Live Nation Entertainment Inc (LYV)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | -17,148 | -367,569 | -582,651 | -471,772 | 1,145,820 |
| Debt-to-capital ratio | — | — | — | — | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $-17,148K)
= —
The debt-to-capital ratio of Live Nation Entertainment Inc has displayed a fluctuating trend over the past five years. The ratio stood at 0.74 in 2019, indicating a lower level of debt relative to capital. However, there was a notable increase in the ratio in the subsequent years, reaching 1.11 in 2021 and maintaining this level through 2023. This suggests a higher proportion of debt in the company's capital structure in recent years.
A debt-to-capital ratio of 1.00 as of December 31, 2023, indicates that the company's total debt forms 100% of its total capital. This level of indebtedness may pose risks in terms of financial stability and flexibility, as a higher proportion of debt suggests greater dependence on borrowed funds to finance operations and investments. It is essential for investors and stakeholders to monitor this ratio closely to assess Live Nation Entertainment Inc's leverage and risk management strategies.
Peer comparison
Dec 31, 2023