Caesars Entertainment Corporation (CZR)
Debt-to-equity 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-equity ratio | 2.89 | 2.98 | 2.76 | 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 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $12,033,000K ÷ $4,157,000K
= 2.89
Caesars Entertainment Corporation's debt-to-equity ratio has shown fluctuations over the period from December 31, 2019, to December 31, 2024. The ratio indicates the proportion of the company's debt relative to its equity.
At the beginning of the period, as of December 31, 2019, the debt-to-equity ratio was 2.08, suggesting that the company had relatively higher debt compared to its equity. This ratio increased to 4.51 by September 30, 2020, indicating a significant increase in debt levels relative to equity.
However, from September 30, 2020, to June 30, 2022, the debt-to-equity ratio gradually decreased, indicating a reduction in the company's debt burden relative to equity. Despite some fluctuations, the ratio generally stayed above 2.00 during this period, signifying that Caesars Entertainment Corporation had more debt than equity.
As of December 31, 2024, the debt-to-equity ratio stood at 2.89, suggesting that the company's debt level was still relatively high compared to its equity. Overall, the trend in the debt-to-equity ratio of Caesars Entertainment Corporation reflects some volatility but generally indicates a considerable reliance on debt to finance its operations and growth.
Peer comparison
Dec 31, 2024