Caesars Entertainment Corporation (CZR)
Debt-to-equity 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-equity ratio | 2.89 | 2.69 | 3.41 | 3.06 | 2.81 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $12,033,000K ÷ $4,157,000K
= 2.89
The debt-to-equity ratio for Caesars Entertainment Corporation has been showing an increasing trend over the years, starting from 2.81 in 2020 and reaching 3.06 in 2021, 3.41 in 2022, before slightly decreasing to 2.69 in 2023 and then rising again to 2.89 in 2024. This indicates that the company has been relying more on debt financing compared to equity to support its operations and growth. Although the ratio fluctuates, it remains at a level where the company has a significant amount of debt relative to its equity. Investors and creditors may view this as a potential risk factor, as higher debt levels can increase financial leverage and operational vulnerability in uncertain economic conditions.
Peer comparison
Dec 31, 2024