BALY (Ballys) Debt-to-Equity : 21.59 (As of Sep. 2024)

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What is Ballys Debt-to-Equity?

Ballys's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $80 Mil. Ballys's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $4,960 Mil. Ballys's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $233 Mil. Ballys's debt to equity for the quarter that ended in Sep. 2024 was 21.59.

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

BALY' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.09 Med: 3.56 Max: 21.59
Current: 21.59

During the past 8 years, the highest Debt-to-Equity Ratio of Ballys was 21.59. The lowest was 1.09. And the median was 3.56.

BALY's Debt-to-Equity is ranked worse than
99.42% of 689 companies
in the Travel & Leisure industry
Industry Median: 0.44 vs BALY: 21.59

Ballys Debt-to-Equity Historical Data

The historical data trend for Ballys'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.

Ballys Debt-to-Equity Chart

Ballys Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.32

3.56

2.47

5.62

7.97

Ballys Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															5.42	7.97	11.29	12.86	21.59

Competitive Comparison of Ballys's Debt-to-Equity

For the Resorts & Casinos subindustry, Ballys'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.

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

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

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

Ballys Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ballys'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
	=	(74.292	+	4991.592)	/	635.426
	=	7.97

Ballys's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(79.628	+	4959.544)	/	233.415
	=	21.59

Ballys (NYSE:BALY) 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.

Ballys Debt-to-Equity Related Terms

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

Ballys Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ballys Corp (NYSE:BALY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BALY:USA

Address

100 Westminster Street, Providence, RI, USA, 02903

Website

https://www.ballys.com

Ballys Corp is a casino entertainment company with a growing omnichannel presence, currently owning and managing approximately 15 casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and having access to nearly 18 OSB licenses in states. The recent acquisition of Aspers Casino in Newcastle, UK, further expands its international footprint and enhances its diverse entertainment offerings. It also owns Bally's Interactive International an interactive gaming operator, Bally Bet, a first-in-class sports betting platform, and Bally Casino, a growing iCasino platform. The casino operations include approximately 15,300 slot machines, 580 table games, and 3,800 hotel rooms.

Executives

Jeffrey W Rollins	director
Jaymin B Patel	director	C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817
Terrence Downey	director	100 TWIN RIVER ROAD, LINCOLN RI 02865
Wanda Y. Wilson	director	100 TWIN RIVER ROAD, LINCOLN RI 02865
Lee Kim Barker	officer: EVP, Chief Legal Officer	C/O BALLY'S CORPORATION, 100 WESTMINSTER STREET, PROVIDENCE RI 02903
Tracy S. Harris	director	C/O 1847 HOLDINGS LLC, 590 MADISON AVE., 21ST FLOOR, NEW YORK NY 10022
Robeson Reeves	director, officer: President, Interactive	100 WESTMINSTER STREET, PROVIDENCE RI 02903
Craig L Eaton	officer: EVP, General Counsel, Sec.	100 TWIN RIVER ROAD, LINCOLN RI 02865
George T. Papanier	director, officer: President and CEO	100 TWIN RIVER ROAD, LINCOLN RI 02865
Marcus Glover	officer: EVP, Chief Financial Officer	C/O BALLY'S CORPORATION, 100 WESTMINSTER STREET, PROVIDENCE RI 02903
Standard General L.p.	director, 10 percent owner	767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Noel Hayden	10 percent owner	C/O ANZO GROUP LIMITED, 25 GOLDEN SQUARE, LONDON X0 W1F 9LU
Marc A Crisafulli	officer: EVP Government Relations	C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817
Robert M. Lavan	officer: Executive Vice President, CFO	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Stephen H Capp	officer: Executive Vice President, CFO	C/O PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148