Debt-to-Equity Ratio

A company’s Debt-to-Equity (D/E) ratio compares its total liabilities to shareholders’ equity.

A negative value, here -61.05x, means the company has more liabilities than assets, resulting in negative equity—a common sign of financial distress. This ratio sits far below the sector median of 0.73x, placing LYV at the 0th percentile among peers, indicating it carries much higher leverage than nearly all comparable firms. Over the last eight quarters, the metric’s trend is described as decreasing, while the quarter-over-quarter change shows a +19.6% shift (from -75.92x to -61.05x); the year-over-year change is not available. The combination of an extremely negative D/E level and a modest improvement still leaves the ratio deep in negative territory, pointing to ongoing financial risk that may limit access to capital or raise default concerns. This metric strongly supports the overall CAUTIOUS verdict, as the company’s negative equity and extreme leverage represent fundamental red flags for investors.

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