What is Bally's's debt-to-equity?

Bally's (BALY) reported debt-to-equity of 8.6× in Q1 2026.

How has Bally's's debt-to-equity changed year-over-year?

Bally's's debt-to-equity increased by 23.8% year-over-year, from 7× to 8.6×.

What is the long-term trend for Bally's's debt-to-equity?

Over 5 years (2020 to 2025), Bally's's debt-to-equity has grown at a 12.7% compound annual growth rate (CAGR), from 3.6× to 6.5×.

What does debt-to-equity mean?

Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

Bally's BALY Debt-to-equity

Debt-to-equity at other companies

MGM Resorts InternationalMGM

13×+1.9×

PENN Entertainment, Inc.PENN

4.8×+1.9×

Caesars Entertainment, Inc.CZR

7.3×+1.1×

DraftKings Inc.DKNG

1.1×+0.3×

Accel EntertainmentACEL

2.1×-0.1×

Boyd GamingBYD

1.2×-2.0×

Other financials

Income statement

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Revenue$755.7M+105%

Operating income$91.6M+5,161%

Net income-$161.9M-569%

EPS (diluted)-$2.69-572%

Balance sheet

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Cash & equivalents$653.4M+183%

Total debt$6.8B+23.0%

Total equity$791.3M-0.6%

Total assets$10.9B+45.9%

Cash flow

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Operating cash flow-$145.0M-445%

CapEx$38.9M+27.6%

Free cash flow-$183.9M-1,693%

Valuation

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Market cap$707.8M+45.9%

Enterprise value$6.88B+18.6%

P/S0.2×-0.1×

Profitability

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Operating margin-4.2%-1.4pp

Net margin-25.3%+31.2pp

FCF margin-12%—

Returns & leverage

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Return on equity-144%-434pp

Current ratio1.1×+0.4×

Where this comes from

Calculated from Bally's’s reported figures.

total debt/total stockholders equity=8.6×

Based on the most recent quarter.

The official record: Bally's’s 10-Q, filed May 18, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Bally's's debt-to-equity?: Bally's (BALY) reported debt-to-equity of 8.6× in Q1 2026.
How has Bally's's debt-to-equity changed year-over-year?: Bally's's debt-to-equity increased by 23.8% year-over-year, from 7× to 8.6×.
What is the long-term trend for Bally's's debt-to-equity?: Over 5 years (2020 to 2025), Bally's's debt-to-equity has grown at a 12.7% compound annual growth rate (CAGR), from 3.6× to 6.5×.
What does debt-to-equity mean?: Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.