MGM Resorts International (MGM Resorts International) Debt-to-Equity

: 8.30 (As of Dec. 2023)

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MGM Resorts International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $144 Mil. MGM Resorts International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $31,471 Mil. MGM Resorts International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,811 Mil. MGM Resorts International's debt to equity for the quarter that ended in Dec. 2023 was 8.30.

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

MGM' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.72 Med: 2.87 Max: 8.3
Current: 8.3

During the past 13 years, the highest Debt-to-Equity Ratio of MGM Resorts International was 8.30. The lowest was 1.72. And the median was 2.87.

MGM's Debt-to-Equity is ranked worse than
96.51% of 687 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs MGM: 8.30

MGM Resorts International Debt-to-Equity Historical Data

The historical data trend for MGM Resorts International'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 Resorts International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.03

3.23

4.10

7.05

8.30

MGM Resorts International 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																7.05	6.64	7.23	8.01	8.30

Competitive Comparison

For the Resorts & Casinos subindustry, MGM Resorts International'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 Resorts International Debt-to-Equity Distribution

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

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

MGM Resorts International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MGM Resorts International'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
	=	(144.327	+	31471.274)	/	3811.17
	=	8.30

MGM Resorts International'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
	=	(144.327	+	31471.274)	/	3811.17
	=	8.30

MGM Resorts International (NYSE:MGM) 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 Resorts International Debt-to-Equity Related Terms

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MGM Resorts International (MGM Resorts International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » MGM Resorts International (NYSE:MGM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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 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.

Executives

John Mcmanus	officer: SVP ASST GEN COUNSEL ASST SCY	3600 LAS VEGAS BLVD, S., EXECUTIVE OFFICES, LAS VEGAS NV 89119
Sanders Corey Ian	officer: COO Core Brands	3950 LAS VEGAS BLVD., S., LAS VEGAS NV 89119
Daniel J Taylor	director	3600 LAS VEGAS BLVD., S., LAS VEGAS NV 89109
Keith A. Meister	director	C/O ICAHN CAPITAL LP, 767 FIFTH AVENUE, SUITE 4700, NEW YORK NY 10153
Alexis Herman	director	3950 LAS VEGAS BLVD. S., LAS VEGAS NV 89119
Ben Winston	director	3600 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89109
Rose Mckinney-james	director	3950 LAS VEGAS BLVD. S., LAS VEGAS NV 89119
William Hornbuckle	officer: Chief Marketing Officer	3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Mary Christine Gay	director	3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Gary M Fritz	officer: President, Interactive	C/O EXPEDIA INC., 333 108TH AVENUE NE, BELLEVUE WA 98004
Janet Swartz	director	3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Ac/interactivecorp	10 percent owner	555 WEST 18TH STREET, NEW YORK NY 10011
Paul J Salem	director	50 KENNEDY PLAZA, 18TH FLOOR, PROVIDENCE RI 02903
Todd Meinert	officer: SVP Financial Reporting	3600 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89109
Tilak Mandadi	officer: CSITO	3600 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89109