SkyCity Entertainment Group (ASX:SKC) Debt-to-Equity : 0.46 (As of Dec. 2023)

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What is SkyCity Entertainment Group Debt-to-Equity?

SkyCity Entertainment Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$44.7 Mil. SkyCity Entertainment Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$595.2 Mil. SkyCity Entertainment Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$1,399.7 Mil. SkyCity Entertainment Group's debt to equity for the quarter that ended in Dec. 2023 was 0.46.

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 SkyCity Entertainment Group's Debt-to-Equity or its related term are showing as below:

ASX:SKC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.45 Max: 0.9
Current: 0.46

During the past 13 years, the highest Debt-to-Equity Ratio of SkyCity Entertainment Group was 0.90. The lowest was 0.35. And the median was 0.45.

ASX:SKC's Debt-to-Equity is ranked better than
50.73% of 688 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs ASX:SKC: 0.46

SkyCity Entertainment Group Debt-to-Equity Historical Data

The historical data trend for SkyCity Entertainment Group'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.

SkyCity Entertainment Group Debt-to-Equity Chart

SkyCity Entertainment Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.47

0.45

0.37

0.41

0.45

SkyCity Entertainment Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.48	0.41	0.35	0.45	0.46

Competitive Comparison of SkyCity Entertainment Group's Debt-to-Equity

For the Resorts & Casinos subindustry, SkyCity Entertainment Group'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.

SkyCity Entertainment Group's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where SkyCity Entertainment Group's Debt-to-Equity falls into.

SkyCity Entertainment Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SkyCity Entertainment Group's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(44.663	+	587.321)	/	1398.769
	=	0.45

SkyCity Entertainment Group'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
	=	(44.688	+	595.164)	/	1399.672
	=	0.46

SkyCity Entertainment Group (ASX:SKC) 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.

SkyCity Entertainment Group Debt-to-Equity Related Terms

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

SkyCity Entertainment Group (ASX:SKC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » SkyCity Entertainment Group Ltd (ASX:SKC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SKYZF:USA SKC:New Zealand RX4:Germany

Address

99 Albert Street, Level 13, P.O. Box 6443, Auckland, NTL, NZL, 1010

Website

https://www.skycityentertainmentgroup.com

SkyCity Entertainment operates a number of casino-hotel complexes across Australia and New Zealand. The flagship property is SkyCity Auckland, the holder and operator of an exclusive casino licence (expiring in 2048) in New Zealand's most populous city. The company also owns smaller casinos in Hamilton and Queenstown. In Australia, the company operates SkyCity Adelaide (exclusive licence expiring in 2035).

SkyCity Entertainment Group (ASX:SKC) Headlines

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