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Crown Holdings (Crown Holdings) Debt-to-Equity : 3.20 (As of Dec. 2023)


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What is Crown Holdings Debt-to-Equity?

Crown Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $820 Mil. Crown Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6,879 Mil. Crown Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,410 Mil. Crown Holdings's debt to equity for the quarter that ended in Dec. 2023 was 3.19.

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 Crown Holdings's Debt-to-Equity or its related term are showing as below:

CCK' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.2   Med: 6.83   Max: 58.7
Current: 3.2

During the past 13 years, the highest Debt-to-Equity Ratio of Crown Holdings was 58.70. The lowest was 3.20. And the median was 6.83.

CCK's Debt-to-Equity is ranked worse than
97.35% of 340 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs CCK: 3.20

Crown Holdings Debt-to-Equity Historical Data

The historical data trend for Crown Holdings'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.

Crown Holdings Debt-to-Equity Chart

Crown Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.77 3.81 3.38 3.90 3.20

Crown Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.90 3.73 3.34 3.11 3.20

Competitive Comparison of Crown Holdings's Debt-to-Equity

For the Packaging & Containers subindustry, Crown Holdings'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.


Crown Holdings's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Crown Holdings's Debt-to-Equity distribution charts can be found below:

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



Crown Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

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

* 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.


Crown Holdings  (NYSE:CCK) 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.


Crown Holdings Debt-to-Equity Related Terms

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


Crown Holdings (Crown Holdings) Business Description

Traded in Other Exchanges
Address
14025 Riveredge Drive, Suite 300, Tampa, FL, USA, 33637-2015
Crown Holdings is one of the world's largest producers of metal packaging. The company manufactures beverage cans, metal food cans, and closures as well as aerosol cans. With the purchase of Signode, the company also has a presence in a wide variety of protective transport packaging. Although it's headquartered in the United States, the vast majority of Crown's sales come from its operations in Europe, South America, and Southeast Asia.
Executives
Timothy J Donahue officer: Senior Vice President C/O CROWN HOLDINGS, INC, 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Gerard H Gifford officer: President - European Division C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Christy L. Kalaus officer: VP & Corp Controller 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
James H Miller director C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Carlos Baila officer: President - Asia Pacific Div. 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Andrew Teno director C/O FIR TREE INC., 55 WEST 46TH STREET, 29TH FLOOR, NEW YORK NY 10036
Jesse Lynn director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Matt Madeksza officer: President - Transit Packaging 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Angela M Snyder director C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Djalma Jr Novaes officer: President - Crown Americas Div C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Hock Huat Goh officer: President - Asia Pacific Div. C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Marsha C Williams director EQUITY OFFICE PROPERTIES, CHICAGO IL 60606
John W Conway director C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
B Craig Owens director 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Dwayne Andree Wilson director 6700 LAS COLINAS BOULEVARD, IRVING TX 75039