Boyd Gaming Corporation (BYD)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,581,510 | 1,631,800 | 1,711,710 | 1,754,960 | 1,744,100 | 1,768,480 | 1,748,810 | 1,660,970 | 1,590,620 | 1,540,800 | 1,529,160 | 1,551,130 | 1,538,750 | 1,507,940 | 1,358,270 | 1,230,720 | 1,123,940 | 1,043,910 | 1,005,480 | 1,111,770 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,581,510K
= 0.00
Boyd Gaming Corporation has consistently maintained a debt-to-equity ratio of 0.00 for the period spanning from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations and growth, relying solely on equity financing. A debt-to-equity ratio of 0.00 signifies a conservative financial structure with no financial leverage, suggesting lower financial risk and a possibly more stable financial position. However, it's essential to consider that a very low debt-to-equity ratio may also indicate missed opportunities for leveraging debt for potential growth or tax advantages.
Peer comparison
Dec 31, 2024