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Caesars Entertainment logo
Caesars Entertainment CZR
$ 28.8 0.02%
report update icon

Quarterly report 2025-Q3
added 07-28-2026

Caesars Entertainment Balance Sheet 2025-2011 | CZR

Brief overview of Caesars Entertainment's balance sheet structure

The review uses the five latest available annual reports between 2021 and 2025.

Assets declined from $38 billion to $31.6 billion, or -16.8%. The contraction calls for context such as disposals, restructuring or weaker operations.

Assets and liabilities changed at similar rates, -16.8% and -16.5%. The funding mix did not shift sharply.

The equity ratio equals 11.1%, with a starting level of 11.9%. Stable cash flow is important under this structure.

Each unit of equity supports 3.08x of net debt. This elevated load requires dependable cash generation.

The cash reserve occupies 2.8% of the balance sheet, previously 2.8%. It is one marker of short-term resilience.

Retained earnings are negative at -$3.3 billion. This reduces the formal capital cushion, although large shareholder returns may have contributed.

Overall picture

Caesars Entertainment's financial structure calls for caution. Stronger equity, lower debt or restored liquidity would be needed to improve it.

Annual Balance Sheet Caesars Entertainment

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Net Debt

10.8 B 11.2 B 11.2 B 11.7 B 12.7 B 12.4 B 2.36 B 3.03 B 2.06 B 739 M 788 M 691 M 141 M 19.7 B 18.9 B

Long Term Debt

11.7 B 12 B 12.2 B 12.7 B 13.7 B 67 M 2.32 B 3.26 B 2.19 B 796 M 862 M 779 M 168 M 20.5 B 19.8 B

Long Term Debt Current

20 M 21 M 23 M 50 M 70 M 52 M 20 M 462 K 615 K 4.54 M 4.52 M - - - -

Total Non Current Liabilities

- - - - - 1.3 B 3.83 B 4.48 B 2.38 B 894 M 949 M 932 M 169 M 25.8 B 25.9 B

Total Current Liabilities

2.25 B 2.27 B 2.69 B 2.67 B 5.3 B 2.58 B 688 M 402 M 224 M 102 M 106 M 91.8 M - - -

Total Liabilities

28 B 28.2 B 28.6 B 29.8 B 33.5 B 31.4 B 4.52 B 4.88 B 2.6 B 996 M 1.05 B 1.02 B 195 M 28.4 B 27.5 B

Deferred Revenue

546 M 592 M 749 M 747 M - 1.17 B 13.5 M 17.6 M - - - - - 114 M 170 M

Retained Earnings

-3.3 B -2.8 B -2.52 B -3.31 B - -1.39 B 366 M 290 M 198 M 125 M 99.8 M -14.4 M - -7.37 B -5.78 B

Total Assets

31.6 B 32.6 B 33.4 B 33.5 B 38 B 36.4 B 5.64 B 5.91 B 3.55 B 1.29 B 1.33 B 1.18 B 270 M 28 B 28.5 B

Cash and Cash Equivalents

887 M 866 M 1 B 1.04 B 1.07 B 1.76 B 206 M 231 M 135 M 61 M 78.3 M 87.6 M 29.8 M 25.3 M -

Book Value

3.69 B 4.38 B 4.72 B 3.75 B 4.54 B 5.03 B 1.12 B 1.03 B 945 M 298 M 271 M 152 M 75.6 M -412 M 1.01 B

Total Shareholders Equity

3.5 B 4.16 B 4.55 B 3.71 B 4.54 B 5.02 B 1.12 B 1.03 B 942 M 296 M 271 M 152 M 75.6 M 61 M -

All numbers in USD currency

Quarterly Balance Sheet Caesars Entertainment

2026-Q1 2025-Q3 2025-Q2 2025-Q1 2024-Q3 2024-Q2 2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Long Term Debt

11.7 B 11.7 B 12 B 12 B 12.4 B 12.2 B 12.2 B 12.2 B 12.5 B - 12.7 B - - 13.7 B 13.7 B 14.5 B 13.8 B 14.1 B 14.1 B 14.1 B 14.1 B 14.1 B 2.32 B 2.32 B 2.32 B 2.32 B 3.26 B 3.26 B 3.26 B 3.26 B 2.19 B 2.19 B 2.19 B 2.19 B 796 M 796 M 796 M 796 M 862 M 862 M 862 M 862 M 775 M 775 M 779 M 779 M 168 M 168 M - - - - - - - - - -

Total Liabilities

28.1 B 27.9 B 28.4 B 28.1 B 28.6 B 28.6 B 28.5 B 28.5 B 28.8 B - 29.8 B - - 33.2 B 33.5 B 34 B 33.7 B 31.4 B 31.4 B 31.4 B 31.4 B 31.4 B 4.52 B 4.52 B 4.52 B 4.52 B 4.88 B 4.88 B 4.88 B 4.88 B 2.6 B 2.6 B 2.6 B 2.6 B 998 M 996 M 996 M 996 M 1.05 B 1.05 B 1.05 B 1.05 B 1.02 B 1.02 B 1.02 B 1.02 B 195 M 195 M - - - - - - - - - -

Deferred Revenue

- - - - - - - - - - - - - - 614 M - - - 251 M - - - 32 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Retained Earnings

- - - - - - - - - - - - - - -2.41 B - - - -1.39 B - 90.8 M 191 M 366 M 380 M 366 M 366 M 290 M 290 M 290 M 290 M 195 M 195 M 195 M 195 M 122 M 125 M 125 M 125 M 99.8 M 99.8 M 99.8 M 99.8 M -14.4 M -14.4 M -14.4 M -14.4 M - - - - - - - - - - - -

Total Assets

31.7 B 31.9 B 32.5 B 32.4 B 33 B 33.1 B 33.1 B 33.2 B 33.5 B - 33.5 B - - 37.1 B 38 B 39 B 38.8 B 36 B 36.4 B 36.4 B 36.4 B 36.4 B 5.64 B 5.64 B 5.64 B 5.64 B 5.91 B 5.91 B 5.91 B 5.91 B 3.55 B 3.55 B 3.55 B 3.55 B 1.29 B 1.29 B 1.29 B 1.29 B 1.33 B 1.33 B 1.33 B 1.33 B 1.17 B 1.17 B 1.18 B 1.18 B 270 M 270 M - - - - - - - - - -

Cash and Cash Equivalents

867 M 836 M 982 M 884 M 802 M 830 M 726 M 841 M 1.12 B 965 M 1.04 B 944 M 997 M 814 M 1.07 B 1.07 B 1.13 B 1.81 B 1.78 B 1.78 B 1.78 B 1.76 B 206 M 206 M 206 M 206 M 231 M 231 M 231 M 231 M 135 M 135 M 135 M 135 M 61 M 61 M 61 M 61 M 78.3 M 78.3 M 78.3 M 78.3 M 87.6 M 87.6 M 87.6 M 87.6 M 29.8 M 29.8 M - - 25.3 M - - - 30.2 M - - -

Book Value

3.6 B 3.98 B 4.12 B 4.28 B 4.38 B 4.5 B 4.59 B 4.74 B 4.67 B - 3.75 B - - 3.85 B 4.54 B 4.95 B 5.16 B 4.63 B 5.03 B 5.03 B 5.03 B 5.03 B 1.12 B 1.12 B 1.12 B 1.12 B 1.03 B 1.03 B 1.03 B 1.03 B 942 M 942 M 942 M 942 M 296 M 298 M 298 M 298 M 271 M 271 M 271 M 271 M 152 M 152 M 152 M 152 M 75.6 M 75.6 M - - - - - - - - - -

Total Shareholders Equity

3.42 B 3.78 B 3.9 B 4.28 B 4.18 B 4.5 B 4.59 B 4.74 B 4.67 B 3.64 B 3.71 B 3.89 B 3.71 B 3.85 B 4.48 B 4.89 B 5.13 B 4.61 B 5.02 B 5.02 B 5.02 B 5.02 B 1.12 B 1.12 B 1.12 B 1.12 B 1.03 B 1.03 B 1.03 B 1.03 B 942 M 942 M 942 M 942 M 296 M 298 M 298 M 298 M 268 M 271 M 271 M 146 M 152 M 164 M 152 M 152 M 75.6 M 75.6 M - - 61 M - - - 66 M - - -

All numbers in USD currency

Balance Sheet is a fundamental financial report of Caesars Entertainment, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

Balance sheet of other industry stocks – Resorts casinos

Issuer Price % 24h Market Cap Country
Wyndham Hotels & Resorts Wyndham Hotels & Resorts
WH
$ 75.6 0.29 % $ 5.81 B usaUSA
GreenTree Hospitality Group Ltd. GreenTree Hospitality Group Ltd.
GHG
$ 0.94 0.11 % $ 94.6 M -
Hilton Worldwide Holdings Hilton Worldwide Holdings
HLT
$ 345.12 0.62 % $ 81.4 B usaUSA
Hilton Grand Vacations Hilton Grand Vacations
HGV
$ 35.44 0.03 % $ 3.19 B usaUSA
Huazhu Group Limited Huazhu Group Limited
HTHT
$ 46.5 1.22 % $ 143 B chinaChina
Choice Hotels International Choice Hotels International
CHH
$ 108.41 1.39 % $ 5.01 B usaUSA
The InterGroup Corporation The InterGroup Corporation
INTG
$ 32.38 0.28 % $ 69.6 M usaUSA
InterContinental Hotels Group PLC InterContinental Hotels Group PLC
IHG
$ 167.77 0.94 % $ 25.9 B britainBritain
Vail Resorts Vail Resorts
MTN
$ 151.01 0.7 % $ 5.4 B usaUSA
Studio City International Holdings Limited Studio City International Holdings Limited
MSC
$ 0.98 0.6 % $ 205 M canadaCanada
Bluegreen Vacations Corporation Bluegreen Vacations Corporation
BXG
- -2.51 % $ 676 M usaUSA
Century Casinos Century Casinos
CNTY
$ 0.79 5.34 % $ 23.8 M usaUSA
Marriott International Marriott International
MAR
$ 388.05 0.61 % $ 106 B usaUSA
Monarch Casino & Resort Monarch Casino & Resort
MCRI
$ 113.59 0.22 % $ 2.08 B usaUSA
Penn National Gaming Penn National Gaming
PENN
$ 14.94 0.07 % $ 2.16 B usaUSA
Extended Stay America, Inc. Extended Stay America, Inc.
STAY
- - $ 3.64 B usaUSA
Red Lion Hotels Corporation Red Lion Hotels Corporation
RLH
- - $ 89 M usaUSA
Golden Entertainment Golden Entertainment
GDEN
- - $ 805 M usaUSA
Red Rock Resorts Red Rock Resorts
RRR
- 2.49 % $ 4.56 B usaUSA
Wynn Resorts, Limited Wynn Resorts, Limited
WYNN
$ 75.6 4.39 % $ 7.84 B usaUSA
Full House Resorts Full House Resorts
FLL
$ 1.09 0.93 % $ 39.3 M usaUSA
Hyatt Hotels Corporation Hyatt Hotels Corporation
H
$ 169.13 0.13 % $ 16.2 B usaUSA
Playa Hotels & Resorts N.V. Playa Hotels & Resorts N.V.
PLYA
- -0.07 % $ 1.75 B niderlandNiderland
Las Vegas Sands Corp. Las Vegas Sands Corp.
LVS
$ 38.01 0.08 % $ 26.3 B usaUSA
MGM Resorts International MGM Resorts International
MGM
$ 28.6 1.78 % $ 7.87 B usaUSA
Melco Resorts & Entertainment Limited Melco Resorts & Entertainment Limited
MLCO
$ 4.15 2.86 % $ 4.96 B chinaChina
Boyd Gaming Corporation Boyd Gaming Corporation
BYD
$ 70.04 0.14 % $ 5.72 B usaUSA
Marriott Vacations Worldwide Corporation Marriott Vacations Worldwide Corporation
VAC
$ 110.93 0.14 % $ 3.87 B usaUSA