Golden Entertainment Inc (GDEN)

Debt-to-equity 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-equity ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $474,227K
= 0.00

The debt-to-equity ratio of Golden Entertainment Inc has been consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has been utilizing minimal debt in its capital structure relative to its equity. A debt-to-equity ratio of 0.00 typically signifies that the company has no debt or a negligible amount of debt compared to its equity. This low ratio suggests that Golden Entertainment Inc relies more on equity financing than debt financing, which could imply lower financial risk and a stronger financial position.

Peer comparison

Dec 31, 2024

Company name

Symbol

Debt-to-equity ratio

Golden Entertainment Inc

GDEN

0.00

Madison Square Garden Sports Corp