Light & Wonder Inc (LNW)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — | — | — |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — | — | — |
| 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 | — | — | — | — | — | — | — | — | — |
Light & Wonder Inc has consistently maintained a debt-to-assets ratio of 0.00 over the years, indicating a strong financial position with no long-term debt relative to its total assets. The debt-to-capital ratio has also been stable at 0.00 since June 30, 2022, showing that the company's capital structure is primarily equity-based. The debt-to-equity ratio has mirrored these ratios, also remaining at 0.00 during the same period.
The financial leverage ratio, which was not available until June 30, 2022, showed a slight increase from 5.83 to 8.52 by December 31, 2024. This indicates that the company's reliance on debt to finance its operations has increased slightly over time, but overall remains within reasonable limits.
In conclusion, Light & Wonder Inc demonstrates strong solvency ratios, with minimal debt levels and a mostly equity-funded capital structure, providing a stable foundation for the company's financial health.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.28 | 2.13 | 2.12 | 1.83 | 1.61 | 1.52 | 2.37 | 13.87 | 12.28 | 10.51 | 8.36 | 0.53 | 0.23 | 0.20 | 0.06 | -0.18 | -0.25 | -0.43 | -0.09 | 0.24 |
Based on the data provided, the interest coverage ratio of Light & Wonder Inc has shown significant fluctuations over the years.
The interest coverage ratio, which measures the company's ability to cover its interest expenses with its operating income, was extremely low in the period from March 31, 2020, to June 30, 2021, indicating that the company may have had difficulty meeting its interest obligations with its operating earnings during this time.
However, starting from September 30, 2021, the interest coverage ratio began to improve and continued to increase steadily through the end of December 31, 2024. This improvement suggests that the company's operating income became more sufficient to cover its interest expenses over this period.
Notably, there was a significant spike in the interest coverage ratio between June 30, 2022, and March 31, 2023, indicating a strong improvement in the company's ability to cover its interest costs during this time frame.
Overall, the trend in Light & Wonder Inc's interest coverage ratio shows a positive trajectory from a period of financial challenge to a more stable position, reflecting a better ability to meet its interest obligations with its operating income.