Crane NXT Co (CXT)
Debt-to-equity 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-equity ratio | 0.49 | 0.48 | 0.52 | 2.00 | 0.69 | 1.20 | 1.15 | 1.09 | 1.10 | 0.47 | 0.49 | 0.53 | 0.55 | 0.56 | 0.59 | 0.60 | 0.57 | 0.55 | 0.56 | 0.59 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $469,500K ÷ $964,000K
= 0.49
The debt-to-equity ratio of Crane NXT Co has fluctuated over the past few years, indicating varying levels of debt relative to equity.
The ratio was relatively stable around 0.50 from Dec 2019 to Jun 2020, suggesting a balanced mix of debt and equity financing. However, starting from Sep 2020, the ratio began to increase steadily, reaching a peak of 2.00 in Mar 2023. This sudden spike suggests a significant increase in debt relative to equity, which may raise concerns about the company's financial leverage and solvency.
Subsequently, the ratio decreased to 0.49 in Dec 2023, showing a partial reversal of the previous trend. While the ratio is lower than the peak in Mar 2023, it is still higher than the levels seen in earlier periods.
Overall, Crane NXT Co's debt-to-equity ratio has displayed significant fluctuations, highlighting the company's shifting capital structure and potential financial risk. Further analysis of the company's debt management and financial strategy would be necessary to fully assess the implications of these trends.
Peer comparison
Dec 31, 2023