Crane NXT Co (CXT)

Solvency ratios

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
Debt-to-assets ratio 0.22 0.20 0.20 0.20 0.26 0.20 0.19 0.19 0.19 0.19 0.19 0.18 0.18 0.18 0.18 0.19 0.19 0.22 0.23 0.23
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
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
Financial leverage ratio 2.21 2.40 2.57 9.83 2.72 5.89 6.15 5.61 5.87 2.48 2.56 2.88 3.02 3.07 3.26 3.18 3.00 2.45 2.48 2.60

The solvency ratios of Crane NXT Co indicate the company's ability to meet its long-term financial obligations.

1. Debt-to-assets ratio: The company's debt-to-assets ratio has been relatively stable around 0.20 to 0.26 over the past few quarters, indicating that the company relies moderately on debt to finance its assets.

2. Debt-to-capital ratio: Crane NXT Co's debt-to-capital ratio has shown some fluctuations but generally ranges from 0.32 to 0.67. This ratio suggests that a significant portion of the company's capital structure is financed by debt.

3. Debt-to-equity ratio: The debt-to-equity ratio has been fluctuating more widely, ranging from 0.47 to as high as 2.00. A ratio of 2.00 in March 2023 indicates a high level of financial leverage compared to the equity portion of the company's capital structure.

4. Financial leverage ratio: The financial leverage ratio has varied significantly, with a peak of 9.83 in March 2023, indicating that the company had a high level of leverage at that point. However, the ratio has shown some moderation in subsequent quarters.

Overall, the analysis of Crane NXT Co's solvency ratios suggests that while the company has been managing its debt levels within a reasonable range, there have been periods of high leverage which may pose risks to the company's financial stability and ability to meet its long-term obligations. The company should continue to monitor and manage its debt levels carefully to ensure sustainable financial health.

Coverage ratios

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
Interest coverage 5.66 10.43 10.28 10.83 12.18 7.29 9.29 11.13 11.69 10.41 8.61 5.99 5.09 1.39 1.80 3.96 4.52 10.13 10.53 9.97

Crane NXT Co's interest coverage ratio has exhibited some variability over the periods analyzed. The interest coverage ratio measures the company's ability to meet its interest obligations with its operating income. A higher interest coverage ratio indicates a stronger ability to cover interest expenses.

For Crane NXT Co, the interest coverage ratio ranged from a low of 1.39 in the first quarter of 2020 to a high of 12.18 in the fourth quarter of 2022. The trend shows fluctuations in the ratio, but overall, the company has generally maintained a healthy interest coverage ratio above 1, which indicates that they have been able to meet their interest obligations comfortably.

In particular, the ratio significantly improved in the fourth quarter of 2022, reaching its peak at 12.18, suggesting a strong ability to cover interest expenses with operating income. However, the ratio dropped in the first quarter of 2020 and showed some fluctuations in subsequent periods.

Overall, Crane NXT Co's interest coverage ratio demonstrates a varying but generally stable ability to cover its interest expenses with operating income over the periods analyzed. Investors and creditors may view this as a positive sign of the company's financial health and ability to manage its debt obligations.