Golden Entertainment Inc (GDEN)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,079,910 | 1,452,280 | 1,508,670 | 1,615,560 | 1,570,950 |
| Total stockholders’ equity | US$ in thousands | 474,227 | 537,733 | 352,920 | 319,541 | 161,262 |
| Financial leverage ratio | 2.28 | 2.70 | 4.27 | 5.06 | 9.74 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,079,910K ÷ $474,227K
= 2.28
Golden Entertainment Inc's financial leverage ratio has shown a consistent decline over the past five years, reflecting an improving financial position in terms of leverage. The ratio decreased from 9.74 in December 2020 to 2.28 in December 2024, signifying a significant reduction in the company's reliance on debt to finance its operations. This trend indicates that the company has been able to lower its debt levels relative to its equity, which is generally viewed positively by investors and creditors as it suggests improved financial stability and lower risk. The decreasing trend in the financial leverage ratio suggests that Golden Entertainment Inc has been effectively managing its debt obligations and strengthening its balance sheet over the years.
Peer comparison
Dec 31, 2024