Live Nation Entertainment Inc (LYV)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | — | — | — | 0.00 | — | — | — | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | — | — | — | 0.00 | — | — | — | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 |
| Financial leverage ratio | 113.35 | 68.57 | — | — | — | 86.32 | — | — | — | — | — | — | — | — | — | — | — | — | 33.99 | 13.80 |
Live Nation Entertainment Inc has shown consistent stability in its solvency ratios over the years. The Debt-to-assets ratio, Debt-to-capital ratio, Debt-to-equity ratio, and Financial leverage ratio have all remained at very low levels or not applicable for most reporting periods. This indicates that the company has minimal debt obligations in relation to its assets, capital, and equity.
The Debt-to-assets ratio has been consistently at 0.00, indicating that the company's assets are predominantly financed by equity rather than debt. The Debt-to-capital and Debt-to-equity ratios have also been negligible or not applicable for most periods, further emphasizing the low leverage position of Live Nation Entertainment Inc.
The Financial leverage ratio, while showing higher values for the few periods where it is reported, still remains relatively low in comparison to industry averages. This ratio suggests that Live Nation Entertainment Inc relies more on equity financing rather than debt to support its operations.
Overall, the solvency ratios reflect a strong and stable financial position for Live Nation Entertainment Inc, with minimal reliance on debt to support its business activities.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 3.35 | 3.66 | 3.46 | 3.14 | 3.26 | 3.60 | 3.28 | 2.76 | 2.41 | 1.93 | 0.76 | -0.60 | -1.38 | -2.24 | -4.53 | -6.66 | -7.19 | -6.35 | -3.25 | 1.05 |
Based on the provided data, Live Nation Entertainment Inc's interest coverage ratio has shown a fluctuating trend over the analyzed period. The interest coverage ratio indicates the company's ability to cover its interest expenses with its operating income.
From March 31, 2020, to December 31, 2021, Live Nation's interest coverage ratio consistently remained below 0, indicating that the company was not generating sufficient operating income to cover its interest expenses. This suggests a potential financial risk as the company may struggle to meet its debt obligations.
However, starting from March 31, 2022, the interest coverage ratio improved, turning positive and gradually increasing over the subsequent quarters. The positive trend indicates that Live Nation's ability to cover its interest payments with operating income has strengthened, which may reflect improved financial performance and debt management.
By December 31, 2024, Live Nation's interest coverage ratio reached a relatively stable level around 3.35, indicating that the company's operating income was about 3.35 times its interest expenses. While this is a positive sign of financial stability and debt servicing capacity, it is essential for the company to maintain this trend to ensure long-term financial health and sustainability.