MGM Resorts International (FRA:MGG) Cash And Cash Equivalents : €2,505 Mil (As of Mar. 2024)

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What is MGM Resorts International Cash And Cash Equivalents?

MGM Resorts International's quarterly cash and cash equivalents declined from Sep. 2023 (€3,107.43 Mil) to Dec. 2023 (€2,684.82 Mil) but then stayed the same from Dec. 2023 (€2,684.82 Mil) to Mar. 2024 (€2,504.51 Mil).

MGM Resorts International's annual cash and cash equivalents increased from Dec. 2021 (€4,162.21 Mil) to Dec. 2022 (€5,580.83 Mil) but then declined from Dec. 2022 (€5,580.83 Mil) to Dec. 2023 (€2,684.82 Mil).

MGM Resorts International Cash And Cash Equivalents Historical Data

The historical data trend for MGM Resorts International's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MGM Resorts International Cash And Cash Equivalents Chart

MGM Resorts International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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2,096.64

4,193.55

4,162.21

5,580.83

2,684.82

MGM Resorts International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															4,207.97	3,547.43	3,107.43	2,684.82	2,504.51

MGM Resorts International Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

MGM Resorts International (FRA:MGG) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

MGM Resorts International Cash And Cash Equivalents Related Terms

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MGM Resorts International (FRA:MGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » MGM Resorts International (FRA:MGG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

MGM:USA MGM:Mexico M1GM34:Brazil

Address

3600 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109

Website

https://www.mgmresorts.com

MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 74% of total EBITDAR in 2022. MGM also owns U.S. regional assets, which represented 31% of 2022 EBITDAR (MGM's Macao EBITDAR was negative in 2022). MGM's U.S. sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.

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