Caesars Entertainment Corporation (CZR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,157,000 | 4,552,000 | 3,713,000 | 4,480,000 | 5,016,000 |
| Debt-to-capital ratio | 0.74 | 0.73 | 0.77 | 0.75 | 0.74 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $12,033,000K ÷ ($12,033,000K + $4,157,000K)
= 0.74
The debt-to-capital ratio of Caesars Entertainment Corporation has shown a fluctuating trend over the past five years. Starting at 0.74 in December 31, 2020, the ratio increased to 0.75 by December 31, 2021, and further rose to 0.77 by December 31, 2022. However, in the following year, it decreased to 0.73 by December 31, 2023, before returning to 0.74 by December 31, 2024. Overall, the company's reliance on debt in its capital structure has remained relatively stable around the 0.74 to 0.77 range throughout the period under review.
The debt-to-capital ratio is an important indicator of a company's financial health and risk profile, as it provides insight into the proportion of a company's capital that is financed by debt. It is essential for investors and stakeholders to monitor this ratio as fluctuations may signal changes in the company's leverage and potential risk exposure.
Peer comparison
Dec 31, 2024