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Golden Entertainment (STU:GE6) LT-Debt-to-Total-Asset : 0.49 (As of Mar. 2024)


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What is Golden Entertainment LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Golden Entertainment's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.49.

Golden Entertainment's long-term debt to total assets ratio declined from Mar. 2023 (0.66) to Mar. 2024 (0.49). It may suggest that Golden Entertainment is progressively becoming less dependent on debt to grow their business.

Golden Entertainment LT-Debt-to-Total-Asset Historical Data

The historical data trend for Golden Entertainment's LT-Debt-to-Total-Asset 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.

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Golden Entertainment LT-Debt-to-Total-Asset Chart

Golden Entertainment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.76 0.82 0.72 0.68 0.51

Golden Entertainment Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
LT-Debt-to-Total-Asset 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 0.66 0.65 0.51 0.51 0.49

Golden Entertainment LT-Debt-to-Total-Asset Calculation

Golden Entertainment's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )/Total Assets (A: Dec. 2023 )
=678.439/1331.744
=0.51

Golden Entertainment's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )/Total Assets (Q: Mar. 2024 )
=682.457/1381.777
=0.49

* 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.

Golden Entertainment  (STU:GE6) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Golden Entertainment LT-Debt-to-Total-Asset Related Terms

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Golden Entertainment (STU:GE6) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Golden Entertainment Inc (STU:GE6) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
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Traded in Other Exchanges
GDEN:USA
Address
6595 S Jones Boulevard, Las Vegas, NV, USA, 89118
Website
https://www.goldenent.com
Golden Entertainment Inc is a us-based company that focuses on distributed gaming, casino, and resort operations. Its reportable segments are Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort, and Distributed Gaming. It derives key revenue from the Nevada Casino Resorts and Distributed Gaming segments. Nevada Casino Resorts is comprised of destination casino resort properties offering a variety of food and beverage outlets, entertainment venues, and other amenities. Distributed Gaming segment is comprised of the operation of slot machines and amusement devices in non-casino locations across Nevada and Montana, with a limited number of slot machines in each location, as well as the operation of branded taverns.

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