MGM China Holdings (MGM China Holdings) Debt-to-Equity : -18.31 (As of Dec. 2023)

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What is MGM China Holdings Debt-to-Equity?

MGM China Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $753 Mil. MGM China Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,358 Mil. MGM China Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-170 Mil. MGM China Holdings's debt to equity for the quarter that ended in Dec. 2023 was -18.31.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for MGM China Holdings's Debt-to-Equity or its related term are showing as below:

MCHVF' s Debt-to-Equity Range Over the Past 10 Years
Min: -18.31 Med: 2.07 Max: 20.17
Current: -18.31

During the past 13 years, the highest Debt-to-Equity Ratio of MGM China Holdings was 20.17. The lowest was -18.31. And the median was 2.07.

MCHVF's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.47 vs MCHVF: -18.31

MGM China Holdings Debt-to-Equity Historical Data

The historical data trend for MGM China Holdings's Debt-to-Equity 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.

* Premium members only.

MGM China Holdings Debt-to-Equity Chart

MGM China Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.61

4.26

20.17

-8.24

-18.31

MGM China Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															20.17	-25.74	-8.24	-8.52	-18.31

Competitive Comparison of MGM China Holdings's Debt-to-Equity

For the Resorts & Casinos subindustry, MGM China Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 China Holdings's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where MGM China Holdings's Debt-to-Equity falls into.

MGM China Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MGM China Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(753.043	+	2358.157)	/	-169.943
	=	-18.31

MGM China Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(753.043	+	2358.157)	/	-169.943
	=	-18.31

MGM China Holdings (OTCPK:MCHVF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

MGM China Holdings Debt-to-Equity Related Terms

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MGM China Holdings (MGM China Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » MGM China Holdings Ltd (OTCPK:MCHVF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MCHVY:USA 02282:Hong Kong

Address

Avenida Dr. Sun Yat Sen, Edificio MGM MACAU NAPE, Macao, MAC

Website

https://en.mgmchinaholdings.com

MGM China is one of six casino license holders in Macao and operates two integrated resorts: the MGM Macau casino in the Macao Peninsula and MGM Cotai. The company is allowed to operate 750 gaming tables during its new 10-year concession period of 2023-32.