Caesars Entertainment Corporation (CZR)

Financial leverage 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
Total assets	US$ in thousands	33,366,000	33,229,000	33,478,000	33,349,000	33,527,000	33,594,000	36,670,000	37,073,000	38,031,000	38,962,000	38,816,000	36,019,000	36,385,000	36,239,000	6,148,450	5,891,170	5,641,000	6,081,240	6,082,000	5,640,550
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
Financial leverage ratio		7.33	7.22	7.37	9.27	9.03	8.75	10.05	9.79	8.49	7.97	7.56	7.81	7.25	10.75	3.80	6.27	5.05	5.40	5.60	5.30

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $33,366,000K ÷ $4,552,000K
= 7.33

The financial leverage ratio of Caesars Entertainment Inc has shown fluctuations over the quarters provided. The ratio was highest in Q1 2023 at 9.27 and lowest in Q3 2023 at 7.22. Overall, the company's financial leverage ratio has been on a decreasing trend since Q1 2023, indicating a reduction in the company's reliance on debt to finance its operations. However, the ratio remains relatively high, with values consistently above 7, suggesting that Caesars Entertainment Inc has a significant amount of debt in its capital structure. It is important for stakeholders to closely monitor the company's leverage levels to ensure they are sustainable and in line with the company's overall financial health and stability.