Golden Entertainment Inc (GDEN)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| Debt-to-capital 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 |
| 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 |
| Financial leverage ratio | 2.28 | 2.15 | 2.19 | 2.64 | 2.81 | 2.83 | 4.06 | 4.26 | 4.27 | 4.39 | 4.62 | 4.81 | 5.06 | 5.38 | 6.02 | 9.43 | 9.74 | 9.01 | 8.92 | 7.35 |
Based on the provided data, Golden Entertainment Inc's solvency ratios reflect a strong financial position with consistently low debt levels relative to its assets, capital, and equity.
The debt-to-assets ratio remained at 0.00 for all reported periods, indicating that the company has no long-term debt relative to its total assets. This suggests that Golden Entertainment Inc is financing its operations primarily through equity or short-term liabilities.
Similarly, the debt-to-capital and debt-to-equity ratios also remained at 0.00 consistently across all periods. These ratios further confirm that the company is not relying heavily on debt to fund its operations and investments, resulting in a strong capital structure and minimal financial risk.
The financial leverage ratio, which measures the extent to which the company is using debt to finance its assets, decreased significantly from 7.35 in March 2020 to 2.28 in December 2024. This downward trend indicates that Golden Entertainment Inc has been reducing its reliance on debt over time, which is a positive sign for long-term financial stability and resilience.
Overall, based on the solvency ratios analyzed, Golden Entertainment Inc appears to have a solid financial footing with a conservative capital structure and low debt burden relative to its assets, capital, and equity.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 1.09 | 0.79 | 7.31 | 6.47 | 6.07 | 6.06 | 1.95 | 2.22 | 2.33 | 2.42 | 2.58 | 3.73 | 3.57 | 2.90 | 2.33 | -0.42 | -0.98 | -0.80 | -0.77 | 0.13 |
The interest coverage ratio for Golden Entertainment Inc has shown significant fluctuations over the quarters analyzed. The ratio fell below 1 for several quarters, indicating that the company had insufficient earnings to cover its interest payments during those periods, which could raise concerns about its financial health and ability to meet its debt obligations. However, in more recent quarters, the interest coverage ratio has improved, surpassing 2 and even reaching above 6 in some quarters. This trend suggests that the company's earnings have strengthened, allowing it to more comfortably cover its interest expenses. It is important for investors and creditors to monitor Golden Entertainment Inc's interest coverage ratio to assess its financial sustainability and debt repayment capacity.