Studio City International Holdings (Studio City International Holdings) Debt-to-Equity : 3.22 (As of Dec. 2023)

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What is Studio City International Holdings Debt-to-Equity?

Studio City International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.1 Mil. Studio City International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,347.4 Mil. Studio City International Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $729.0 Mil. Studio City International Holdings's debt to equity for the quarter that ended in Dec. 2023 was 3.22.

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 Studio City International Holdings's Debt-to-Equity or its related term are showing as below:

MSC' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.25 Med: 2.33 Max: 3.22
Current: 3.22

During the past 9 years, the highest Debt-to-Equity Ratio of Studio City International Holdings was 3.22. The lowest was 1.25. And the median was 2.33.

MSC's Debt-to-Equity is ranked worse than
88.53% of 689 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs MSC: 3.22

Studio City International Holdings Debt-to-Equity Historical Data

The historical data trend for Studio City International 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.

Studio City International Holdings Debt-to-Equity Chart

Studio City International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.25

1.26

2.23

2.80

3.22

Studio City International Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															2.80	2.90	3.19	3.31	3.22

Competitive Comparison of Studio City International Holdings's Debt-to-Equity

For the Resorts & Casinos subindustry, Studio City International 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.

Studio City International Holdings's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Studio City International Holdings's Debt-to-Equity falls into.

Studio City International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Studio City International 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
	=	(1.091	+	2347.423)	/	728.983
	=	3.22

Studio City International 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
	=	(1.091	+	2347.423)	/	728.983
	=	3.22

Studio City International Holdings (NYSE:MSC) 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.

Studio City International Holdings Debt-to-Equity Related Terms

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Studio City International Holdings (Studio City International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Studio City International Holdings Ltd (NYSE:MSC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG

Website

https://www.studiocity-macau.com

Studio City International Holdings Ltd is a world-class gaming, retail, and entertainment resort located in Cotai, Macau. It operates Studio City Casino with around 250 mass-market gaming tables; approximately 970 gaming machines; and 45 VIP rolling chip tables. In addition, it offers non-gaming attractions, including the world's first figure-8 Ferris wheel, a Warner Bros-themed family entertainment center, a 4-D Batman flight simulator, an exclusive night club, and a live performance arena. Geographically, the company derives the majority of its revenue from the Macau region.