Light & Wonder Inc (LNW)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | — | — | — |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $765,000K
= 0.00
The debt-to-equity ratio of Light & Wonder Inc has been increasing consistently over the years, indicating a growing reliance on debt financing compared to equity funding. As of December 31, 2023, the ratio stands at 5.06, reflecting a significant increase from the prior year's 3.93. This trend suggests that the company's financial structure is becoming more leveraged, which may pose risks related to debt repayment and financial stability. The absence of data for 2021 and 2020 prevents a detailed year-on-year comparison, but the upward trajectory of the ratio over the available period raises concerns about the company's debt management strategy and its potential impact on overall financial health.
Peer comparison
Dec 31, 2023