Wynn Resorts, Limited (WYNN) Balance Sheet
WYNN balance sheet, 2025
December 31, 2025 · U.S. dollars$13.50B assets = $14.53B liabilities + −$1.03B equity
Liabilities exceed assets: shareholders’ equity is negative (−$1.03B).
Both columns are drawn to the same scale: what WYNN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
WYNN financial health
Descriptive bands, not a rating. Fiscal 2025.
WYNN balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $11.95B2016 | $13.50B2025 | +1.4%/yr | |
| Total liabilities | $11.70B2016 | $14.53B2025 | +2.4%/yr | |
| Shareholders’ equity | $257.9M2016 | −$1.03B2025 | — | |
| Cash & short-term investments | $2.63B2016 | $2.07B2025 | −2.6%/yr | |
| Total debt | $10.29B2016 | $12.29B2025 | +2.0%/yr | |
| Net cash (debt) | −$7.66B2016 | −$10.23B2025 | −$2.6B | |
| Working capital | $1.57B2016 | $1.04B2025 | −$533.7M | |
| Book value per share | $2.532016 | −$9.892025 | — | |
| Current ratio | 2.112016 | 1.632025 | −0.48 | |
| Debt / equity | 39.892016 | 6.852019 | −33.04 | |
| Shares outstanding | 101.9M2016 | 104.2M2025 | +0.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
WYNN assets
WYNN liabilities and equity
WYNN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
WYNN balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $2.07B | $2.43B | $3.72B | $3.65B | $2.52B | $3.48B | $2.35B | $2.22B | $2.97B | $2.63B |
| Cash & equivalents | $1.46B | $2.43B | $2.88B | $3.65B | $2.52B | $3.48B | $2.35B | $2.22B | $2.80B | $2.45B |
| Short-term investments | $601.8M | $0 | $845.2M | $6.7M | — | — | — | $0 | $166.8M | $173.4M |
| Receivables | $415.3M | $324.0M | $341.7M | $216.0M | $199.5M | $200.2M | $346.4M | $276.6M | $224.1M | $219.0M |
| Inventory | $88.5M | $75.8M | $75.6M | $70.1M | $70.0M | $66.3M | $88.5M | $66.6M | $71.6M | $91.5M |
| Other current assets | $114.5M | $95.7M | $100.0M | $93.0M | $84.0M | $64.7M | $69.5M | $83.1M | $156.8M | $53.3M |
| Total current assets | $2.68B | $2.92B | $4.24B | $4.03B | $2.88B | $3.81B | $2.86B | $2.64B | $3.42B | $2.99B |
| Property, plant & equipment (net) | $8.51B | $8.32B | $8.52B | $8.75B | $9.14B | $9.60B | $10.08B | $9.39B | $8.50B | $8.26B |
| Goodwill & intangible assets | $224.2M | $273.1M | $329.7M | $245.3M | $307.6M | $278.2M | $164.9M | $222.5M | $123.7M | $113.6M |
| Long-term investments | $1.02B | $648.2M | $0 | $0 | $0 | $0 | $0 | $0 | $160.7M | $128.0M |
| Other non-current assets | $1.07B | $816.4M | $903.5M | $391.0M | $210.7M | $183.0M | $773.3M | $966.5M | $474.8M | $461.9M |
| Total assets | $13.50B | $12.98B | $14.00B | $13.42B | $12.53B | $13.87B | $13.87B | $13.22B | $12.68B | $11.95B |
| Liabilities | ||||||||||
| Accounts payable | $255.3M | $205.1M | $208.3M | $197.5M | $170.5M | $148.5M | $262.4M | $321.8M | $285.4M | $298.5M |
| Short-term debt | $9.4M | $41.2M | $709.6M | $547.5M | $50.0M | $596.4M | $323.9M | $12.0M | $62.7M | $162.7M |
| Deferred revenue | $47.8M | $508.7M | $543.3M | $506.1M | $436.4M | $646.9M | $824.3M | $955.5M | $1.05B | $599.6M |
| Total current liabilities | $1.64B | $1.54B | $2.20B | $1.81B | $1.29B | $1.88B | $1.98B | $1.88B | $1.93B | $1.42B |
| Long-term debt | $12.17B | $12.12B | $12.66B | $13.18B | $11.88B | $12.47B | $10.10B | $9.41B | $9.57B | $10.13B |
| Lease obligations | $1.63B | $1.62B | $1.63B | $1.62B | $115.2M | $123.1M | $159.2M | — | — | — |
| Other long-term liabilities | $722.2M | $282.7M | $236.2M | $59.6M | $194.6M | $256.6M | $249.2M | $108.3M | $107.2M | $154.0M |
| Total liabilities | $14.53B | $13.95B | $15.10B | $15.06B | $13.37B | $14.61B | $12.33B | $11.40B | $11.60B | $11.70B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.2M | $1.2M | $1.2M | $1.50B | $1.23B |
| Retained earnings (deficit) | −$1.45B | −$1.68B | −$2.07B | −$2.71B | −$2.29B | −$1.53B | $641.8M | $921.8M | $635.1M | $95.1M |
| Treasury stock | — | — | — | — | −$1.44B | −$1.42B | −$1.41B | −$1.34B | −$1.18B | −$1.17B |
| Accumulated other comprehensive income | −$3.1M | −$5.7M | $3.4M | −$404,000 | $6.0M | $3.6M | −$1.7M | −$1.9M | −$1.8M | $1.5M |
| Minority interest | −$755.8M | −$744.4M | −$849.6M | −$889.5M | −$621.8M | −$385.3M | −$201.6M | −$219.3M | $130.5M | $99.9M |
| Total shareholders' equity | −$1.03B | −$968.6M | −$1.10B | −$1.64B | −$836.2M | −$737.3M | $1.54B | $1.81B | $1.08B | $257.9M |
| Key figures | ||||||||||
| Total debt | $12.29B | $12.17B | $13.37B | $13.73B | $12.05B | $13.19B | $10.56B | $9.42B | $9.63B | $10.29B |
| Net cash (debt) | −$10.23B | −$9.74B | −$9.65B | −$10.08B | −$9.53B | −$9.71B | −$8.21B | −$7.21B | −$6.66B | −$7.66B |
| Working capital | $1.04B | $1.38B | $2.04B | $2.22B | $1.59B | $1.93B | $873.5M | $759.3M | $1.49B | $1.57B |
| Tangible book value | −$1.26B | −$1.24B | −$1.43B | −$1.89B | −$1.14B | −$1.02B | $1.38B | $1.59B | $954.6M | $144.3M |
| Book value per share | −$9.89 | −$8.78 | −$9.76 | −$14.44 | −$7.35 | −$6.91 | $14.41 | $16.96 | $10.51 | $2.53 |
| Shares outstanding | 104.2M | 110.3M | 112.9M | 113.6M | 113.8M | 106.7M | 107.0M | 107.0M | 102.6M | 101.9M |
| Current ratio | 1.63 | 1.90 | 1.93 | 2.22 | 2.23 | 2.03 | 1.44 | 1.40 | 1.77 | 2.11 |
| Quick ratio | 1.51 | 1.79 | 1.85 | 2.13 | 2.11 | 1.96 | 1.36 | 1.32 | 1.66 | 2.01 |
| Debt / equity | — | — | — | — | — | — | 6.85 | 5.19 | 8.93 | 39.89 |
| Equity / assets | −7.6% | −7.5% | −7.9% | −12.2% | −6.7% | −5.3% | 11.1% | 13.7% | 8.5% | 2.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $2.10B | $1.19B | $2.07B | $1.96B | $1.98B | $2.07B | $2.43B | $2.41B | $2.88B | $3.27B | $3.72B | $3.58B |
| Cash & equivalents | $1.57B | $1.19B | $1.46B | $1.49B | $1.98B | $2.07B | $2.43B | $2.41B | $2.38B | $2.42B | $2.88B | $2.79B |
| Short-term investments | $527.4M | $607.6M | $601.8M | $475.0M | — | — | $0 | $1.21B | $500.0M | $848.7M | $845.2M | $791.7M |
| Receivables | $336.6M | $388.5M | $415.3M | $352.7M | $326.5M | $334.0M | $324.0M | $388.9M | $317.6M | $297.2M | $341.7M | $249.4M |
| Inventory | $89.9M | $91.6M | $88.5M | $87.8M | $80.6M | $80.6M | $75.8M | $75.5M | $72.2M | $73.7M | $75.6M | $75.1M |
| Other current assets | $126.5M | $761.4M | $114.5M | $130.8M | $112.6M | $109.7M | $95.7M | $1.32B | $103.3M | $131.1M | $100.0M | $127.0M |
| Total current assets | $2.65B | $2.43B | $2.68B | $2.53B | $2.50B | $2.59B | $2.92B | $4.19B | $3.37B | $3.77B | $4.24B | $4.03B |
| Property, plant & equipment (net) | $8.38B | $8.38B | $8.51B | $8.36B | $8.32B | $8.34B | $8.32B | $8.32B | $8.31B | $8.43B | $8.52B | $8.56B |
| Goodwill & intangible assets | $208.2M | $215.8M | $224.2M | $231.7M | $237.9M | $265.2M | $273.1M | $280.4M | $310.7M | $317.9M | $329.7M | $340.4M |
| Long-term investments | $1.17B | $1.12B | $1.02B | $867.7M | $769.3M | $706.4M | $648.2M | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $747.6M | $764.3M | $1.07B | $805.3M | $852.4M | $819.3M | $816.4M | $1.32B | $1.30B | $952.3M | $903.5M | $407.5M |
| Total assets | $13.16B | $12.91B | $13.50B | $12.80B | $12.69B | $12.72B | $12.98B | $14.11B | $13.29B | $13.47B | $14.00B | $13.34B |
| Liabilities | ||||||||||||
| Accounts payable | $240.7M | $222.9M | $255.3M | $204.6M | $201.7M | $223.7M | $205.1M | $213.0M | $200.7M | $176.4M | $208.3M | $187.9M |
| Short-term debt | $1.43B | $547.8M | $9.4M | $4.7M | $999.1M | $1.04B | $41.2M | $1.24B | $1.29B | $1.29B | $709.6M | $112.1M |
| Deferred revenue | $512.7M | $498.5M | $47.8M | $531.6M | $508.6M | $491.3M | $508.7M | $538.1M | $488.6M | $489.9M | $543.3M | $517.1M |
| Total current liabilities | $2.91B | $1.96B | $1.64B | $1.44B | $2.42B | $2.40B | $1.54B | $2.74B | $2.60B | $2.63B | $2.20B | $1.51B |
| Long-term debt | $9.30B | $9.98B | $12.17B | $12.19B | $11.17B | $11.14B | $12.12B | $10.55B | $9.74B | $9.92B | $11.03B | $11.68B |
| Lease obligations | $1.62B | $1.64B | $1.63B | $1.63B | $1.62B | $1.63B | $1.62B | $1.62B | $1.62B | $1.64B | $1.63B | $1.61B |
| Other long-term liabilities | $1.86B | $1.91B | $722.2M | $310.4M | $303.5M | $284.7M | $282.7M | $1.89B | $1.85B | $1.86B | $1.87B | $1.85B |
| Total liabilities | $14.07B | $13.85B | $14.53B | $13.94B | $13.90B | $13.83B | $13.95B | $15.18B | $14.19B | $14.42B | $15.10B | $15.05B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.4M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M |
| Retained earnings (deficit) | −$1.25B | −$1.36B | −$1.45B | −$1.53B | −$1.59B | −$1.63B | −$1.68B | −$1.93B | −$1.87B | −$1.95B | −$2.07B | −$2.77B |
| Accumulated other comprehensive income | $6.7M | $6.0M | −$3.1M | −$1.7M | $10.6M | −$3.1M | −$5.7M | −$4.4M | $2.2M | $4.8M | $3.4M | $6.2M |
| Minority interest | −$737.2M | −$730.5M | −$755.8M | −$771.4M | −$766.4M | — | — | — | — | — | — | — |
| Total shareholders' equity | −$169.5M | −$211.8M | −$1.03B | −$1.14B | −$1.21B | −$1.10B | −$968.6M | −$1.07B | −$902.0M | −$946.4M | −$1.10B | −$1.71B |
| Key figures | ||||||||||||
| Total debt | $12.34B | $12.16B | $12.18B | $12.20B | $12.17B | $12.18B | $12.17B | $13.41B | $12.65B | $12.85B | $13.37B | $13.41B |
| Net cash (debt) | −$10.24B | −$10.97B | −$10.11B | −$10.24B | −$10.18B | −$10.11B | −$9.74B | −$11.00B | −$9.77B | −$9.58B | −$9.65B | −$9.83B |
| Working capital | −$254.8M | $472.7M | $1.04B | $1.09B | $81.4M | $197.7M | $1.38B | $1.45B | $771.5M | $1.14B | $2.04B | $2.52B |
| Tangible book value | −$377.7M | −$427.6M | −$1.26B | −$1.37B | −$1.45B | −$1.37B | −$1.24B | −$1.35B | −$1.21B | −$1.26B | −$1.43B | −$2.05B |
| Book value per share | −$1.64 | −$2.04 | −$9.93 | −$11.01 | −$11.64 | −$10.42 | −$8.78 | −$9.71 | −$8.11 | −$8.50 | −$9.83 | −$15.15 |
| Shares outstanding | 103.4M | 103.8M | 103.9M | 103.6M | 103.8M | 105.7M | 110.3M | 109.7M | 111.2M | 111.3M | 112.0M | 112.8M |
| Current ratio | 0.91 | 1.24 | 1.63 | 1.76 | 1.03 | 1.08 | 1.90 | 1.53 | 1.30 | 1.43 | 1.93 | 2.66 |
| Quick ratio | 0.84 | 0.81 | 1.51 | 1.61 | 0.95 | 1.00 | 1.79 | 1.02 | 1.23 | 1.35 | 1.85 | 2.53 |
| Equity / assets | −1.3% | −1.6% | −7.6% | −8.9% | −9.5% | −8.7% | −7.5% | −7.6% | −6.8% | −7.0% | −7.9% | −12.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 2, 2026); data from EODHD.
WYNN financial position
At the end of fiscal 2025 (December 31, 2025), Wynn Resorts had total assets of $13.5 billion (up 4.0% from a year earlier), total liabilities of $14.5 billion and shareholders' equity of -$1.0 billion. It held $2.1 billion in cash and short-term investments against $12.3 billion of debt, net debt of $10.2 billion. Its current ratio was 1.63. In the latest quarter (ended June 30, 2026) total assets were $13.2 billion and equity -$169.5 million.
Related: WYNN income statement, WYNN cash flow statement, WYNN key metrics. See the WYNN stock overview for the latest quote and news.
WYNN balance sheet FAQ
What are Wynn Resorts's total assets?
Wynn Resorts reported total assets of $13.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $13.0 billion a year earlier.
How much debt does Wynn Resorts have?
Wynn Resorts had $12.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Wynn Resorts have?
Wynn Resorts held $2.1 billion in cash and short-term investments at the end of fiscal 2025; with $12.3 billion of debt that is net debt of $10.2 billion.
What is Wynn Resorts's book value?
Wynn Resorts's shareholders' equity (book value) was -$1.0 billion at the end of fiscal 2025, or −$9.89 per share.
What is Wynn Resorts's current ratio?
Wynn Resorts had current assets of $2.7 billion and current liabilities of $1.6 billion, a current ratio of 1.63 (it can cover its short-term obligations).
How much goodwill does Wynn Resorts have?
Wynn Resorts carried $224.2 million of goodwill and intangible assets, 1.7% of total assets, at the end of fiscal 2025.