Light & Wonder Inc (LNW)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 fluctuating over the past eight quarters. In Q3 2023, the ratio decreased to 4.04 from 5.06 in Q4 2023, indicating a reduction in financial leverage. This downward trend continued from Q2 2023, where the ratio was 3.71.
Comparing the latest ratios to Q4 2022 and Q1 2022, there has been a notable decrease in the debt-to-equity ratio. Q4 2022 had a ratio of 3.93, Q1 2022 had a ratio of 3.86, and the latest ratio in Q3 2023 was 4.04. This could suggest that the company has been actively managing its debt and equity levels.
In Q2 2022, the ratio was relatively high at 4.81, but from Q3 2022 onwards, there was a consistent decrease in the ratio until Q3 2023. The absence of data for Q1 2022 indicates the need for caution when making comparisons with Q1 2023 and subsequent periods.
Overall, the downward trend in the debt-to-equity ratio suggests that Light & Wonder Inc has been reducing its reliance on debt financing in relation to equity, which could indicate a strengthening financial position and improved solvency. It is essential for stakeholders to continue monitoring these ratios to assess the company's financial health and risk management strategies.
Peer comparison
Dec 31, 2023