Caesars Entertainment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $88 Mil. Caesars Entertainment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $24,983 Mil. Caesars Entertainment's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $4,552 Mil.
Caesars Entertainment's debt to equity for the quarter that ended in Dec. 2023 was 5.51.
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:
CZR'
s Debt-to-Equity Range Over the Past 10 Years
Min: 2.33 Med: 4.61 Max: 6.85
Current: 5.51
During the past 12 years, the highest Debt-to-Equity Ratio of Caesars Entertainment was 6.85. The lowest was 2.33. And the median was 4.61.
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.
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Caesars Entertainment Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Debt-to-Equity |
|
|
|
|
|
|
3.35 |
5.28 |
5.86 |
6.85 |
5.51 |
|
Caesars Entertainment 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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6.85 |
3.61 |
2.76 |
2.67 |
5.51 |
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. 2023 is calculated as
Caesars Entertainment's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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 (Caesars Entertainment) Business Description
Traded in Other Exchanges
Address
100 West Liberty Street, 12th Floor, Reno, NV, USA, 89501
Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (58% of 2022 EBITDAR before corporate and digital expenses) and regional (59%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced material EBITDA losses in 2022. 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 the U.S. portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.
Executives
| Michael E Pegram |
director |
PO BOX 285, BURLINGTON WA 98233 |
| Stephanie Lepori |
officer: CAO & Chief Admin. Officer |
100 WEST LIBERTY STREET, SUITE 1150, RENO NV 89501 |
| Thomas Reeg |
director, officer: Chief Executive Officer |
21 WATERWAY AVE, SUITE 150, THE WOODLANDS TX 77380 |
| David P Tomick |
director |
100 REGENCY FOREST DR, SUITE 400, CARY NC 27511 |
| Don R Kornstein |
director |
DON R KORNSTEIN, 825 LAKESHORE BLVD, INCLINE VILLAGE NV 89451 |
| Fahrenkopf Frank J Jr |
director |
ONE CORPORATE CENTER, RYE NY 10580 |
| Mather Courtney |
director |
C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160 |
| Sandra Douglass Morgan |
director |
601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204 |
| Quatmann Edmund L Jr |
officer: See Remarks |
600 EMERSON ROAD, SUITE 300, ST. LOUIS MO 63141 |
| Josh Jones |
officer: Chief Marketing Officer |
100 W. LIBERTY ST., 12TH FLOOR, RENO NV 89501 |
| Anthony L. Carano |
officer: President and COO |
100 WEST LIBERTY STREET, RENO NV 89501 |
| Gary L. Carano |
director, officer: Exec. Chairman of the Board |
100 WEST LIBERTY STREET, 11TH FLOOR, RENO NV 89501 |
| Bonnie Biumi |
director |
RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523 |
| Jones Blackhurst Janis L |
director |
ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109 |
| James B Hawkins |
director |
C/O IRADIMED CORPORATION, 1025 WILLA SPRINGS DR., WINTER SPRINGS FL 32708 |
Caesars Entertainment (Caesars Entertainment) Headlines
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