Wynn Resorts Limited (WYNN)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	11,028,700	11,569,300	11,884,500	12,469,400	10,080,000
Total assets	US$ in thousands	13,996,200	13,415,100	12,530,800	13,869,500	13,871,300
Debt-to-assets ratio		0.79	0.86	0.95	0.90	0.73

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $11,028,700K ÷ $13,996,200K
= 0.79

The debt-to-assets ratio of Wynn Resorts Ltd. has shown a decreasing trend over the past five years, dropping from 0.75 in 2019 to 0.84 in 2023. This indicates that the company's reliance on debt relative to its total assets has been reducing over the years. However, it is worth noting that the ratio increased slightly from 2022 to 2023, which might signal a recent uptick in debt relative to assets. Overall, the current ratio of 0.84 suggests that approximately 84% of Wynn Resorts Ltd.'s assets are financed by debt, while the remaining 16% are covered by equity as of December 31, 2023.