Crown Holdings (LTS:0I4X) LT-Debt-to-Total-Asset : 0.46 (As of Mar. 2024)

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What is Crown Holdings LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Crown Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.46.

Crown Holdings's long-term debt to total assets ratio declined from Mar. 2023 (0.50) to Mar. 2024 (0.46). It may suggest that Crown Holdings is progressively becoming less dependent on debt to grow their business.

Crown Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Crown Holdings's LT-Debt-to-Total-Asset 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.

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Crown Holdings LT-Debt-to-Total-Asset Chart

Crown Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.52

0.49

0.45

0.49

0.46

Crown Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.50	0.49	0.45	0.46	0.46

Crown Holdings LT-Debt-to-Total-Asset Calculation

Crown Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	6879	/	15034
	=	0.46

Crown Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	6797	/	14691
	=	0.46

Crown Holdings (LTS:0I4X) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Crown Holdings LT-Debt-to-Total-Asset Related Terms

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Crown Holdings (LTS:0I4X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Crown Holdings Inc (LTS:0I4X) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CCK:USA CCK:Mexico CWN:Germany

Address

14025 Riveredge Drive, Suite 300, Tampa, FL, USA, 33637-2015

Website

https://www.crowncork.com

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.

Crown Holdings (LTS:0I4X) Headlines

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