Light & Wonder Inc (LNW)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 5,552,000 | 5,887,000 | 5,962,000 | 6,022,000 | 6,009,000 | 6,246,000 | 6,481,000 | 7,952,000 | 7,883,000 | 7,850,000 | 7,762,000 | 7,856,000 | 7,984,000 | 8,102,000 | 7,844,000 | 7,458,000 | 7,809,000 | 7,907,000 | 7,932,000 | 8,837,000 |
| 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 |
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 been fluctuating over the past eight quarters, ranging from 0.60 to 1.11. In Q1 2022, the ratio was significantly higher at 1.11, indicating that the company had more debt relative to its assets at that time. However, since then, the company has managed to reduce its debt burden relative to its total assets.
From Q2 2022 to Q3 2023, the debt-to-assets ratio has generally trended downward, which suggests that the company has been improving its financial leverage and potentially strengthening its balance sheet. The ratio decreased gradually from 0.62 in Q2 2022 to 0.66 in Q3 2023. This downward trend indicates that Light & Wonder Inc has been managing its debt levels effectively and may be reducing its financial risk over time.
While the debt-to-assets ratio increased slightly in Q4 2023 to 0.70, it is still within a relatively stable range compared to previous quarters. Overall, the data shows that Light & Wonder Inc has been working to maintain a healthy balance between debt and assets, which is crucial for financial stability and sustainable growth.
Peer comparison
Dec 31, 2023