Live Nation Entertainment Inc (LYV)

Debt-to-assets ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Long-term debt US$ in thousands
Total assets US$ in thousands 19,074,000 16,460,800 14,402,300 10,589,300 10,975,600
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $19,074,000K
= 0.00

The debt-to-assets ratio of Live Nation Entertainment Inc has been fluctuating over the past five years. It decreased from 0.46 in 2020 to 0.30 in 2019, indicating a lower level of debt relative to assets. However, there was an increase in this ratio to 0.40 in 2021 and further to 0.36 in 2022. This suggests a higher proportion of debt in relation to assets during these years. Notably, in 2023, the ratio declined slightly to 0.35. Overall, the trend in the debt-to-assets ratio implies that Live Nation Entertainment Inc has been managing its debt levels relative to its asset base, with some fluctuations seen in recent years. A lower ratio is generally more favorable as it indicates less financial risk associated with higher debt levels.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-assets ratio
Live Nation Entertainment Inc
LYV
0.00
Six Flags Entertainment Corporation
FUN
0.00
TKO Group Holdings Inc.
TKO
0.21
Warner Music Group
WMG
0.46