Wynn Resorts Limited (WYNN)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	-224,161	-281,402	-109,824	-136,953	-251,382	-821,764	-630,253	-717,434	-750,838	-763,153	-609,362	-337,040	-214,418	-53,238	102,752	233,683	-351,997	-128,703	619,519	1,242,090
Debt-to-equity ratio		—	—	—	—	—	—	—	—	—	—	—	—	—	—	103.28	50.30	—	—	20.14	8.96

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $10,500,500K ÷ $-224,161K
= —

The debt-to-equity ratio for Wynn Resorts Limited has shown significant fluctuations over the specified time periods. As of March 31, 2020, the ratio stood at 8.96, indicating a moderate level of debt in relation to equity. By June 30, 2020, the ratio increased substantially to 20.14, suggesting a higher proportion of debt relative to equity in the company's capital structure.

Notably, the ratio was not reported for the subsequent quarters up to December 31, 2021. However, as of March 31, 2021, the ratio surged to 50.30, signifying a considerable increase in leverage within the company. This trend continued as of June 30, 2021, where the debt-to-equity ratio spiked to 103.28, demonstrating a significant reliance on debt financing compared to equity.

It appears that data for the debt-to-equity ratio is unavailable for the quarters beyond June 30, 2021, suggesting a potential lack of timely financial reporting or a strategic shift in the company's disclosure practices. Overall, the substantial fluctuations in the debt-to-equity ratio for Wynn Resorts Limited indicate varying levels of financial leverage and capital structure dynamics during the specified periods, which may warrant further investigation into the company's financing strategies and risk management practices.