Boyd Gaming Corporation (BYD)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 6,391,820 | 6,273,130 | 6,311,130 | 6,224,170 | 6,558,950 |
| Total stockholders’ equity | US$ in thousands | 1,581,510 | 1,744,100 | 1,590,620 | 1,538,750 | 1,123,940 |
| Financial leverage ratio | 4.04 | 3.60 | 3.97 | 4.04 | 5.84 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,391,820K ÷ $1,581,510K
= 4.04
The financial leverage ratio of Boyd Gaming Corporation has demonstrated a decreasing trend over the past five years, declining from 5.84 in December 31, 2020 to 4.04 in December 31, 2021, and further decreasing to 3.97 in December 31, 2022, and 3.60 in December 31, 2023. However, there was a slight increase to 4.04 in December 31, 2024.
This decreasing trend suggests that Boyd Gaming Corporation has been gradually reducing its reliance on debt financing in relation to equity, which could indicate improved financial stability and lower risk of financial distress. Lower financial leverage ratios generally indicate lower levels of debt relative to equity, providing the company with more flexibility to manage its debt obligations and financial risks.
Overall, the decreasing trend in Boyd Gaming Corporation's financial leverage ratio indicates a positive trajectory towards a more balanced capital structure and enhanced financial health.
Peer comparison
Dec 31, 2024