Light & Wonder Inc (LNW)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 5,421,000 | 5,596,000 | 5,538,000 | 5,588,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 636,000 | 858,000 | 786,000 | 835,000 | 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 |
| Financial leverage ratio | 8.52 | 6.52 | 7.05 | 6.69 | 7.26 | 6.14 | 5.69 | 5.97 | 6.07 | 5.83 | 7.99 | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,421,000K ÷ $636,000K
= 8.52
The financial leverage ratio of Light & Wonder Inc has shown fluctuations over the past several quarters. The ratio was not available until the June 30, 2022, reporting period, where it stood at 7.99. Subsequently, the ratio decreased to 5.83 by September 30, 2022, indicating a reduction in the company's reliance on debt to finance its operations.
The ratio continued to vary over the following quarters, with values of 6.07, 5.97, 5.69, and 6.14 reported for December 31, 2022, March 31, 2023, June 30, 2023, and September 30, 2023, respectively. This suggests that the company's capital structure has been adjusting, potentially aligning with changing business strategies or market conditions.
For the most recent periods, the financial leverage ratio increased to 7.26 by December 31, 2023, and further to 6.69 by March 31, 2024. Notably, the ratio rose sharply to 7.05 by June 30, 2024, indicating a potential increase in debt usage compared to the prior quarter. Finally, by September 30, 2024, the ratio decreased to 6.52 before rising again to 8.52 by December 31, 2024.
Overall, the financial leverage ratio of Light & Wonder Inc has displayed fluctuations, suggesting varying levels of debt utilization and capital structure adjustments over the covered periods. Investors and stakeholders may monitor these changes to assess the company's financial risk and stability in the future.
Peer comparison
Dec 31, 2024