Live Nation Entertainment Inc (LYV)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 19,638,800 | 19,747,100 | 20,454,000 | 20,030,200 | 19,074,000 | 19,140,600 | 19,925,100 | 18,869,600 | 16,460,800 | 15,787,000 | 16,421,000 | 16,006,600 | 14,402,300 | 13,330,700 | 12,245,700 | 10,919,600 | 10,589,300 | 10,885,400 | 11,622,300 | 11,861,400 |
| Total stockholders’ equity | US$ in thousands | 173,263 | 287,966 | -43,267 | -114,832 | -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 |
| Financial leverage ratio | 113.35 | 68.57 | — | — | — | 86.32 | — | — | — | — | — | — | — | — | — | — | — | — | 33.99 | 13.80 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $19,638,800K ÷ $173,263K
= 113.35
The financial leverage ratio for Live Nation Entertainment Inc shows significant variability over the periods provided.
As of March 31, 2020, the financial leverage ratio was 13.80, indicating a moderate level of leverage. However, by June 30, 2020, the ratio increased substantially to 33.99, suggesting a significant increase in financial leverage potentially due to changes in the company's capital structure or debt levels.
Subsequently, the financial leverage ratio data is missing for the remaining quarters of 2020 and all quarters of 2021 and 2022, making it difficult to assess the company's leverage position during these periods.
Returning to the data available, as of September 30, 2023, the financial leverage ratio spiked to 86.32, signifying a high level of debt relative to equity. This sharp increase in leverage could indicate a strategic decision to take on more debt or challenges in generating sufficient operating cash flow.
Furthermore, by September 30, 2024, the financial leverage ratio decreased to 68.57, suggesting a slight reduction in leverage compared to the previous period. However, the ratio remained relatively high, indicating ongoing reliance on debt financing.
Finally, as of December 31, 2024, the financial leverage ratio increased substantially to 113.35, significantly surpassing the levels seen in the prior periods. This sharp rise in leverage could pose risks related to debt repayment obligations, interest costs, and potential impact on the company's financial flexibility.
In conclusion, Live Nation Entertainment Inc's financial leverage has been subject to significant fluctuations, indicating varying levels of debt utilization and potential implications for the company's financial stability and risk profile.
Peer comparison
Dec 31, 2024