Crown Resorts (ASX:CWNHB.PFD) Debt-to-Equity : 0.37 (As of Dec. 2021)

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What is Crown Resorts Debt-to-Equity?

Crown Resorts's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was A$6.30 Mil. Crown Resorts's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was A$1,573.20 Mil. Crown Resorts's Total Stockholders Equity for the quarter that ended in Dec. 2021 was A$4,286.20 Mil. Crown Resorts's debt to equity for the quarter that ended in Dec. 2021 was 0.37.

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 Crown Resorts's Debt-to-Equity or its related term are showing as below:

ASX:CWNHB.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.38 Max: 0.72
Current: 0.37

During the past 13 years, the highest Debt-to-Equity Ratio of Crown Resorts was 0.72. The lowest was 0.06. And the median was 0.38.

ASX:CWNHB.PFD's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.47 vs ASX:CWNHB.PFD: 0.37

Crown Resorts Debt-to-Equity Historical Data

The historical data trend for Crown 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.

Crown Resorts Debt-to-Equity Chart

Crown Resorts Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Debt-to-Equity

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0.38

0.29

0.21

0.24

0.29

Crown Resorts Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Debt-to-Equity	Get a 7-Day Free Trial															0.17	0.24	0.38	0.29	0.37

Competitive Comparison of Crown Resorts's Debt-to-Equity

For the Resorts & Casinos subindustry, Crown 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.

Crown Resorts's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

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

Crown Resorts Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Crown Resorts's Debt to Equity Ratio for the fiscal year that ended in Jun. 2021 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
	=	(314.3	+	974.1)	/	4465.8
	=	0.29

Crown Resorts's Debt to Equity Ratio for the quarter that ended in Dec. 2021 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
	=	(6.3	+	1573.2)	/	4286.2
	=	0.37

Crown Resorts (ASX:CWNHB.PFD) 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.

Crown Resorts Debt-to-Equity Related Terms

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

Crown Resorts (ASX:CWNHB.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Crown Resorts Ltd (ASX:CWNHB.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

8 Whiteman Street, Level 3, Crown Towers, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.crownresorts.com.au

Crown Resorts is Australia's largest hotel-casino company. Its flagship property is Crown Melbourne, an integrated complex with more than 2,600 electronic game machines, or EGMs, 540 tables, and three hotels. Crown also operates Crown Perth, a property with more than 2,500 EGMs, 350 tables, and three hotels. Crown has also obtained a licence to operate Sydney's second casino, Crown Sydney, centred on the VIP and premium gaming market. The company also operates Aspinall's, a boutique, premium-focussed casino in London.

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