Wynn Resorts (Wynn Resorts) Debt-to-Equity

: -53.19 (As of Dec. 2023)

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Wynn Resorts's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $710 Mil. Wynn Resorts's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $12,660 Mil. Wynn Resorts's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-251 Mil. Wynn Resorts's debt to equity for the quarter that ended in Dec. 2023 was -53.19.

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

WYNN' s Debt-to-Equity Range Over the Past 10 Years
Min: -255.23 Med: -27.88 Max: 64.11
Current: -53.19

During the past 13 years, the highest Debt-to-Equity Ratio of Wynn Resorts was 64.11. The lowest was -255.23. And the median was -27.88.

WYNN's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.47 vs WYNN: -53.19

Wynn Resorts Debt-to-Equity Historical Data

The historical data trend for Wynn 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.

Wynn Resorts Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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6.06

-37.47

-56.20

-18.29

-53.19

Wynn 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															-18.29	-19.34	-21.82	-16.31	-53.19

Competitive Comparison

For the Resorts & Casinos subindustry, Wynn 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.

Wynn Resorts Debt-to-Equity Distribution

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

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

Wynn Resorts Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wynn 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
	=	(709.593	+	12660.493)	/	-251.382
	=	-53.19

Wynn 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
	=	(709.593	+	12660.493)	/	-251.382
	=	-53.19

Wynn Resorts (NAS:WYNN) 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.

Wynn Resorts Debt-to-Equity Related Terms

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Wynn Resorts (Wynn Resorts) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Wynn Resorts Ltd (NAS:WYNN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WYNN:Mexico WYR:Germany WYR:Germany WYR:Germany

Address

3131 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109

Website

https://www.wynnresorts.com

Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, and Encore Boston Harbor in Massachusetts opened June 2019. We expect the company to open a new building next to its existing Wynn Palace resort in around 2028. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and Las Vegas, respectively.

Executives

Julie Cameron-doe	officer: CFO	C/O WYNN RESORTS, LIMITED, 3131 LAS VEGAS BOULEVARD S., LAS VEGAS NV 89109
Ellen F Whittemore	officer: EVP and General Counsel	C/O WYNN RESORTS, LIMITED, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Craig Scott Billings	officer: CFO and Treasurer	C/O WYNN RESORTS, LIMITED, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Patricia Mulroy	director	C/O WYNN RESORTS LIMITED, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Paul Albert Liu	director	C/O WYNN RESORTS, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Betsy S Atkins	director
Matt Maddox	officer: President	C/O WYNN RESORTS LTD, 3145 LAS VEGAS BIVD SOUTH, LAS VEGAS NV 89109
Darnell O. Strom	director	C/O WYNN RESORTS, LIMITED, 3131 LAS VEGAS BOULEVARD S., LAS VEGAS NV 89109
Philip G Satre	director
Richard J Byrne	director	350 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Robert Jos Miller	director	6363 SOUTH FIDDLERS GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Margaret Jane Myers	director	C/O WYNN RESORTS, LIMITED, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Winifred Markus Webb	director	9330 BALBOA AVE, SAN DIEGO CA 92123
Stephen A Wynn	10 percent owner	3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Kimmarie Sinatra	officer: EVP/General Counsel/Secretary	C/O WYNN RESORTS LIMITED, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109