Light & Wonder Inc (LNW)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 5,552,000 | 6,009,000 | 7,883,000 | 7,984,000 | 7,809,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,552,000K
= 0.00
The debt-to-assets ratio of Light & Wonder Inc has displayed some fluctuation over the past five years.
- In 2023, the ratio stood at 0.70, indicating that 70% of the company's assets were financed through debt.
- In 2022, the ratio was slightly lower at 0.65, suggesting a decrease in reliance on debt for financing assets compared to the previous year.
- The ratio increased notably in 2021 to 1.10, implying a significant rise in the proportion of assets financed by debt.
- Similarly, in 2020, the ratio was 1.17, indicating a further increase in the utilization of debt for asset financing.
- In 2019, the ratio was slightly lower at 1.12, maintaining a relatively high level of reliance on debt for asset funding.
Overall, the trend indicates some volatility in the company's debt-to-assets ratio, with periods of both increase and decrease. This suggests varying levels of leverage and financial risk in the company's capital structure over the years. Further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of Light & Wonder Inc's financial leverage position.
Peer comparison
Dec 31, 2023