Crane NXT Co (CXT)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,386,500 | 2,410,600 | 2,387,500 | 2,098,700 | 2,129,400 | 2,094,100 | 2,195,000 | 4,336,000 | 4,390,200 | 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 |
| 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 |
| Financial leverage ratio | 2.24 | 2.25 | 2.41 | 2.18 | 2.21 | 2.40 | 2.57 | 2.15 | 2.31 | 2.42 | 2.42 | 2.53 | 2.45 | 2.48 | 2.56 | 2.88 | 3.02 | 3.07 | 3.26 | 3.18 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,386,500K ÷ $1,064,900K
= 2.24
The financial leverage ratio of Crane NXT Co has shown a gradual decrease over the past few years. From a high of 3.26 in June 2020, the ratio has steadily declined to 2.24 by December 2024. This indicates that the company has been reducing its reliance on debt to finance its operations and investments. A decreasing financial leverage ratio is generally viewed positively as it suggests lower financial risk and greater stability in the company's capital structure. The trend of decreasing leverage ratio for Crane NXT Co is a good sign of prudent financial management and may indicate improved financial health and performance over time.
Peer comparison
Dec 31, 2024