Red Rock Resorts (Red Rock Resorts) Debt-to-Equity

: 19.75 (As of Dec. 2023)

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Red Rock Resorts's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $32 Mil. Red Rock Resorts's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,302 Mil. Red Rock Resorts's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $169 Mil. Red Rock Resorts's debt to equity for the quarter that ended in Dec. 2023 was 19.75.

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

RRR' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.47 Med: 6.92 Max: 68.28
Current: 19.75

During the past 12 years, the highest Debt-to-Equity Ratio of Red Rock Resorts was 68.28. The lowest was 3.47. And the median was 6.92.

RRR's Debt-to-Equity is ranked worse than
98.55% of 688 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs RRR: 19.75

Red Rock Resorts Debt-to-Equity Historical Data

The historical data trend for Red Rock 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.

Red Rock Resorts Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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6.07

8.24

48.01

68.28

19.75

Red Rock Resorts Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															68.28	40.74	32.16	26.86	19.75

Competitive Comparison

For the Resorts & Casinos subindustry, Red Rock 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.

Red Rock Resorts Debt-to-Equity Distribution

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

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

Red Rock Resorts Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Red Rock Resorts'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
	=	(32.241	+	3301.658)	/	168.839
	=	19.75

Red Rock Resorts's Debt to Equity Ratio for the quarter 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
	=	(32.241	+	3301.658)	/	168.839
	=	19.75

Red Rock Resorts (NAS:RRR) 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.

Red Rock Resorts Debt-to-Equity Related Terms

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

Red Rock Resorts (Red Rock Resorts) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Red Rock Resorts Inc (NAS:RRR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RRK:Germany

Address

1505 South Pavilion Center Drive, Las Vegas, NV, USA, 89135

Website

http://www.redrockresorts.com

Red Rock Resorts Inc along with its subsidiary is a gaming, development, and management company. The company mainly develops strategically-located casino and entertainment properties. It generates a majority of its revenue from Casino.

Executives

Robert A Finch	officer: EVP & Chief Operating Officer	C/O RED ROCK RESORTS, INC., 1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Scott Kreeger	officer: President	2535 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS CA 89109
Fertitta Frank J Iii	director, 10 percent owner	2411 W SAHARA AVE, LAS VEGAS NV 89102
Lorenzo J Fertitta	director, 10 percent owner	2960 W SAHARA AVENUE, LAS VEGAS NV 89102
Joseph J Hasson	officer: EVP of Operations	C/O RED ROCK RESORTS, INC., 1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Richard J Haskins	officer: President
Jeffrey T Welch	officer: EVP and Chief Legal Officer	C/O RED ROCK RESORTS,INC., 1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Robert E Lewis	director	2411 W. SAHARA AVE, LAS VEGAS NV 89102
Cashell Robert A. Jr	director	1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Marc J. Falcone	officer: EVP, CFO and Treasuer	1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Daniel J Roy	officer: EVP and COO	1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Nave James E D V M	director	2411 W SAHARA AVENUE, LAS VEGAS NV 89102
Stephen Lawrence Cootey	officer: See Remarks	C/O RED ROCK RESORTS, INC., 1505 SOUTH PAVILION CENTER DRIVE,, LAS VEGAS NV 89135
Bank Ag\ Deutsche	10 percent owner	TAUNUSANLAGE 12 D-60325, FRANKFURT AM MAIN 2M 00000
Fi Station Investor Llc	director, 10 percent owner	1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135