Boyd Gaming Corporation (BYD)

Debt-to-equity 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-equity ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,581,510K
= 0.00

The debt-to-equity ratio for Boyd Gaming Corporation has been consistently reported as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt in relation to its equity during this period. A debt-to-equity ratio of 0.00 suggests that the company is using little to no debt to finance its operations and growth, relying more heavily on equity financing. This could be viewed positively by investors and creditors as it reflects a lower financial risk and a stronger financial position.