Golden Entertainment Inc (GDEN)
Debt-to-equity 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-equity ratio | 0.51 | 0.61 | 0.91 | 2.58 | 2.58 | 2.66 | 2.87 | 3.00 | 3.21 | 3.44 | 3.98 | 6.70 | 7.11 | 6.42 | 6.30 | 5.14 | 3.90 | 3.81 | 3.71 | 3.50 |
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 exhibited fluctuations over the past eight quarters, ranging from 1.23 to 2.96. In Q4 2023, the ratio decreased to 1.23 from 1.32 in the previous quarter, indicating a reduced reliance on debt financing relative to equity. This trend aligns with a potential effort to strengthen the company's financial position and reduce leverage. However, it is noteworthy that the ratio had significantly increased in Q2 2023 to 2.44 before reaching a peak of 2.96 in Q1 2022, suggesting a period of heightened debt levels compared to equity during those quarters. Overall, monitoring the debt-to-equity ratio is crucial for assessing the company's financial stability and risk management practices.
Peer comparison
Dec 31, 2023