Wynn Resorts Limited (WYNN)

Financial leverage 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
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
Total stockholders’ equity	US$ in thousands	-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	1,743,040	1,918,750	2,050,820	2,078,220
Financial leverage ratio		—	—	—	—	—	—	—	—	—	—	126.74	56.35	—	—	24.03	11.49	7.96	6.92	6.42	6.33

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $13,996,200K ÷ $-251,382K
= —

I am unable to provide the exact calculation of the financial leverage ratio for Wynn Resorts Ltd. based on the data provided. However, the financial leverage ratio is typically calculated as total debt divided by total assets. This ratio gives an indication of the proportion of the company's assets that are financed through debt.

Analyzing the trend of the financial leverage ratio over the quarters can provide insights into the company's capital structure and financial risk. A consistently high financial leverage ratio may indicate that the company relies heavily on debt financing, which can result in higher interest expenses and financial risk. On the other hand, a declining trend in the ratio may suggest improving financial health and lower reliance on debt.

It is recommended to calculate and analyze the financial leverage ratio for each quarter using the available data to assess Wynn Resorts Ltd.'s leverage position accurately and make informed conclusions about its financial risk profile.