Boyd Gaming Corporation (BYD)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 4.04 | 3.86 | 3.66 | 3.55 | 3.74 | 3.57 | 3.61 | 3.81 | 3.97 | 3.93 | 3.96 | 4.03 | 4.04 | 4.31 | 4.63 | 5.45 | 5.84 | 6.29 | 7.40 | 6.31 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,391,820K ÷ $1,581,510K
= 4.04
Boyd Gaming Corporation's financial leverage ratio has shown a declining trend from 6.31 as of March 31, 2020, to 4.04 as of December 31, 2021. This indicates a decrease in the company's reliance on debt to finance its operations and investments over the specified period. The decreasing trend in the financial leverage ratio suggests that Boyd Gaming Corporation has been able to reduce its debt levels relative to its equity, which can be viewed positively as it signifies improved financial stability and reduced risk of financial distress. Additionally, a lower financial leverage ratio implies lower financial risk and demonstrates the company's ability to meet its financial obligations using its own equity rather than borrowed funds. The company's financial leverage ratio remained relatively stable around 4 from December 31, 2021, to December 31, 2024, suggesting a consistent and prudent management of its capital structure. Overall, the downward trend in Boyd Gaming Corporation's financial leverage ratio indicates an improvement in its overall financial health and a more sustainable capital structure.
Peer comparison
Dec 31, 2024