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 Wynn Resorts's Debt-to-Equity or its related term are showing as below:
WYNN'
s Debt-to-Equity Range Over the Past 10 Years
Min: -255.23 Med: 1.33 Max: 4787.98
Current: -19.73
During the past 13 years, the highest Debt-to-Equity Ratio of Wynn Resorts was 4787.98. The lowest was -255.23. And the median was 1.33.
WYNN's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.53
vs WYNN: -19.73
Wynn Resorts Debt-to-Equity Historical Data
The historical data trend for Wynn Resorts'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.
Wynn Resorts Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Debt-to-Equity
10.16
4.63
6.06
-37.47
-56.20
Wynn Resorts Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Debt-to-Equity
117.18
-222.79
-56.20
-35.71
-19.73
Competitive Comparison
For the Resorts & Casinos subindustry, Wynn Resorts'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.
Wynn Resorts Debt-to-Equity Distribution
For the Travel & Leisure industry and Consumer Cyclical sector, Wynn Resorts's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Wynn Resorts's Debt-to-Equity falls into.
Wynn Resorts Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Wynn Resorts's Debt to Equity Ratio for the fiscal year that ended in Dec. 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.
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.
Wynn Resorts Debt-to-Equity Related Terms
Thank you for viewing the detailed overview of Wynn Resorts's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, Encore Boston Harbor in Massachusetts opened June 2019. Additionally, we expect the company to begin construction on a new building next to its existing Macao Palace resort in 2022, which we forecast to open in 2025. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and Las Vegas, respectively.
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