Caesars Entertainment Corporation (CZR)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 32,590,000 | 32,969,000 | 33,059,000 | 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 |
| 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 |
| Financial leverage ratio | 7.84 | 7.89 | 7.51 | 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 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $32,590,000K ÷ $4,157,000K
= 7.84
The financial leverage ratio of Caesars Entertainment Corporation has shown fluctuations over the past few years, ranging from 3.80 to 10.75.
At the end of December 2019, the financial leverage ratio stood at 5.05, indicating a moderate level of leverage. However, this ratio increased significantly to 10.75 by the end of September 2020, suggesting a substantial increase in the company's reliance on debt to finance its operations.
Subsequently, the financial leverage ratio gradually decreased and ranged between 7.25 to 9.79 over the following quarters, indicating a mix of debt and equity financing in the company's capital structure.
By December 2024, the financial leverage ratio had stabilized around the range of 7.33 to 7.84, showing a more balanced level of leverage compared to the peak observed in 2020.
Overall, the trend in Caesars Entertainment Corporation's financial leverage ratio reflects fluctuations in the company's debt levels and capital structure over the analyzed period.
Peer comparison
Dec 31, 2024