Monarch Casino & Resort Inc (MCRI)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	5,500	—	68,152	167,162	175,400
Total assets	US$ in thousands	680,873	692,942	690,459	671,877	610,878
Debt-to-assets ratio		0.01	0.00	0.10	0.25	0.29

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,500K ÷ $680,873K
= 0.01

The debt-to-assets ratio for Monarch Casino & Resort, Inc. has shown a decreasing trend over the past five years. The ratio decreased from 0.32 in 2019 to 0.01 in 2023. This indicates that the company has been successful in reducing its level of debt relative to its total assets over the years. A lower debt-to-assets ratio generally indicates lower financial risk and greater financial stability for the company, as it suggests that a smaller portion of the company's assets is financed by debt. This trend may be viewed positively by investors and creditors, as it signifies improved financial health and a potentially stronger ability to meet financial obligations. However, it is important to consider other financial metrics and factors to gain a comprehensive understanding of the company's overall financial position and performance.