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