXT)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 964,000 | 872,600 | 855,200 | 441,100 | 783,800 | 701,600 | 731,100 | 776,200 | 763,800 | 1,807,600 | 1,725,200 | 1,595,000 | 1,528,900 | 1,506,500 | 1,421,100 | 1,405,200 | 1,473,700 | 1,697,500 | 1,672,000 | 1,590,600 |
| Debt-to-capital ratio | 0.33 | 0.32 | 0.34 | 0.67 | 0.41 | 0.55 | 0.54 | 0.52 | 0.52 | 0.32 | 0.33 | 0.35 | 0.36 | 0.36 | 0.37 | 0.37 | 0.36 | 0.36 | 0.36 | 0.37 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $469,500K ÷ ($469,500K + $964,000K)
= 0.33
The debt-to-capital ratio of Crane NXT Co has exhibited some fluctuations over the past few quarters. As of December 31, 2023, the ratio stands at 0.33, indicating that 33% of the company's capital structure is comprised of debt. This suggests a moderate level of leverage, which may be viewed positively by creditors and investors seeking a balance between debt and equity financing.
Looking at the trend over the past few quarters, there are some variations in the debt-to-capital ratio. For example, there was a relatively high ratio of 0.67 as of March 31, 2023, which could indicate a temporary increase in debt relative to capital during that period. However, the ratio decreased in subsequent quarters and has remained within a range of 0.32 to 0.55 since then.
Overall, the company's debt-to-capital ratio indicates a reasonable level of debt compared to capital, with some fluctuations observed over the quarters. It is essential for investors and analysts to continue monitoring this ratio to assess the company's financial risk and leverage position accurately.
Peer comparison
Dec 31, 2023