Crane NXT Co (CXT)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 | 0.18 | 0.18 | 0.18 | 0.19 |
| Debt-to-capital 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 | 0.36 | 0.36 | 0.37 | 0.37 |
| 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 |
| 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 |
The solvency ratios of Crane NXT Co depict a consistently strong financial position over the years. The Debt-to-assets ratio has declined steadily from 0.19 in March 2020 to 0.00 by December 2024, indicating a decreasing reliance on debt to fund assets. Similarly, the Debt-to-capital ratio and Debt-to-equity ratio show a reduction from initial levels to 0.00 by the end of the period, signaling a significant improvement in solvency and financial stability.
Furthermore, the Financial leverage ratio, which measures the extent of a company's debt financing, has shown a decreasing trend from 3.18 in March 2020 to 2.24 by December 2024. This decline in financial leverage signifies a shift towards a more conservative capital structure and a lower risk of financial distress.
Overall, the solvency ratios of Crane NXT Co demonstrate a prudent and sustainable approach towards managing its debt levels and maintaining a solid financial position throughout the period under consideration.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 5.74 | 5.89 | 6.06 | 5.89 | 6.84 | 7.17 | 5.41 | 10.32 | 11.18 | 11.60 | 15.68 | 11.65 | 11.31 | 10.15 | 8.49 | 6.02 | 5.09 | 1.39 | 1.80 | 3.96 |
Crane NXT Co's interest coverage ratio has shown fluctuations over the periods indicated. The interest coverage ratio measures the company's ability to meet its interest payments on outstanding debt. An interest coverage ratio above 1 indicates that the company is generating enough earnings to cover its interest expenses.
In the initial periods, from March 31, 2020, to September 30, 2021, the interest coverage ratio ranged from 1.39 to 10.15, showing some variability. From December 31, 2021, to June 30, 2022, there was a significant improvement in the interest coverage ratio, increasing from 11.31 to 15.68, indicating a strong ability to cover interest payments.
However, the interest coverage ratio began to decline from September 30, 2022, to June 30, 2024, ranging from 5.89 to 11.65. This decline may suggest some challenges in generating sufficient earnings to cover interest expenses during these periods.
Overall, Crane NXT Co's interest coverage has displayed both strengths and weaknesses over the periods examined, with varying levels of ability to cover interest payments. It is important for investors and analysts to monitor this ratio to assess the company's financial health and debt-paying capacity.