Name: Financial Leverage

Definition: Financial leverage tells you how much borrowed money the company uses to boost its size and profits. Using leverage can help a business grow faster, but it also increases pressure if sales slow down. Moderate leverage is common and often healthy. Excessive leverage can be dangerous, especially during tough economic times.

Interpretation:
• In '2021', LYV's financial leverage was -24.72, indicating how much debt is used to finance assets. Industry average for Services-Misc. Amusement & Recreation in '2021' stood at 2.76.
• In '2022', LYV's financial leverage was -32.48, indicating how much debt is used to finance assets. The decrease since '2021' reflects improving financial health. Industry average for Services-Misc. Amusement & Recreation in '2022' stood at 2.35. Industry average declined by 0.42 from previous year.
• In '2023', LYV's financial leverage was -84.53, indicating how much debt is used to finance assets. The decrease since '2022' reflects improving financial health. Industry average for Services-Misc. Amusement & Recreation in '2023' stood at 1.92. Industry average declined by 0.43 from previous year.
• In '2024', LYV's financial leverage was 319.68, indicating how much debt is used to finance assets. The increase compared to '2023' may signal growing financial pressure. Industry average for Services-Misc. Amusement & Recreation in '2024' stood at 3.06. Industry average increased by 1.14 compared to previous year.
Overall, LYV's financial leverage has been volatile but showed an upward trend over the past 4 years.

Formula: Financial Leverage = Average Total Assets / Average Shareholders' Equity

Good Range: 1 to 3 common; above 3 may indicate high leverage risk.