Light & Wonder Inc (LNW)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 765,000 | 990,000 | -2,256,000 | -2,653,000 | -2,108,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | — | — | — |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $765,000K)
= 0.00
The debt-to-capital ratio of Light & Wonder Inc has shown fluctuation over the past five years. It was 0.84 at the end of 2023, which indicates that 84% of the company's capital structure is funded by debt. In comparison to the previous year, the ratio has increased from 0.80 in 2022. This rise may suggest a higher reliance on debt financing in 2023.
Looking further back, the ratio was higher at 1.35 in 2021, 1.40 in 2020, and 1.34 in 2019. These values indicate that the company had a higher proportion of debt in its capital structure in those years compared to 2023.
The trend of the debt-to-capital ratio shows that the company has experienced fluctuations in its debt levels relative to its total capital over the past five years. It is important for stakeholders to monitor this ratio closely to assess the company's leverage and financial risk as it can impact the overall financial health and stability of Light & Wonder Inc.
Peer comparison
Dec 31, 2023