Wynn Resorts Limited (WYNN)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands 10,500,500 11,028,700 11,569,300 11,884,500 12,469,400
Total assets US$ in thousands 12,978,000 13,996,200 13,415,100 12,530,800 13,869,500
Debt-to-assets ratio 0.81 0.79 0.86 0.95 0.90

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $10,500,500K ÷ $12,978,000K
= 0.81

The debt-to-assets ratio for Wynn Resorts Limited has shown some fluctuations over the past five years. In December 31, 2020 the ratio was 0.90, indicating that 90% of the company's assets were financed by debt. This ratio increased to 0.95 in December 31, 2021, suggesting a higher reliance on debt for financing. However, from December 31, 2022 to December 31, 2024, the ratio decreased consistently to 0.81, indicating a decreasing trend in debt relative to assets.

Overall, the decreasing trend in the debt-to-assets ratio from 2022 to 2024 suggests that Wynn Resorts Limited has been actively reducing its debt levels in relation to its total assets. This trend could indicate a strengthening financial position and improved solvency, as the company is relying less on debt financing.