Wynn Resorts Limited (WYNN)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	-224,161	-251,382	-750,838	-214,418	-351,997
Debt-to-capital ratio		1.02	1.02	1.07	1.02	1.03

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $10,500,500K ÷ ($10,500,500K + $-224,161K)
= 1.02

The debt-to-capital ratio for Wynn Resorts Limited has shown consistency over the past five years, ranging from 1.02 to 1.07. This ratio indicates the proportion of the company's capital structure that is financed by debt.

The slight increase in the ratio from 1.02 in 2021 to 1.07 in 2022 suggests a greater reliance on debt financing compared to equity during that period. Subsequently, the ratio reverted to 1.02 in 2023 and 2024, indicating a rebalancing towards a more equal distribution between debt and equity in the company's capital structure.

Overall, the debt-to-capital ratio for Wynn Resorts Limited has remained relatively stable, with the company maintaining a moderate level of debt in relation to its total capital over the past five years. This suggests a prudent approach to managing the company's financial leverage and capital structure.