Caesars Entertainment Corporation (CZR)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 12,033,000 | 12,224,000 | 12,659,000 | 13,722,000 | 14,073,000 |
| Total assets | US$ in thousands | 32,590,000 | 33,366,000 | 33,527,000 | 38,031,000 | 36,385,000 |
| Debt-to-assets ratio | 0.37 | 0.37 | 0.38 | 0.36 | 0.39 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $12,033,000K ÷ $32,590,000K
= 0.37
The debt-to-assets ratio of Caesars Entertainment Corporation has exhibited a consistent trend over the past five years. As of December 31, 2020, the ratio stood at 0.39, indicating that 39% of the company's assets were financed through debt. Subsequently, there was a slight decrease to 0.36 by December 31, 2021, followed by a marginal increase to 0.38 by December 31, 2022. In the most recent years, the ratio remained stable at 0.37 as of both December 31, 2023, and December 31, 2024.
The trend suggests that Caesars Entertainment Corporation has been effectively managing its debt obligations relative to its total assets. A decreasing ratio can indicate improved financial stability and reduced reliance on debt financing, while a stable ratio demonstrates a consistent balance between debt and assets. This stability in the debt-to-assets ratio indicates that the company has maintained a prudent level of debt utilization in its capital structure over the analyzed period.
Peer comparison
Dec 31, 2024