Monarch Casino & Resort Inc (MCRI)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.09 | 0.11 | 0.00 | 0.00 | 0.09 | 0.13 | 0.15 | 0.20 | 0.29 | 0.37 | 0.45 | 0.49 | 0.53 | 0.50 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $517,748K
= 0.00
The debt-to-equity ratio of Monarch Casino & Resort Inc has been on a declining trend over the past few years, indicating a reduction in the company's reliance on debt to finance its operations compared to its equity. As of December 31, 2024, the company's debt-to-equity ratio stands at 0.00, which suggests that the company holds no debt in relation to its equity. This could signify a strong financial position and lower financial risk for the company, as it is not heavily leveraged.
The decreasing trend in the debt-to-equity ratio from 0.50 in March 2020 to 0.00 in December 2024 shows that the company has been steadily reducing its debt relative to equity, which can be perceived positively by investors and creditors. A lower debt-to-equity ratio generally indicates better financial health and stability, as it implies that the company has more equity to support its operations and growth, with less financial risk associated with debt obligations.
Overall, the decreasing debt-to-equity ratio of Monarch Casino & Resort Inc portrays a financially prudent approach in managing its capital structure and signals a healthy balance between debt and equity financing.
Peer comparison
Dec 31, 2024