Monarch Casino & Resort Inc (MCRI)

Debt-to-capital 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 stockholders’ equity US$ in thousands 517,748 513,280 498,367 508,913 513,140 502,447 481,812 463,406 538,954 515,370 486,336 465,189 448,014 424,395 401,087 379,910 368,067 353,530 340,422 344,094
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.01 0.02 0.08 0.10 0.00 0.00 0.08 0.11 0.13 0.17 0.22 0.27 0.31 0.33 0.35 0.33

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $517,748K)
= 0.00

The debt-to-capital ratio of Monarch Casino & Resort Inc has shown a declining trend over the past several periods, indicating a strengthening financial position in terms of leveraging debt.

As of December 31, 2024, the debt-to-capital ratio of the company stands at 0.00, suggesting that the company has no debt in relation to its capital structure. This could signify a more conservative approach to financing and a reduced financial risk for the company.

Overall, the decreasing trend in the debt-to-capital ratio implies that Monarch Casino & Resort Inc has been effectively managing its debt levels in relation to its capital base, potentially leading to improved financial stability and flexibility for the business going forward.