Golden Entertainment Inc (GDEN)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,079,910 | 1,101,580 | 1,181,220 | 1,501,930 | 1,513,070 | 1,544,660 | 1,494,250 | 1,499,880 | 1,508,670 | 1,547,670 | 1,546,850 | 1,604,140 | 1,615,560 | 1,644,270 | 1,664,700 | 1,615,190 | 1,570,950 | 1,608,930 | 1,623,940 | 1,902,270 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,079,910K
= 0.00
The debt-to-assets ratio of Golden Entertainment Inc has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has no debt obligations relative to its total assets during this period. A debt-to-assets ratio of 0.00 generally suggests that the company is not relying on debt financing to fund its operations and is entirely financed by equity. This can be viewed positively as it indicates a low financial risk and strong financial health, as the company is not burdened by interest payments and has a solid asset base.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Golden Entertainment Inc
GDEN
0.00
Madison Square Garden Sports Corp
MSGS
0.20
Vail Resorts Inc
MTN
0.48
Walt Disney Company
DIS
0.20