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.
Peer comparison
Dec 31, 2024