Wynn Resorts Limited (WYNN)

Debt-to-assets 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
Long-term debt	US$ in thousands	10,500,500	10,547,500	9,739,420	9,920,130	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
Total assets	US$ in thousands	12,978,000	14,111,400	13,289,800	13,470,700	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
Debt-to-assets ratio		0.81	0.75	0.73	0.74	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

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 of Wynn Resorts Limited has shown fluctuations over the past few years, ranging from 0.73 to 0.98. This ratio indicates the proportion of the company's assets financed by debt. From December 31, 2022, to December 31, 2024, the ratio decreased from 0.86 to 0.81.

The ratio peaked at 0.98 on September 30, 2022, before declining slightly in the following periods. It reached its lowest point of 0.73 on June 30, 2024. Overall, the company has managed to keep its debt-to-assets ratio relatively stable within the range of 0.73 to 0.98, reflecting a balanced approach to financing its operations with debt. It is important for investors and stakeholders to monitor this ratio to assess the company's financial leverage and risk exposure.