Monarch Casino & Resort Inc (MCRI)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 5,500 | — | 68,152 | 167,162 |
| Total assets | US$ in thousands | 691,583 | 680,873 | 692,942 | 690,459 | 671,877 |
| Debt-to-assets ratio | 0.00 | 0.01 | 0.00 | 0.10 | 0.25 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $691,583K
= 0.00
The debt-to-assets ratio of Monarch Casino & Resort Inc has exhibited a declining trend over the years based on the provided data. As of December 31, 2020, the ratio stood at 0.25, indicating that 25% of the company's assets were financed by debt. However, by December 31, 2024, the ratio had decreased significantly to 0.00, implying that the company had minimal or no debt relative to its assets.
This trend suggests that Monarch Casino & Resort Inc has been effectively managing its debt levels and moving towards a more conservative financial structure. A lower debt-to-assets ratio generally signifies lower financial risk and greater financial stability, as the company relies less on external debt to fund its operations and investments.
Overall, the decreasing debt-to-assets ratio for Monarch Casino & Resort Inc reflects a positive financial position and prudent debt management strategies implemented by the company over the years, positioning it well for potential future growth and financial stability.
Peer comparison
Dec 31, 2024