Caesars Entertainment Corporation (CZR)
Debt-to-capital ratio
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 12,033,000 | 12,434,000 | 12,171,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 4,157,000 | 4,178,000 | 4,404,000 | 4,552,000 | 4,604,000 | 4,545,000 | 3,597,000 | 3,713,000 | 3,838,000 | 3,649,000 | 3,785,000 | 4,480,000 | 4,890,000 | 5,134,000 | 4,613,000 | 5,016,000 | 3,370,000 | 1,616,450 | 940,209 | 1,117,000 |
| Debt-to-capital ratio | 0.74 | 0.75 | 0.73 | 0.73 | 0.73 | 0.73 | 0.78 | 0.77 | 0.77 | 0.79 | 0.78 | 0.75 | 0.75 | 0.73 | 0.75 | 0.74 | 0.82 | 0.62 | 0.75 | 0.68 |
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 some fluctuations over the period under review. The ratio was 0.68 as of December 31, 2019, indicating that 68% of the company's total capital was financed by debt. Subsequently, the ratio increased to 0.82 by September 30, 2020, indicating a higher reliance on debt for financing.
However, from December 31, 2020, to March 31, 2023, the ratio remained relatively stable around the range of 0.73 to 0.78, suggesting a balanced capital structure between debt and equity. From March 31, 2024, to December 31, 2024, the ratio fluctuated between 0.73 and 0.75, indicating a consistent level of debt used to finance the company's operations.
Overall, the debt-to-capital ratio of Caesars Entertainment Corporation has shown some variability but generally indicates a moderate level of debt used in the company's capital structure. It is important for investors and stakeholders to monitor this ratio to assess the company's leverage and financial risk.
Peer comparison
Dec 31, 2024