Eldorado Resorts fourth-quarter earnings plunge by 99.13 percent on a YOY basis
Source: IRIS | 12 Mar, 2017, 10.01PM
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Working capital turns negative
Working capital of Eldorado Resorts has turned negative to $0.29 million on Dec. 31, 2016 from positive $10.47 million on Dec. 31, 2015. Current ratio was at 1 as on Dec. 31, 2016, down from 1.10 on Dec. 31, 2015.
Debt comes down
Eldorado Resorts has recorded a decline in total debt over the last one year. It stood at $800.43 million as on Dec. 31, 2016, down 7.60 percent or $65.81 million from $866.24 million on Dec. 31, 2015. Total debt was 61.85 percent of total assets as on Dec. 31, 2016, compared with 65.38 percent on Dec. 31, 2015. Debt to equity ratio was at 2.68 as on Dec. 31, 2016, down from 3.20 as on Dec. 31, 2015. Interest coverage ratio deteriorated to 1.04 for the quarter from 1.05 for the same period last year.
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