Live Nation Entertainment Inc (LYV)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 19,074,000 | 16,460,800 | 14,402,300 | 10,589,300 | 10,975,600 |
| Total stockholders’ equity | US$ in thousands | -17,148 | -367,569 | -582,651 | -471,772 | 1,145,820 |
| Financial leverage ratio | — | — | — | — | 9.58 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $19,074,000K ÷ $-17,148K
= —
The financial leverage ratio for Live Nation Entertainment Inc is not provided for the years ending Dec 31, 2023, 2022, 2021, and 2020. However, for the year ending Dec 31, 2019, the financial leverage ratio was 9.58. This indicates that the company had a higher level of financial leverage in 2019, implying that a significant portion of its assets were funded by debt compared to equity. Without the ratios for the other years, it is challenging to assess the trend in the company's financial leverage over time. A decreasing trend in the financial leverage ratio would suggest a reduction in the company's reliance on debt to finance its operations and investments, which may be a positive signal for its financial health and stability. However, further years' data would be needed to draw more concrete conclusions about Live Nation Entertainment Inc's leverage position.
Peer comparison
Dec 31, 2023