Monarch Casino & Resort (Monarch Casino & Resort) Debt-to-Equity

: 0.04 (As of Dec. 2023)

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Monarch Casino & Resort's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.9 Mil. Monarch Casino & Resort's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $19.5 Mil. Monarch Casino & Resort's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $513.1 Mil. Monarch Casino & Resort's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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 Monarch Casino & Resort's Debt-to-Equity or its related term are showing as below:

MCRI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.22 Max: 0.62
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Monarch Casino & Resort was 0.62. The lowest was 0.04. And the median was 0.22.

MCRI's Debt-to-Equity is ranked better than
89.8% of 686 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs MCRI: 0.04

Monarch Casino & Resort Debt-to-Equity Historical Data

The historical data trend for Monarch Casino & Resort'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.

Monarch Casino & Resort Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.62

0.53

0.23

0.04

Monarch Casino & Resort 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																0.04	0.14	0.11	0.05	0.04

Competitive Comparison

For the Resorts & Casinos subindustry, Monarch Casino & Resort'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.

Monarch Casino & Resort Debt-to-Equity Distribution

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

* The bar in red indicates where Monarch Casino & Resort's Debt-to-Equity falls into.

Monarch Casino & Resort Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Monarch Casino & Resort'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
	=	(0.897	+	19.521)	/	513.14
	=	0.04

Monarch Casino & Resort'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
	=	(0.897	+	19.521)	/	513.14
	=	0.04

Monarch Casino & Resort (NAS:MCRI) 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.

Monarch Casino & Resort Debt-to-Equity Related Terms

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Monarch Casino & Resort (Monarch Casino & Resort) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Monarch Casino & Resort Inc (NAS:MCRI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3800 South Virginia Street, Reno, NV, USA, 89502

Website

https://www.monarchcasino.com

Monarch Casino & Resort Inc is engaged in providing the latest gaming, dining, and hospitality amenities. It owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk. The company generates the majority of its revenue from Casinos, followed by Food & Beverage and Hotel Operations.

Executives

John Farahi	director, 10 percent owner, officer: Co-Chairman and CEO	MONARCH CASINO & RESORT INC, 1175 MOANA LANE SUITE 200, RENO NV 89509
Bob Farahi	director, 10 percent owner, officer: Co-Chairman and President	MONARCH CASINO & RESORT INC, 3800 S. VIRGINIA STREET, RENO NV 89502
David-jacques Farahi	officer: Chief Operating Officer	3800 S. VIRGINIA STREET, RENO NV 89502
Edwin S. Koenig	officer: CAO	3800 S. VIRGINIA STREET, RENO NV 89502
Ben Farahi	10 percent owner	3652 SOUTH VIRGINIA ST., SUITE C7, RENO NV 89502
Craig F Sullivan	director
Richard L. Cooley	officer: Vice President of Finance	3800 S. VIRGINIA STREET, RENO NV 89502
Ronald Rowan	officer: Chief Financial Officer	3800 S. VIRGINIA STREET, EXECUTIVE OFFICES, RENO NV 89502
Paul Andrews	director	3800 S. VIRGINIA STREET, RENO NV 89502
Yvette Landau	director
Ronald R Zideck	director
Charles W Scharer	director	C/O GAMETECH INTERNATIONAL INC, 900 SANDHILL ROAD, RENO NV 89521