MGM Resorts International (MIL:1MGM) Debt-to-EBITDA : (As of Jun. 2026)

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MIL:1MGM MGM Resorts International MIL:1MGM
54 GF Score
Price €35.57
GF Value €39.13
Valuation Fairly Valued
! 6 Warning Signs
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What is MGM Resorts International Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

MGM Resorts International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €150 Mil. MGM Resorts International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €26,228 Mil. MGM Resorts International's annualized EBITDA for the quarter that ended in Jun. 2026 was €2,745 Mil. MGM Resorts International's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 9.61.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

MIL:1MGM' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.11   Med: 7.03   Max: 55.61
Current: 15

During the past 13 years, the highest Debt-to-EBITDA Ratio of MGM Resorts International was 55.61. The lowest was 3.11. And the median was 7.03.

MIL:1MGM's Debt-to-EBITDA is ranked worse than
93.92% of 658 companies
in the Travel & Leisure industry
Industry Median: 2.44 vs MIL:1MGM: 15.00

MGM Resorts International  (MIL:1MGM) Debt-to-EBITDA Explanation

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

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

MGM Resorts International Debt-to-EBITDA Related Terms

MGM Resorts International Debt-to-EBITDA Historical Data

* Premium members only.

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

MGM Resorts International Debt-to-EBITDA Chart

MGM Resorts International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
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MGM Resorts International Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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MIL:1MGM vs WYNN, CZR, BYD: Debt-to-EBITDA Comparison

For the Resorts & Casinos subindustry, MGM Resorts International's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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-EBITDA vs Travel & Leisure Industry

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

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


MIL:1MGM
54GF Score
MGM Resorts International MIL:1MGM
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MGM Resorts International Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

MGM Resorts International's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(155.74779684108 + 26711.172037975) / 1521.9285465401
=17.65

MGM Resorts International's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(150.49155952069 + 26228.139595907) / 2745.187449386
=9.61

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.

Is MGM Resorts International (MIL:1MGM) Overvalued in 2026?

Based on GuruFocus' analysis, MGM Resorts International stock appears to be undervalued. The current stock price of €35.57 is trading 9.1% below its estimated GF Value™ of €39.13. GuruFocus considers MGM Resorts International to be Fairly Valued.

Key valuation signals for MIL:1MGM:

  • Debt-to-EBITDA:
  • GF Value™: €39.13 vs. price of €35.57 (9.1% below fair value)
  • GF Score™: 54/100 with 6 warning signs

No single metric tells the full story. See the MIL:1MGM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MGM Resorts International Business Description

Address 3600 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109
MGM Resorts is the largest resort operator on the Las Vegas Strip with 37,000 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 56% of total EBITDAR in 2025. MGM also owns US regional assets, which represented a low 20s share of 2025 EBITDAR (MGM's Macao EBITDAR was 23% of the total in 2025). 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 second property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.
54GF Score

Get the complete analysis for MIL:1MGM

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€35.57
Price
€39.13
GF Value