Golden Entertainment Inc (GDEN)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $474,227K
= 0.00
The debt-to-equity ratio of Golden Entertainment Inc has consistently remained at 0.00 over the period from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations and investments during this timeframe. A debt-to-equity ratio of zero signifies that the company has entirely relied on equity financing, which can be interpreted positively as it implies lower financial risk and a healthier financial position. It suggests that the company has a strong equity base to support its business activities without having to incur debt obligations. However, it is also important to consider that a zero debt-to-equity ratio may limit the company's ability to leverage debt for potential growth opportunities or tax advantages. Ultimately, the consistent zero debt-to-equity ratio reflects Golden Entertainment Inc's conservative financial strategy and stable capital structure throughout the analyzed period.
Peer comparison
Dec 31, 2024