International Game Technology (International Game Technology) Debt-to-Equity : 4.11 (As of Dec. 2023)

View and export this data going back to 1991. Start your Free Trial

What is International Game Technology Debt-to-Equity?

International Game Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $56 Mil. International Game Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,868 Mil. International Game Technology's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,443 Mil. International Game Technology's debt to equity for the quarter that ended in Dec. 2023 was 4.11.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for International Game Technology's Debt-to-Equity or its related term are showing as below:

IGT' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.18 Med: 4.21 Max: 11.06
Current: 4.11

During the past 13 years, the highest Debt-to-Equity Ratio of International Game Technology was 11.06. The lowest was 1.18. And the median was 4.21.

IGT's Debt-to-Equity is ranked worse than
90.84% of 688 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs IGT: 4.11

International Game Technology Debt-to-Equity Historical Data

The historical data trend for International Game Technology's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

International Game Technology Debt-to-Equity Chart

International Game Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

5.08

11.06

5.36

4.22

4.11

International Game Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															4.22	4.26	4.25	4.07	4.11

Competitive Comparison of International Game Technology's Debt-to-Equity

For the Gambling subindustry, International Game Technology's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

International Game Technology's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, International Game Technology's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where International Game Technology's Debt-to-Equity falls into.

International Game Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

International Game Technology's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(56	+	5868)	/	1443
	=	4.11

International Game Technology's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(56	+	5868)	/	1443
	=	4.11

International Game Technology (NYSE:IGT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

International Game Technology Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of International Game Technology's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

International Game Technology (International Game Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » International Game Technology PLC (NYSE:IGT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

7IG:Germany

Address

10 Finsbury Square, Third Floor, London, GBR, EC2A 1AF

Website

https://www.igt.com

International Game Technology PLC is a gaming company that delivers entertaining and responsible gaming experiences for players across all channels. The company's operating segments include Global Lottery, Global Gaming, and Digital & Betting.. It generates maximum revenue from the Global Lottery segment. Global Lottery segment provides lottery products and services to governmental organizations through operating contracts, facilities management contracts, lottery management agreements, and product sales contracts. Geographically, it derives a majority of revenue from the United States.