Golden Entertainment Inc (GDEN)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 276,453 | 910,461 | 1,025,000 | 1,147,000 | 1,130,370 |
| Total assets | US$ in thousands | 1,452,280 | 1,508,670 | 1,615,560 | 1,570,950 | 1,740,920 |
| Debt-to-assets ratio | 0.19 | 0.60 | 0.63 | 0.73 | 0.65 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $276,453K ÷ $1,452,280K
= 0.19
The debt-to-assets ratio of Golden Entertainment Inc has improved over the past five years, indicating a decreasing trend in the company's reliance on debt financing compared to its total assets. As of Dec 31, 2023, the ratio stands at 0.46, down from 0.60 in the previous year and significantly lower than the ratios of 0.63, 0.72, and 0.65 reported in 2021, 2020, and 2019, respectively.
This favorable trend suggests that Golden Entertainment Inc has been successful in managing its debt levels relative to its assets, potentially reducing its financial risk and enhancing its overall financial health. The decreasing debt-to-assets ratio may indicate improved profitability, effective cost management, or better utilization of assets to generate revenue. Overall, the declining trend in the debt-to-assets ratio reflects positively on the company's financial stability and efficiency in capital structure management.
Peer comparison
Dec 31, 2023