Caesars Entertainment Corporation (CZR)
Debt-to-equity 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-equity ratio | 2.69 | 3.41 | 3.06 | 2.81 | 2.08 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $12,224,000K ÷ $4,552,000K
= 2.69
The debt-to-equity ratio of Caesars Entertainment Inc has exhibited fluctuations over the past five years. It stood at 5.50 in 2023, showing a decrease from 6.83 in 2022, 5.85 in 2021, and 5.27 in 2020. However, it was notably higher than the ratio of 3.17 recorded in 2019. These changes suggest varying levels of leverage employed by the company to finance its operations and investments. A higher ratio indicates a greater reliance on debt financing, which may pose higher financial risks but potentially lead to higher returns. Conversely, a lower ratio may indicate a more conservative capital structure. It is important for stakeholders to closely monitor the debt-to-equity ratio over time to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2023