Crane NXT Co (Crane NXT Co) Debt-to-Equity : 0.70 (As of Mar. 2024)

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What is Crane NXT Co Debt-to-Equity?

Crane NXT Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $38 Mil. Crane NXT Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $640 Mil. Crane NXT Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $964 Mil. Crane NXT Co's debt to equity for the quarter that ended in Mar. 2024 was 0.70.

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 Crane NXT Co's Debt-to-Equity or its related term are showing as below:

CXT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52 Med: 0.74 Max: 1.12
Current: 0.7

During the past 5 years, the highest Debt-to-Equity Ratio of Crane NXT Co was 1.12. The lowest was 0.52. And the median was 0.74.

CXT's Debt-to-Equity is ranked worse than
76.83% of 2624 companies
in the Industrial Products industry
Industry Median: 0.29 vs CXT: 0.70

Crane NXT Co Debt-to-Equity Historical Data

The historical data trend for Crane NXT Co'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.

Crane NXT Co Debt-to-Equity Chart

Crane NXT Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

0.87

0.52

1.12

0.72

Crane NXT Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								0.59	0.99	0.83	0.72	0.70

Competitive Comparison of Crane NXT Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Crane NXT Co'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.

Crane NXT Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Crane NXT Co's Debt-to-Equity distribution charts can be found below:

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

Crane NXT Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Crane NXT Co'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
	=	(11.8	+	682.9)	/	964
	=	0.72

Crane NXT Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(38.1	+	639.6)	/	964.1
	=	0.70

Crane NXT Co (NYSE:CXT) 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.

Crane NXT Co Debt-to-Equity Related Terms

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Crane NXT Co (Crane NXT Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Crane NXT Co (NYSE:CXT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 First Stamford Place, Stamford, CT, USA, 06902

Website

https://www.cranenxt.com

Crane NXT Co is a premier industrial technology company that provides proprietary and trusted technology solutions to secure, detect, and authenticate what matters most to its customers. It is a pioneer in advanced, proprietary micro-optics technology for securing physical products, and its sophisticated electronic equipment and associated software leverages proprietary core capabilities with detection and sensing technologies.

Executives

Kurt F. Gallo	officer: Sr. VP, Payment & Merch. Tech.	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Max H Mitchell	officer: VICE PRESIDENT - OP EX	CRANE CO, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Cristen L Kogl	director	3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
David D Petratis	director	1415 ROSELLE ROAD, PALATINE IL 60067
Marijane V. Papanikolaou	officer: V.P, Controller & CAO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Jennifer Kartono	officer: SVP, CHRO	950 WINTER STREET 4TH FLOOR, WALTHAM MA 02451
Bianca B. Shardelow	officer: VP, Controller & CAO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
William K Grogan	director	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Sanjay Kapoor	director	C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., 3801 SOUTH OLIVER STREET, WICHITA KS 67210
Paul Gerard Igoe	officer: SVP, General Counsel & Sec.	LYDALL, INC., ONE COLONIAL ROAD, MANCHESTER CT 06042
Crane Holdings, Co.	10 percent owner	CRANE NXT, CO., 950 WINTER STREET, 4TH FLOOR, WALTHAM MA 02451
Aaron W Saak	officer: CEO, Crane NXT	C/O VONTIER CORPORATION, 5438 WADE PARK BLVD., SUITE 600, RALEIGH NC 27607
Scott A. Grisham	officer: SVP Bus. Dev. & Strategy	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Tamara S. Polmanteer	officer: Senior Vice President, CHRO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
John S Stroup	director	1 N. BRENTWOOD BLVD., SUITE 1500, ST. LOUIS MO 63105