Caesars Entertainment Corporation (CZR)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	12,224,000	12,230,000	12,480,000	12,904,000	12,659,000	12,857,000	13,668,000	13,741,000	13,722,000	14,453,000	13,838,000	14,103,000	14,073,000	15,203,000	2,670,740	2,780,690	2,325,000	2,950,960	3,018,460	3,057,150
Total assets	US$ in thousands	33,366,000	33,229,000	33,478,000	33,349,000	33,527,000	33,594,000	36,670,000	37,073,000	38,031,000	38,962,000	38,816,000	36,019,000	36,385,000	36,239,000	6,148,450	5,891,170	5,641,000	6,081,240	6,082,000	5,640,550
Debt-to-assets ratio		0.37	0.37	0.37	0.39	0.38	0.38	0.37	0.37	0.36	0.37	0.36	0.39	0.39	0.42	0.43	0.47	0.41	0.49	0.50	0.54

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $12,224,000K ÷ $33,366,000K
= 0.37

The debt-to-assets ratio for Caesars Entertainment Inc has remained relatively stable over the past eight quarters, ranging between 0.71 and 0.77. This indicates that, on average, the company's debt level represents approximately 75% of its total assets during this period. A ratio of 0.75 suggests that the company finances a significant portion of its assets through debt rather than equity.

While the ratio has shown some minor fluctuations, it generally indicates a moderate level of leverage in Caesars Entertainment's capital structure. A consistent ratio around 0.75 suggests that the company has maintained a relatively balanced mix of debt and assets over the quarters analyzed.

It is important to monitor this ratio over time to assess the company's ability to meet its debt obligations and manage financial risk. Overall, based on the trend observed, Caesars Entertainment Inc appears to be maintaining a stable debt-to-assets ratio in the recent quarters.