Golden Entertainment Inc (GDEN)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,452,280 | 1,508,670 | 1,615,560 | 1,570,950 | 1,740,920 |
| Total stockholders’ equity | US$ in thousands | 537,733 | 352,920 | 319,541 | 161,262 | 289,744 |
| Financial leverage ratio | 2.70 | 4.27 | 5.06 | 9.74 | 6.01 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,452,280K ÷ $537,733K
= 2.70
The financial leverage ratio of Golden Entertainment Inc has exhibited fluctuations over the past five years. The ratio was 2.70 at the end of 2023, reflecting a decrease from the previous year. This suggests that the company relied less on debt financing in 2023 compared to 2022. However, the ratio is still higher than the levels observed in 2021 and 2020, indicating that the company's debt levels relative to its equity remain elevated. In 2023, Golden Entertainment Inc appears to have a moderate level of financial leverage, implying a balance between debt and equity in its capital structure. Further analysis of the company's debt management and overall financial health may be warranted to assess the implications of this leverage ratio on its operations and growth prospects.
Peer comparison
Dec 31, 2023