Caesars Entertainment Corporation (CZR)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 12,224,000 | 12,659,000 | 13,722,000 | 14,073,000 | 2,325,000 |
| Total stockholders’ equity | US$ in thousands | 4,552,000 | 3,713,000 | 4,480,000 | 5,016,000 | 1,117,000 |
| Debt-to-capital ratio | 0.73 | 0.77 | 0.75 | 0.74 | 0.68 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $12,224,000K ÷ ($12,224,000K + $4,552,000K)
= 0.73
Caesars Entertainment Inc's debt-to-capital ratio has exhibited fluctuations over the past five years. The ratio stood at 0.85 as of December 31, 2023, showing a slight decrease from the previous year's ratio of 0.87. This suggests that the company's reliance on debt in its capital structure has marginally decreased.
Comparing to the ratios from 2021 and 2020, where the ratio was 0.85 and 0.84 respectively, there seems to be overall stability in the company's debt-to-capital structure in recent years. However, it is worth noting that there was a notable increase from the 2019 ratio of 0.76 to the current levels, indicating a higher proportion of debt in the company's capital structure over this period.
Overall, while the debt-to-capital ratio for Caesars Entertainment Inc has fluctuated slightly in recent years, it is essential for stakeholders to monitor this metric to assess the company's leverage and financial risk.
Peer comparison
Dec 31, 2023