• Boyd Gaming average debt/equity ratio for 2023 was 1.67, a 11.17% increase from 2022.
• Boyd Gaming average debt/equity ratio for 2022 was 1.88, a 22.31% decline from 2021.
• Boyd Gaming average debt/equity ratio for 2021 was 2.42, a 39.65% decline from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.