Boyd Gaming Corporation (BYD)
Debt-to-assets ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 6,391,820 | 6,302,430 | 6,261,420 | 6,227,890 | 6,522,980 | 6,311,610 | 6,304,480 | 6,324,590 | 6,311,130 | 6,055,870 | 6,050,150 | 6,250,420 | 6,224,170 | 6,500,120 | 6,291,910 | 6,703,450 | 6,558,950 | 6,567,640 | 7,436,020 | 7,016,860 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,391,820K
= 0.00
The debt-to-assets ratio for Boyd Gaming Corporation has consistently been 0.00 from March 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt relative to its total assets during this period. This suggests that Boyd Gaming Corporation has been operating with a low level of financial leverage, which can be viewed positively as it indicates a lower risk of financial distress due to debt obligations. It also implies that the company may have been funding its operations and investments largely through equity financing rather than debt financing.
Peer comparison
Dec 31, 2024