Golden Entertainment Inc (GDEN)
Debt-to-equity 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-equity ratio | 0.51 | 2.58 | 3.21 | 7.11 | 3.90 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $276,453K ÷ $537,733K
= 0.51
The debt-to-equity ratio of Golden Entertainment Inc has fluctuated over the last five years. In 2023, the ratio stood at 1.23, indicating that for every dollar of equity, the company had $1.23 in debt. This represents a significant improvement from the previous year, 2022, when the ratio was much higher at 2.55.
Looking further back, the trend shows that the company's debt levels relative to equity have varied significantly. In 2021, the ratio was 3.17, in 2020 it was 7.06, and in 2019 it was 3.93. These figures suggest that Golden Entertainment Inc has experienced fluctuations in its debt and equity structure over the years, with varying levels of leverage employed in its capital structure.
The downward trend in the debt-to-equity ratio from 2022 to 2023 indicates a potential improvement in the company's financial leverage and risk profile. However, it is essential to monitor this ratio closely to ensure that the company maintains a healthy balance between debt and equity to support its operations and growth in the long term.
Peer comparison
Dec 31, 2023