Light & Wonder annual debt-to-equity ratio
2009
2010
2011
2012
2013
2014
2022
2023
2024
2025
Light & Wonder Debt-to-Equity Ratio Growth & History (LAWIL)
Light & Wonder's debt-to-equity ratio was 21.27 for fiscal 2025.
View full Light & Wonder company overviewLight & Wonder annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 21.27 | 15.11 | +245.28% |
| 2024 | 2024-12-31 | 6.16 | 1.02 | +19.82% |
| 2023 | 2023-12-31 | 5.14 | 1.15 | +28.89% |
| 2022 | 2022-12-31 | 3.99 | — | — |
| 2014 | 2014-12-31 | 2,183.59 | 2,175.08 | +25548.25% |
| 2013 | 2013-12-31 | 8.51 | 4.53 | +113.94% |
| 2012 | 2012-12-31 | 3.98 | 0.90 | +29.40% |
| 2011 | 2011-12-31 | 3.08 | 0.01 | +0.27% |
| 2010 | 2010-12-31 | 3.07 | 0.90 | +41.61% |
| 2009 | 2009-12-31 | 2.17 | — | — |
Light & Wonder quarterly debt-to-equity ratio
Q4.09
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 17.13 | 10.15 | +145.20% |
| Q1 2026 | 2026-03-31 | 16.68 | 10.30 | +161.54% |
| Q4 2025 | 2025-12-31 | 21.27 | 15.11 | +245.28% |
| Q3 2025 | 2025-09-30 | 6.91 | 2.33 | +51.03% |
| Q2 2025 | 2025-06-30 | 6.99 | 2.00 | +40.10% |
| Q1 2025 | 2025-03-31 | 6.38 | 1.67 | +35.57% |
| Q4 2024 | 2024-12-31 | 6.16 | 1.02 | +19.82% |
| Q3 2024 | 2024-09-30 | 4.57 | 0.48 | +11.77% |
| Q2 2024 | 2024-06-30 | 4.99 | 1.23 | +32.83% |
| Q1 2024 | 2024-03-31 | 4.70 | 0.79 | +20.23% |
| Q4 2023 | 2023-12-31 | 5.14 | 1.15 | +28.89% |
| Q3 2023 | 2023-09-30 | 4.09 | 0.40 | +10.83% |
| Q2 2023 | 2023-06-30 | 3.75 | −1.13 | −23.06% |
| Q1 2023 | 2023-03-31 | 3.91 | — | — |
| Q4 2022 | 2022-12-31 | 3.99 | — | — |
| Q3 2022 | 2022-09-30 | 3.69 | — | — |
| Q2 2022 | 2022-06-30 | 4.88 | — | — |
| Q4 2014 | 2014-12-31 | 2,183.59 | 2,175.08 | +25548.25% |
| Q3 2014 | 2014-09-30 | 30.36 | 26.28 | +643.60% |
| Q2 2014 | 2014-06-30 | 14.27 | 9.59 | +204.92% |
| Q1 2014 | 2014-03-31 | 11.20 | 6.61 | +143.99% |
| Q4 2013 | 2013-12-31 | 8.51 | 4.53 | +113.94% |
| Q3 2013 | 2013-09-30 | 4.08 | 0.45 | +12.36% |
| Q2 2013 | 2013-06-30 | 4.68 | 1.61 | +52.35% |
| Q1 2013 | 2013-03-31 | 4.59 | 1.75 | +61.92% |
| Q4 2012 | 2012-12-31 | 3.98 | 0.90 | +29.40% |
| Q3 2012 | 2012-09-30 | 3.63 | 0.61 | +20.31% |
| Q2 2012 | 2012-06-30 | 3.07 | 0.34 | +12.43% |
| Q1 2012 | 2012-03-31 | 2.83 | −0.02 | −0.72% |
| Q4 2011 | 2011-12-31 | 3.08 | 0.01 | +0.27% |
| Q3 2011 | 2011-09-30 | 3.02 | 0.65 | +27.16% |
| Q2 2011 | 2011-06-30 | 2.73 | 0.27 | +10.85% |
| Q1 2011 | 2011-03-31 | 2.85 | — | — |
| Q4 2010 | 2010-12-31 | 3.07 | 0.90 | +41.61% |
| Q3 2010 | 2010-09-30 | 2.38 | — | — |
| Q2 2010 | 2010-06-30 | 2.46 | — | — |
| Q4 2009 | 2009-12-31 | 2.17 | — | — |
Light & Wonder debt-to-equity ratio trends
Between the periods ended 2009-12-31 and 2025-12-31, Light & Wonder's debt-to-equity ratio increased from 2.17 to 21.27, a change of 19.10. The latest reported quarter, Q2 2026, shows 17.13.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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