MGM Resorts International (LTS:0JWC) Cash-to-Debt : 0.09 (As of Sep. 2024)

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What is MGM Resorts International Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. MGM Resorts International's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.09.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, MGM Resorts International couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for MGM Resorts International's Cash-to-Debt or its related term are showing as below:

LTS:0JWC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.13 Max: 0.3
Current: 0.09

During the past 13 years, MGM Resorts International's highest Cash to Debt Ratio was 0.30. The lowest was 0.08. And the median was 0.13.

LTS:0JWC's Cash-to-Debt is ranked worse than
79.51% of 820 companies
in the Travel & Leisure industry
Industry Median: 0.545 vs LTS:0JWC: 0.09

MGM Resorts International Cash-to-Debt Historical Data

The historical data trend for MGM Resorts International's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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MGM Resorts International Cash-to-Debt Chart

MGM Resorts International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.15

0.24

0.19

0.17

0.09

MGM Resorts International Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.10	0.09	0.09	0.08	0.09

Competitive Comparison of MGM Resorts International's Cash-to-Debt

For the Resorts & Casinos subindustry, MGM Resorts International's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MGM Resorts International's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, MGM Resorts International's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where MGM Resorts International's Cash-to-Debt falls into.

MGM Resorts International Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

MGM Resorts International's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2927.833	/	(84.154	+	31471.274)
	=	0.09

MGM Resorts International's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2950.592	/	(675	+	31326.492)
	=	0.09

MGM Resorts International (LTS:0JWC) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

MGM Resorts International Cash-to-Debt Related Terms

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MGM Resorts International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » MGM Resorts International (LTS:0JWC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MGM:USA MGM:Mexico MGG:Germany MGG:Germany 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 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented a low 20s share of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and i-gaming 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. We estimate MGM will open a resort in Japan in 2030.

MGM Resorts International Headlines

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