Monarch Casino & Resort Inc (MCRI)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.34 | 1.31 | 1.35 | 1.33 | 1.33 | 1.32 | 1.38 | 1.43 | 1.29 | 1.34 | 1.43 | 1.49 | 1.54 | 1.58 | 1.66 | 1.75 | 1.83 | 1.69 | 1.76 | 1.73 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $691,583K ÷ $517,748K
= 1.34
The financial leverage ratio of Monarch Casino & Resort Inc has been showing a generally decreasing trend from March 2020 to December 2024. The ratio decreased from 1.73 in March 2020 to 1.34 in December 2024. This indicates that the company's reliance on debt to finance its operations has been declining over the period. A decreasing financial leverage ratio can be seen as a positive signal by investors and creditors as it suggests a lower level of financial risk and greater financial stability for the company. However, it is essential to analyze other financial ratios and aspects of the company's financial performance to get a complete picture of its financial health and leverage position.
Peer comparison
Dec 31, 2024