Wynn Resorts Limited (WYNN)

Debt-to-equity ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	11,028,700	11,569,300	11,884,500	12,469,400	10,080,000
Total stockholders’ equity	US$ in thousands	-251,382	-750,838	-214,418	-351,997	1,743,040
Debt-to-equity ratio		—	—	—	—	5.78

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $11,028,700K ÷ $-251,382K
= —

The debt-to-equity ratio for Wynn Resorts Ltd. was not available for the years ending December 31, 2023, 2022, 2021, and 2020 based on the data provided. However, for the year ending December 31, 2019, the debt-to-equity ratio was reported at 5.97. This indicates that for every dollar of equity, Wynn Resorts Ltd. had nearly $6 of debt in 2019.

The high debt-to-equity ratio suggests that Wynn Resorts Ltd. relied more heavily on debt financing compared to equity financing in 2019. A higher ratio may indicate a higher financial risk due to the increased reliance on debt to fund operations or expansion activities. It also suggests that the company may face challenges in meeting its debt obligations if its financial performance weakens.

Analyzing subsequent data for the debt-to-equity ratio in the following years would provide more insights into the company's changing capital structure and financial leverage.