Light & Wonder Inc (LNW)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	765,000	959,000	1,048,000	1,008,000	990,000	1,071,000	811,000	-2,289,000	-2,256,000	-2,335,000	-2,509,000	-2,656,000	-2,653,000	-2,541,000	-2,479,000	-2,358,000	-2,108,000	-2,125,000	-2,118,000	-2,423,000
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	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 been relatively stable over the past eight quarters, ranging from 0.78 to 0.84. This ratio measures the proportion of the company's capital structure that is financed by debt, with higher ratios indicating a greater reliance on debt financing.

The company's debt-to-capital ratio in Q4 2023 was 0.84, showing a slight increase compared to the previous quarter but still within the historical range. This suggests that Light & Wonder Inc continues to maintain a significant portion of its capital structure through debt funding.

Overall, the trend in the debt-to-capital ratio indicates a consistent level of debt utilization by the company. It is essential for stakeholders to monitor this ratio to assess the company's financial leverage and risk profile, as significant changes in the ratio could impact the company's financial stability and performance.