Crane NXT Co (CXT)
Debt-to-equity 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-equity 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 | 0.55 | 0.56 | 0.59 | 0.60 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,064,900K
= 0.00
The debt-to-equity ratio of Crane NXT Co has been consistently decreasing over the past few years, indicating a positive trend in the company's financial leverage.
As of December 31, 2024, the debt-to-equity ratio stands at 0.00, suggesting that the company has no debt relative to its equity. This could signify a strong financial position with low financial risk, as there is no significant debt burden to the company.
It is essential to further investigate the reasons behind this trend, as a sudden drop in the debt-to-equity ratio to zero may raise questions regarding the company's financing activities and capital structure decisions. Overall, the decreasing trend in the debt-to-equity ratio showcases a favorable financial position for Crane NXT Co.
Peer comparison
Dec 31, 2024