Boyd Gaming (FRA:BO5) Debt-to-Equity

: 2.14 (As of Dec. 2023)

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Boyd Gaming's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €131 Mil. Boyd Gaming's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3,285 Mil. Boyd Gaming's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €1,599 Mil. Boyd Gaming's debt to equity for the quarter that ended in Dec. 2023 was 2.14.

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 Boyd Gaming's Debt-to-Equity or its related term are showing as below:

FRA:BO5' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.14 Med: 3.47 Max: 7.77
Current: 2.14

During the past 13 years, the highest Debt-to-Equity Ratio of Boyd Gaming was 7.77. The lowest was 2.14. And the median was 3.47.

FRA:BO5's Debt-to-Equity is ranked worse than
84.3% of 688 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs FRA:BO5: 2.14

Boyd Gaming Debt-to-Equity Historical Data

The historical data trend for Boyd Gaming'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.

Boyd Gaming Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.71

4.30

2.56

2.45

2.14

Boyd Gaming 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															2.45	2.29	2.16	2.11	2.14

Competitive Comparison

For the Resorts & Casinos subindustry, Boyd Gaming'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.

Boyd Gaming Debt-to-Equity Distribution

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

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

Boyd Gaming Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Boyd Gaming'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
	=	(131.261	+	3285.253)	/	1599.342
	=	2.14

Boyd Gaming'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
	=	(131.261	+	3285.253)	/	1599.342
	=	2.14

Boyd Gaming (FRA:BO5) 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.

Boyd Gaming Debt-to-Equity Related Terms

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Boyd Gaming (FRA:BO5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Boyd Gaming Corp (FRA:BO5) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BYD:USA BO5:Germany

Address

6465 South Rainbow Boulevard, Las Vegas, NV, USA, 89118

Website

https://www.boydgaming.com

Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Its business segments are separated by geographical regions: Las Vegas Locals; Downtown Las Vegas; and Midwest and South. Midwest and South holds the largest number of entertainment properties, and it generates most sales for the company. Boyd generates most of its revenue from its gaming operations.

Boyd Gaming (FRA:BO5) Headlines

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