Golden Entertainment Inc (GDEN)

Debt-to-capital 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 stockholders’ equity US$ in thousands 474,227 513,132 539,032 569,622 537,733 545,584 368,044 352,473 352,920 352,202 335,028 333,258 319,541 305,419 276,687 171,213 161,262 178,574 182,040 258,851
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $474,227K)
= 0.00

The debt-to-capital ratio for Golden Entertainment Inc has consistently remained at 0.00% throughout the period from March 31, 2020, to December 31, 2024. This indicates that the company has not had any debt in its capital structure during this period. A debt-to-capital ratio of 0.00% signifies that the company's total debt is insignificant or non-existent compared to its total capital, which includes debt and equity. It suggests that the company has been financing its operations primarily through equity or retained earnings rather than taking on debt. While a low or zero debt-to-capital ratio can indicate financial stability and less financial risk, it is essential to consider the potential limitations of relying solely on equity financing, such as missed opportunities for tax benefits associated with debt financing or constraints on the company's growth and investment capabilities.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-capital ratio
Golden Entertainment Inc
GDEN
0.00
Madison Square Garden Sports Corp
MSGS
31.65
Vail Resorts Inc
MTN
0.79
Walt Disney Company
DIS
0.28