Light & Wonder Balance Sheet Health
Financial Health criteria checks 2/6
Light & Wonder has a total shareholder equity of $636.0M and total debt of $3.9B, which brings its debt-to-equity ratio to 608.5%. Its total assets and total liabilities are $5.4B and $4.8B respectively. Light & Wonder's EBIT is $762.0M making its interest coverage ratio 2.8. It has cash and short-term investments of $196.0M.
Key information
608.5%
Debt to equity ratio
US$3.87b
Debt
| Interest coverage ratio | 2.8x |
| Cash | US$196.00m |
| Equity | US$636.00m |
| Total liabilities | US$4.79b |
| Total assets | US$5.42b |
Recent financial health updates
These 4 Measures Indicate That Light & Wonder (NASDAQ:LNW) Is Using Debt Extensively
Jan 14
We Think Light & Wonder (NASDAQ:LNW) Is Taking Some Risk With Its Debt
Sep 18Is Light & Wonder (NASDAQ:LNW) Using Too Much Debt?
May 26Recent updates
The Price Is Right For Light & Wonder, Inc. (NASDAQ:LNW) Even After Diving 25%
Apr 17Are Investors Undervaluing Light & Wonder, Inc. (NASDAQ:LNW) By 45%?
Apr 13Light & Wonder: A Bargain At First Glance, But Trades Above Peers After 10% Drop
Mar 31Earnings Tell The Story For Light & Wonder, Inc. (NASDAQ:LNW) As Its Stock Soars 25%
Feb 28Here's Why We Think Light & Wonder (NASDAQ:LNW) Might Deserve Your Attention Today
Feb 12Should You Think About Buying Light & Wonder, Inc. (NASDAQ:LNW) Now?
Jan 28Light & Wonder: Buy On The Dip Story Is Now Even More Compelling At $85
Jan 14These 4 Measures Indicate That Light & Wonder (NASDAQ:LNW) Is Using Debt Extensively
Jan 14Estimating The Fair Value Of Light & Wonder, Inc. (NASDAQ:LNW)
Nov 11Light & Wonder: Legal Woes Ironically Could Make This A Strong Buy On The Dip Opportunity
Nov 04If EPS Growth Is Important To You, Light & Wonder (NASDAQ:LNW) Presents An Opportunity
Oct 15Investor Optimism Abounds Light & Wonder, Inc. (NASDAQ:LNW) But Growth Is Lacking
Oct 01We Think Light & Wonder (NASDAQ:LNW) Is Taking Some Risk With Its Debt
Sep 18
Share Buybacks, Global Expansion, And iGaming Innovations Promise Robust Growth
Aug 25 Investment in R&D and innovation across both land-based and digital platforms, especially in the iGaming sector, indicates a forward-looking growth strategy.Is It Time To Consider Buying Light & Wonder, Inc. (NASDAQ:LNW)?
Aug 22Light & Wonder: How Far Can The Growth Momentum Last?
Aug 20Is Light & Wonder, Inc. (NASDAQ:LNW) Trading At A 21% Discount?
Jul 30Light & Wonder: Among First Movers In The Gaming Industry's AI Revolution
Jun 07Is Light & Wonder (NASDAQ:LNW) Using Too Much Debt?
May 26Light & Wonder, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
May 11Should You Think About Buying Light & Wonder, Inc. (NASDAQ:LNW) Now?
Apr 30Light & Wonder: This Gambling Tech Operator Transformed Into A Strong Sector Entry
Mar 11Financial Position Analysis
Short Term Liabilities: LNW's short term assets ($1.2B) exceed its short term liabilities ($735.0M).
Long Term Liabilities: LNW's short term assets ($1.2B) do not cover its long term liabilities ($4.1B).
Debt to Equity History and Analysis
Debt Level: LNW's net debt to equity ratio (577.7%) is considered high.
Reducing Debt: LNW had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: LNW's debt is not well covered by operating cash flow (16.3%).
Interest Coverage: LNW's interest payments on its debt are not well covered by EBIT (2.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/27 08:21 |
| End of Day Share Price | 2025/04/25 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Light & Wonder, Inc. is covered by 36 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ishan Majumdar | Baptista Research |
| Matthew Ryan | Barrenjoey Markets Pty Limited |
| Baxter Kirk | Bell Potter |