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Caesars Entertainment Debt-to-Equity

: 5.12 (As of Jun. 2021)
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Caesars Entertainment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $67 Mil. Caesars Entertainment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $26,212 Mil. Caesars Entertainment's Total Stockholders Equity for the quarter that ended in Jun. 2021 was $5,134 Mil. Caesars Entertainment's debt to equity for the quarter that ended in Jun. 2021 was 5.12.

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

NAS:CZR' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.2   Med: 3.67   Max: 8.25
Current: 5.12

2.2
8.25

During the past 9 years, the highest Debt-to-Equity Ratio of Caesars Entertainment was 8.25. The lowest was 2.20. And the median was 3.67.

NAS:CZR's Debt-to-Equity is ranked lower than
99.99% of the 115 Companies
in the Travel & Leisure industry.

( Industry Median: 0.48 vs. NAS:CZR: 5.12 )

Caesars Entertainment Debt-to-Equity Historical Data

The historical data trend for Caesars Entertainment'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.

Caesars Entertainment Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Debt-to-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.68 2.33 4.10 3.35 5.37

Caesars Entertainment Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.33 8.25 5.37 5.75 5.12

Competitive Comparison

For the Resorts & Casinos subindustry, Caesars Entertainment'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.

   

Caesars Entertainment Debt-to-Equity Distribution

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

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



Caesars Entertainment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Caesars Entertainment's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Caesars Entertainment's Debt to Equity Ratio for the quarter that ended in Jun. 2021 is calculated as

* 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.


Caesars Entertainment  (NAS:CZR) 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.


Caesars Entertainment Debt-to-Equity Related Terms

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


Caesars Entertainment Business Description

Caesars Entertainment logo
Industry
Consumer Cyclical » Travel & Leisure NAICS : 721120 SIC : 7011
Traded in Other Exchanges
Address
100 West Liberty Street, 12th Floor, Reno, NV, USA, 89501
Caesars Entertainment Includes around 50 domestic gaming properties across Las Vegas (34% of 2021 estimated EBITDAR before corporate expense) and regional markets. Additionally, the company hosts international properties, which generate near break-even to slightly positive EBITDAR. Caesars' U.S. presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns William Hill, a digital sports betting platform.
Executives
Mather Courtney director C/O ICAHN ENTERPRISES L.P. 16690 COLLINS AVE., PH SUNNY ISLES FL 33160
Kornstein Don R director DON R KORNSTEIN 825 LAKESHORE BLVD INCLINE VILLAGE NV 89451
Quatmann Edmund L Jr officer: Chief Legal Officer 600 EMERSON ROAD SUITE 300 ST. LOUIS MO 63141
Reeg Thomas director, officer: Chief Executive Officer 21 WATERWAY AVE SUITE 150 THE WOODLANDS TX 77380
Carano Gary L. director, officer: Exec. Chairman of the Board 100 WEST LIBERTY STREET, 11TH FLOOR RENO NV 89501
Carano Anthony L. officer: President and COO 100 WEST LIBERTY STREET RENO NV 89501
Lepori Stephanie officer: CAO & Chief Admin. Officer 100 WEST LIBERTY STREET SUITE 1150 RENO NV 89501
Yunker Bret officer: Chief Financial Officer C/O ELDORADO RESORTS, INC. 100 WEST LIBERTY STREET, SUITE 1150 RENO NV 89501
Kozicz Gregory J. director 8800 PAGE AVENUE ST.LOUIS MO 63114
Wagner Roger P director STATE ROUTE 2 PO BOX 356 CHESTER WV 26034
Nelson James Larry director 2747 PARADISE ROAD PH2804 LAS VEGAS NV 89109
Jones Blackhurst Janis L director ONE CAESARS PALACE DRIVE LAS VEGAS NV 89109
Hawkins James B director C/O IRADIMED CORPORATION 1025 WILLA SPRINGS DR. WINTER SPRINGS FL 32708
Cozza Keith director C/O ICAHN ENTERPRISES L.P. 16690 COLLINS AVE., PH SUNNY ISLES FL 33160
Recreational Enterprises, Inc. 10 percent owner P.O. BOX 2540 RENO NV 89505

Caesars Entertainment Headlines

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