Wynn Resorts Limited (WYNN)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	11,028,700	11,678,700	12,101,500	12,107,000	11,569,300	11,570,400	11,367,900	11,872,900	11,884,500	11,693,800	10,612,600	11,755,200	12,469,400	12,563,000	12,477,200	11,133,000	10,080,000	9,421,840	9,095,290	9,133,560
Total assets	US$ in thousands	13,996,200	13,336,300	13,783,700	13,724,000	13,415,100	11,779,300	11,788,500	12,179,300	12,530,800	12,607,700	13,022,700	13,166,900	13,869,500	13,967,100	14,885,700	14,273,300	13,871,300	13,277,100	13,165,300	13,161,200
Debt-to-assets ratio		0.79	0.88	0.88	0.88	0.86	0.98	0.96	0.97	0.95	0.93	0.81	0.89	0.90	0.90	0.84	0.78	0.73	0.71	0.69	0.69

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 for Wynn Resorts Ltd. has been declining over the past two quarters, from 0.90 in Q4 2022 to 0.84 in Q4 2023. This suggests that the company's leverage position has improved during this period. However, it is worth noting that the ratio has fluctuated within a relatively narrow range between 0.84 and 0.90 over the past eight quarters, indicating a consistent level of indebtedness relative to its total assets.

The recent decrease in the debt-to-assets ratio may signify that Wynn Resorts Ltd. has been actively managing its debt levels or increasing its asset base. A lower ratio indicates that the company relies less on debt financing to fund its operations and investments, which can improve its financial stability and ability to weather economic downturns.

Overall, while the downward trend in the debt-to-assets ratio is a positive sign, investors and stakeholders should continue monitoring Wynn Resorts Ltd.'s debt management practices and assess the impact of any future changes in the ratio on the company's financial health and risk profile.