Live Nation Entertainment Inc (LYV)
Debt-to-capital ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | -17,148 | 221,751 | -187,377 | -460,846 | -367,569 | -74,560 | -410,164 | -517,817 | -582,651 | -404,844 | -912,762 | -730,560 | -471,772 | -99,430 | 341,925 | 859,354 | 1,145,820 | 1,287,270 | 1,174,140 | 1,043,210 |
| Debt-to-capital ratio | — | 0.00 | — | — | — | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 shown some fluctuations over the past eight quarters. It was relatively stable around 1.00 in the fourth quarter of 2022 and the first quarter of 2023, indicating that the company's total debt was equivalent to its total capital during those periods.
However, the debt-to-capital ratio slightly decreased to 0.97 in the third quarter of 2023 before increasing to 1.03 in the second quarter and further to 1.07 in the first quarter of 2023. These increases suggest that the company took on more debt relative to its total capital in these quarters, potentially indicating increased leverage or borrowing activities.
Comparing these figures to the debt-to-capital ratios in the second half of 2022, which were also above 1.00, we can see a trend of rising leverage over these quarters. This trend may raise concerns about the company's financial risk and ability to meet its debt obligations in the future.
Overall, the fluctuating debt-to-capital ratio of Live Nation Entertainment Inc indicates variations in its capital structure and debt management strategies over the analyzed periods. Further analysis and consideration of additional financial metrics are recommended to gain a more comprehensive understanding of the company's financial health and performance.
Peer comparison
Dec 31, 2023