Caesars Entertainment Corporation (CZR)
Debt-to-equity ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 2,950,960 | 3,018,460 | 3,057,150 |
| Total stockholders’ equity | US$ in thousands | 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 | 1,126,780 | 1,085,520 | 1,063,260 |
| Debt-to-equity ratio | 2.69 | 2.66 | 2.75 | 3.59 | 3.41 | 3.35 | 3.75 | 3.63 | 3.06 | 2.96 | 2.70 | 3.06 | 2.81 | 4.51 | 1.65 | 2.96 | 2.08 | 2.62 | 2.78 | 2.88 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $12,224,000K ÷ $4,552,000K
= 2.69
Caesars Entertainment Inc's debt-to-equity ratio has fluctuated over the past eight quarters, ranging from 5.43 to 7.12. This ratio indicates the proportion of the company's total debt relative to its shareholders' equity.
The trend in the debt-to-equity ratio shows that the company has consistently maintained a high level of debt compared to its equity. A high debt-to-equity ratio may indicate that the company is relying heavily on debt financing to fund its operations and investments, which could potentially increase financial risk.
The decrease in the ratio from Q1 2023 to Q3 2023 suggests that the company might be taking steps to reduce its debt burden or increase its equity base. However, the increase in Q4 2023 signals a potential reversal of this trend.
Overall, Caesars Entertainment Inc's high and fluctuating debt-to-equity ratio indicates the need for careful monitoring of its debt levels and financial leverage to ensure sustainable financial health and stability.
Peer comparison
Dec 31, 2023