Monarch Casino & Resort Inc (MCRI)

Debt-to-assets 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
Long-term debt US$ in thousands — — — — 5,500 8,000 41,000 51,000 — — 43,837 58,511 68,152 85,792 114,900 142,455 167,162 171,864 181,684 173,049
Total assets US$ in thousands 691,583 671,140 672,376 677,265 680,873 664,265 665,221 663,809 692,942 688,665 693,735 691,104 690,459 672,428 666,848 664,974 671,877 599,146 597,505 594,465
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.01 0.01 0.06 0.08 0.00 0.00 0.06 0.08 0.10 0.13 0.17 0.21 0.25 0.29 0.30 0.29

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 shown a decreasing trend over the period from March 31, 2020, to December 31, 2024. The ratio decreased steadily from 0.29 on March 31, 2020, to 0.00 on December 31, 2024. This indicates that the company has been effectively managing its debt relative to its total assets over this period.

A lower debt-to-assets ratio generally signifies that a company has a lower level of debt in relation to its assets, which can be viewed positively by investors and creditors. In the case of Monarch Casino & Resort Inc, the decreasing trend in the ratio reflects a potential reduction in the company's reliance on debt to finance its operations or expansion.

Overall, the decreasing debt-to-assets ratio suggests that the company's financial position has improved in terms of its debt management and could indicate a stronger financial health and stability going forward.