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Boyd Gaming (Boyd Gaming) Debt-to-Equity : 2.14 (As of Dec. 2023)


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What is Boyd Gaming Debt-to-Equity?

Boyd Gaming's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $143 Mil. Boyd Gaming's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,583 Mil. Boyd Gaming's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,744 Mil. Boyd Gaming's debt to equity for the quarter that ended in Dec. 2023 was 2.14.

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

BYD' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.14   Med: 3.47   Max: 7.77
Current: 2.14

During the past 13 years, the highest Debt-to-Equity Ratio of Boyd Gaming was 7.77. The lowest was 2.14. And the median was 3.47.

BYD's Debt-to-Equity is ranked worse than
84.16% of 688 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs BYD: 2.14

Boyd Gaming Debt-to-Equity Historical Data

The historical data trend for Boyd Gaming'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.

Boyd Gaming Debt-to-Equity Chart

Boyd Gaming Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.71 4.30 2.56 2.45 2.14

Boyd Gaming 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.45 2.29 2.16 2.11 2.14

Competitive Comparison of Boyd Gaming's Debt-to-Equity

For the Resorts & Casinos subindustry, Boyd Gaming'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.


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

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

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



Boyd Gaming Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Boyd Gaming's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Boyd Gaming's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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) 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.


Boyd Gaming Debt-to-Equity Related Terms

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


Boyd Gaming (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. Its business segments are separated by geographical regions: Las Vegas Locals; Downtown Las Vegas; and Midwest and South. Midwest and South holds the largest number of entertainment properties, and it generates most sales for the company. Boyd generates most of its revenue from its gaming operations.
Executives
William S Boyd director, 10 percent owner, officer: Co-Executive Chair 2950 SOUTH INDUSTRIAL ROAD, LAS VEGAS NV 89109
William R Boyd director, officer: Vice President C/O BOYD GAMING CORPORATION, 6465 S. RAINBOW BOULEVARD, LAS VEGAS NV 89118
Marianne Boyd Johnson director, officer: Executive Vice President
Stephen S. Thompson officer: Executive Vice President 3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
Christine J. Spadafor director 3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
Keith Smith director, officer: President & CEO
Ted Bogich officer: Executive Vice President 3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
Josh Hirsberg officer: Exec. V.P., Treasurer & CFO C/O BOYD GAMING CORPORATION, 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
Uri Clinton officer: EVP,General Counsel,Secretary C/O MULTIMEDIA GAMES, INC., 206 WILD BASIN ROAD, BLDG. B, SUITE 400, AUSTIN TX 78746
Anthony D Mcduffie officer: VP & Chief Accounting Officer C/O BOYD GAMING CORPORATION, 6465 SOUTH RAINBOW BLVD, LAS VEGAS NV 89118
A. Randall Thoman director 8360 S. DURANGO DR., LAS VEGAS NV 89113
John Robert Bailey director 1106 PALMS AIRPORT DRIVE, LAS VEGAS NV 89119
Paul W Whetsell director 4501 NORTH FAIRFAX DRIVE, SUITE 800, ARLINGTON VA 22203

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