Caesars Entertainment (BSP:C2ZR34) Debt-to-Equity : 6.08 (As of Sep. 2024)

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What is Caesars Entertainment Debt-to-Equity?

Caesars Entertainment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was R$565 Mil. Caesars Entertainment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was R$140,095 Mil. Caesars Entertainment's Total Stockholders Equity for the quarter that ended in Sep. 2024 was R$23,137 Mil. Caesars Entertainment's debt to equity for the quarter that ended in Sep. 2024 was 6.08.

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:

BSP:C2ZR34' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.2 Med: 5.08 Max: 8.25
Current: 6.08

During the past 12 years, the highest Debt-to-Equity Ratio of Caesars Entertainment was 8.25. The lowest was 2.20. And the median was 5.08.

BSP:C2ZR34's Debt-to-Equity is ranked worse than
95.07% of 689 companies
in the Travel & Leisure industry
Industry Median: 0.44 vs BSP:C2ZR34: 6.08

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.

* Premium members only.

Caesars Entertainment Debt-to-Equity Chart

Caesars Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.35

5.28

5.86

6.85

5.51

Caesars Entertainment 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															5.43	5.51	5.69	5.83	6.08

Competitive Comparison of Caesars Entertainment's Debt-to-Equity

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

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(431.182	+	122411.703)	/	22303.89
	=	5.51

Caesars Entertainment'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
	=	(564.856	+	140095.264)	/	23136.928
	=	6.08

Caesars Entertainment (BSP:C2ZR34) 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.

Caesars Entertainment Debt-to-Equity Related Terms

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Caesars Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Caesars Entertainment Inc (BSP:C2ZR34) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CZR:USA CZR1:Mexico 0A78:UK 2ER:Germany

Address

100 West Liberty Street, 12th Floor, Reno, NV, USA, 89501

Website

https://www.caesars.com

Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (49% of 2023 EBITDAR before corporate expenses) and regional (48%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced marginal EBITDA in 2023. Caesars' US 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 US portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.

Caesars Entertainment Headlines

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