Golden Entertainment Inc (GDEN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 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 | 289,744 | 296,211 | 303,089 | 315,322 |
| Debt-to-capital ratio | 0.34 | 0.38 | 0.48 | 0.72 | 0.72 | 0.73 | 0.74 | 0.75 | 0.76 | 0.77 | 0.80 | 0.87 | 0.88 | 0.87 | 0.86 | 0.84 | 0.80 | 0.79 | 0.79 | 0.78 |
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 over the past eight quarters has shown fluctuations. The ratio decreased from 0.75 in Q1 2022 to 0.55 in Q4 2023. This indicates a reduction in the proportion of debt in the company's capital structure relative to equity over this period.
However, there were fluctuations in between, with the ratio peaking at 0.74 in Q2 2022 and then gradually declining before a sudden drop from Q3 2023 to Q4 2023. Overall, Golden Entertainment Inc has shown some variability in its debt-to-capital ratio, potentially reflecting changes in its financing decisions and business operations over the quarters analyzed.
Peer comparison
Dec 31, 2023