Crocs (CROX) Debt-to-Equity

: 1.37 (As of Dec. 2023)

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Crocs's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $86 Mil. Crocs's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,911 Mil. Crocs's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,454 Mil. Crocs's debt to equity for the quarter that ended in Dec. 2023 was 1.37.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Crocs's Debt-to-Equity or its related term are showing as below:

CROX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 1.04 Max: 68.43
Current: 1.37

During the past 13 years, the highest Debt-to-Equity Ratio of Crocs was 68.43. The lowest was 0.00. And the median was 1.04.

CROX's Debt-to-Equity is ranked worse than
82.44% of 934 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.445 vs CROX: 1.37

Crocs Debt-to-Equity Historical Data

The historical data trend for Crocs's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Crocs Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.99

1.29

68.43

3.17

1.37

Crocs Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															3.17	2.63	1.92	1.91	1.37

Competitive Comparison

For the Footwear & Accessories subindustry, Crocs's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Crocs Debt-to-Equity Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Crocs's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Crocs's Debt-to-Equity falls into.

Crocs Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Crocs's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(85.595	+	1910.765)	/	1453.923
	=	1.37

Crocs's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(85.595	+	1910.765)	/	1453.923
	=	1.37

Crocs (NAS:CROX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Crocs Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Crocs's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Crocs (CROX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Crocs Inc (NAS:CROX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CROX:Mexico C7N:Germany

Address

13601 Via Varra, Broomfield, CO, USA, 80020

Website

https://www.crocs.com

Crocs Inc is engaged in the design, development, marketing, distribution, and sale of casual lifestyle footwear accessories for men, women, and children. The reportable geographic segments of the company include Americas, Asia pacific, and EMEA.

Executives

Adam Michaels	officer: EVP, Chief Digital Officer	C/O CROCS, INC., 13601 VIA VARRA, BROOMFIELD CO 80020
Michelle Poole	officer: EVP CP&M Officer	C/O CROCS, INC., 7477 DRY CREEK PARKWAY, NIWOT CO 80503
Shannon Sisler	officer: EVP, Chief People Officer	C/O CROCS, INC., 13601 VIA VARRA, BROOMFIELD CO 80020
Douglas J Treff	director	3231 S.E. SIXTH AVENUE, TOPEKA KS 66607
Anne Mehlman	officer: CFO	C/O CROCS, INC., 7477 E DRY CREEK PARKWAY, NIWOT CO 80503
Thomas J Smach	director	C/O FLEXTRONICS INTERNATIONAL LTD, 2090 FORTUNE DRIVE, SAN JOSE CA 95131
Thomas Britt	officer: EVP, Chief Information Officer	C/O CROCS, INC., 13601 VIA VARRA, BROOMFIELD CO 80020
Andrew Rees	officer: President	C/O CROCS, INC., 7477 DRY CREEK PARKWAY, NIWOT CO 80503
Ian Bickley	director	516 WEST 34TH STREET, NEW YORK NY 10001
Daniel P Hart	officer: EVP-Admin. & Corp. Development	7477 E. DRY CREEK PARKWAY, NIWOT CO 80503
Richard Blackshaw	officer: EVP, Brand President	C/O CROCS, INC., 13601 VIA VARRA, BROOMFIELD CO 80020
Ronald Frasch	director	NEIMAN MARCUS GROUP, 1618 MAIN ST, DALLAS TX 75201
Charisse Ford Hughes	director	C/O CROCS, INC., 13601 VIA VARRA, BROOMFIELD CO 80020
Beth J Kaplan	director	1716 LOCUST STREET, DES MOINES IA 50309
Elaine L Boltz	officer: Chief Operations Officer	C/O CROCS, INC., 7477 E DRY CREEK PARKWAY, NIWOT CO 80503