Golden Entertainment Inc (GDEN)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 276,453 | 335,461 | 335,461 | 910,461 | 910,461 | 937,461 | 962,500 | 1,000,000 | 1,025,000 | 1,050,000 | 1,100,000 | 1,147,000 | 1,147,000 | 1,147,000 | 1,147,000 | 1,329,560 | 1,130,370 | 1,129,070 | 1,123,440 | 1,104,960 |
| Total assets | US$ in thousands | 1,452,280 | 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 | 1,740,920 | 1,690,720 | 1,694,670 | 1,690,180 |
| Debt-to-assets ratio | 0.19 | 0.22 | 0.22 | 0.61 | 0.60 | 0.61 | 0.62 | 0.62 | 0.63 | 0.64 | 0.66 | 0.71 | 0.73 | 0.71 | 0.71 | 0.70 | 0.65 | 0.67 | 0.66 | 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 shown fluctuation over the past eight quarters. It decreased from 0.62 in Q1 2022 to 0.46 in Q4 2023, indicating a reduction in the proportion of debt relative to total assets during this period. However, it is important to note that this ratio increased to 0.60 in Q2 2023 and remained at that level for the subsequent quarters.
A debt-to-assets ratio of 0.60 suggests that 60% of the company's assets are financed through debt. This level of leverage may indicate moderate financial risk, as a higher ratio implies a greater reliance on borrowed funds to support operations and investments. It would be advisable for stakeholders to closely monitor the trend of this ratio and assess the company's ability to manage its debt levels effectively.
Peer comparison
Dec 31, 2023