Golden Entertainment Inc (GDEN)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 474,227 | 537,733 | 352,920 | 319,541 | 161,262 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $474,227K)
= 0.00
The debt-to-capital ratio of Golden Entertainment Inc has consistently remained at 0.00 for the financial years ending on December 31, 2020, 2021, 2022, 2023, and 2024. This indicates that the company has not used any debt to finance its operations or investments during these years. A debt-to-capital ratio of 0.00 signifies that the company's capital structure is primarily composed of equity, which may imply a lower financial risk as there is no debt to be serviced. However, it is important to note that a zero debt-to-capital ratio may also indicate missed opportunities for leveraging debt for potential growth or tax benefits. Further analysis of the company's financial strategy and risk management practices is recommended to understand the rationale behind this consistent ratio.
Peer comparison
Dec 31, 2024