Light & Wonder (LAWIL) Debt Ratio (2009 - 2026)
Light & Wonder's Debt Ratio came in at 0.79 for Q3 2026, up 3.8% from 0.76 a year earlier but down 2.3% from the prior quarter.
Powered by 
Analysis
Light & Wonder (LAWIL) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Light & Wonder's Debt Ratio was 0.80, up 11.9% from FY2024.
- Debt Ratio has increased in each of the last three years.
- Going back by year, Debt Ratio was 0.71 in FY2024 (+2.3%), 0.70 in FY2023 (+7.7%), 0.65 in FY2022 (-41.2%) and 1.10 in FY2021 (-5.4%).
- The five-year range for quarterly Debt Ratio is 0.60 (Q2 2022) to 1.11 (Q1 2022).
- Year-over-year, Debt Ratio has increased for 14 consecutive quarters, with growth averaging 7.3% over the last eight quarters.
- The fastest year-over-year change in Debt Ratio over five years came in Q1 2026 (growth of 12.7%), and the weakest in Q2 2022 (a decline of 48.2%).
- Business Quant data shows LAWIL's Debt Ratio at 0.81 (Q2 2026), 0.81 (Q1 2026) and 0.80 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 44.86 Bn | 38.23 Bn | 655.12 Mn | 0.82 |
| 2 | Vail Resorts | 28.33 Bn | 27.04 Bn | - | 0.58 |
| 3 | Las Vegas Sands | 25.59 Bn | 12.41 Bn | 1.47 Bn | 0.80 |
| 4 | DraftKings | 17.25 Bn | 13.04 Bn | 429.05 Mn | 0.27 |
| 5 | Flutter Entertainment | 14.34 Bn | 7.97 Bn | 1.52 Bn | 0.45 |
| 6 | Life Time Group Holdings | 10.65 Bn | 9.82 Bn | 419.01 Mn | 0.17 |
| 7 | MGM Resorts International | 8.32 Bn | -116.89 Mn | 1.73 Bn | 0.14 |
| 8 | MSG Knickerbockers | 7.63 Bn | 7.24 Bn | 36.67 Mn | 0.20 |
| 9 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 0.79 |
| 10 | Churchill Downs | 6.99 Bn | 6.25 Bn | 207.00 Mn | 0.63 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.79 |
| Jun 30, 2026 | 0.81 |
| Mar 31, 2026 | 0.81 |
| Dec 31, 2025 | 0.80 |
| Sep 30, 2025 | 0.76 |
| Jun 30, 2025 | 0.75 |
| Mar 31, 2025 | 0.72 |
| Dec 31, 2024 | 0.71 |
| Sep 30, 2024 | 0.69 |
| Jun 30, 2024 | 0.70 |
| Mar 31, 2024 | 0.69 |
| Dec 31, 2023 | 0.70 |
| Sep 30, 2023 | 0.66 |
| Jun 30, 2023 | 0.65 |
| Mar 31, 2023 | 0.65 |
| Dec 31, 2022 | 0.65 |
| Sep 30, 2022 | 0.62 |
| Jun 30, 2022 | 0.60 |
| Mar 31, 2022 | 1.11 |
| Dec 31, 2021 | 1.10 |
API Access
Light & Wonder Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=LAWIL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "LAWIL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=LAWIL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();