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BYD (Boyd Gaming) Financial Strength : 4 (As of Dec. 2024)


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What is Boyd Gaming Financial Strength?

Boyd Gaming has the Financial Strength Rank of 4.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Boyd Gaming's Interest Coverage for the quarter that ended in Dec. 2024 was 5.69. Boyd Gaming's debt to revenue ratio for the quarter that ended in Dec. 2024 was 0.94. As of today, Boyd Gaming's Altman Z-Score is 2.11.


Competitive Comparison of Boyd Gaming's Financial Strength

For the Resorts & Casinos subindustry, Boyd Gaming's Financial Strength, along with its competitors' market caps and Financial Strength 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's Financial Strength Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Boyd Gaming's Financial Strength distribution charts can be found below:

* The bar in red indicates where Boyd Gaming's Financial Strength falls into.


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Boyd Gaming Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Boyd Gaming's Interest Expense for the months ended in Dec. 2024 was $-46 Mil. Its Operating Income for the months ended in Dec. 2024 was $261 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $3,784 Mil.

Boyd Gaming's Interest Coverage for the quarter that ended in Dec. 2024 is

Interest Coverage=-1*Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*261.301/-45.943
=5.69

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Boyd Gaming's Debt to Revenue Ratio for the quarter that ended in Dec. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(146.861 + 3784.335) / 4163.66
=0.94

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Boyd Gaming has a Z-score of 2.11, indicating it is in Grey Zones. This implies that Boyd Gaming is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.

Warning Sign:

Altman Z-score of 2.11 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

* 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.


Boyd Gaming  (NYSE:BYD) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Boyd Gaming has the Financial Strength Rank of 4.


Boyd Gaming Financial Strength Related Terms

Thank you for viewing the detailed overview of Boyd Gaming's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Boyd Gaming Business Description

Traded in Other Exchanges
Address
6465 South Rainbow Boulevard, Las Vegas, NV, USA, 89118
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. Geographical regions separate its business segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, and Online. Midwest and South hold the key number of entertainment properties, and it generate the majority of sales for the company.
Executives
Christine J. Spadafor director 3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
William R Boyd director, officer: Vice President C/O BOYD GAMING CORPORATION, 6465 S. RAINBOW BOULEVARD, LAS VEGAS NV 89118
Ted Bogich officer: Executive Vice President 3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
Marianne Boyd Johnson director, officer: Executive Vice President
Uri Clinton officer: EVP,General Counsel,Secretary C/O MULTIMEDIA GAMES, INC., 206 WILD BASIN ROAD, BLDG. B, SUITE 400, AUSTIN TX 78746
Keith Smith director, officer: President & CEO
Josh Hirsberg officer: Exec. V.P., Treasurer & CFO C/O BOYD GAMING CORPORATION, 3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
William S Boyd director, 10 percent owner, officer: Co-Executive Chair 2950 SOUTH INDUSTRIAL ROAD, LAS VEGAS NV 89109
A. Randall Thoman director 8360 S. DURANGO DR., LAS VEGAS NV 89113
Stephen S. Thompson officer: Executive Vice President 3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
Lori M. Nelson officer: SVP Fin Ops and Reporting 6465 S. RAINBOW BOULEVARD, LAS VEGAS NV 89118
Veronica J Wilson director C/O BOYD GAMING, 2950 INDUSTRIAL RD, LAS VEGAS NV 89109
Anthony D Mcduffie officer: VP & Chief Accounting Officer C/O BOYD GAMING CORPORATION, 6465 SOUTH RAINBOW BLVD, LAS VEGAS NV 89118
Paul W Whetsell director 4501 NORTH FAIRFAX DRIVE, SUITE 800, ARLINGTON VA 22203
Robert L Boughner director