Golden Entertainment Inc (GDEN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 537,733 | 352,920 | 319,541 | 161,262 | 289,744 |
| Debt-to-capital ratio | 0.34 | 0.72 | 0.76 | 0.88 | 0.80 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $276,453K ÷ ($276,453K + $537,733K)
= 0.34
The debt-to-capital ratio of Golden Entertainment Inc has exhibited a declining trend over the past five years, indicating an improvement in the company's overall financial structure. As of December 31, 2023, the ratio stood at 0.55, which is notably lower than the ratios of 0.72 in 2022, 0.76 in 2021, 0.88 in 2020, and 0.80 in 2019. This suggests that the company's reliance on debt relative to its total capital has decreased, which can be seen as a positive sign of financial health. A lower debt-to-capital ratio generally indicates lower financial risk and greater financial stability for the company.
Peer comparison
Dec 31, 2023