Boyd Gaming Corporation (BYD)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,581,510 | 1,744,100 | 1,590,620 | 1,538,750 | 1,123,940 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,581,510K)
= 0.00
Based on the data provided, Boyd Gaming Corporation's debt-to-capital ratio has been consistently at 0.00 from December 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has not used any debt financing to fund its operations, and instead, its capital structure is entirely composed of equity. This can be seen as a positive sign as it suggests that the company has a conservative financial strategy and is not overly reliant on debt to support its business activities. Boyd Gaming Corporation's stable debt-to-capital ratio over the years may indicate strong financial stability and a healthy balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2024