Melco Resorts and Entertainment (STU:MAS) Debt-to-Equity: -5.69 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:MAS Melco Resorts and Entertainment Ltd STU:MAS
68 GF Score
Price €4.54
GF Value €6.87
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Melco Resorts and Entertainment Debt-to-Equity?

Melco Resorts and Entertainment STU:MAS -5.02% 68 Debt-to-Equity is -5.69 as of Mar. 2026. GuruFocus rates STU:MAS with a GF Score™ of 68/100 and a GF Value™ of €6.87 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 719 Travel & Leisure companies, Melco Resorts and Entertainment ranks worse than 139081.92% on this metric.

Melco Resorts and Entertainment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €344 Mil. Melco Resorts and Entertainment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €5,658 Mil. Melco Resorts and Entertainment's Total Stockholders Equity for the quarter that ended in Mar. 2026 was €-1,055 Mil. Melco Resorts and Entertainment's debt to equity for the quarter that ended in Mar. 2026 was -5.69.

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

STU:MAS' s Debt-to-Equity Range Over the Past 10 Years
Min: -31.09   Med: 1.29   Max: 309.2
Current: -5.69

During the past 13 years, the highest Debt-to-Equity Ratio of Melco Resorts and Entertainment was 309.20. The lowest was -31.09. And the median was 1.29.

STU:MAS's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.42 vs STU:MAS: -5.69

Melco Resorts and Entertainment  (STU:MAS) 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.


Melco Resorts and Entertainment Debt-to-Equity Related Terms


Melco Resorts and Entertainment Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Melco Resorts and Entertainment'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.

Melco Resorts and Entertainment Debt-to-Equity Chart

Melco Resorts and Entertainment Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.75 -10.25 -6.04 -5.62 -5.64

Melco Resorts and Entertainment Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.63 -5.22 -5.82 -5.64 -5.69

STU:MAS vs LVS, MGM, WYNN: Debt-to-Equity Comparison

For the Resorts & Casinos subindustry, Melco Resorts and Entertainment'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.


Melco Resorts and Entertainment Debt-to-Equity vs Travel & Leisure Industry

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

* The bar in red indicates where Melco Resorts and Entertainment's Debt-to-Equity falls into.


STU:MAS
68GF Score
Melco Resorts and Entertainment Ltd STU:MAS
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Melco Resorts and Entertainment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Melco Resorts and Entertainment's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Melco Resorts and Entertainment's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -5.69 mean?
Melco Resorts and Entertainment (STU:MAS) has a Debt-to-Equity of -5.69 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Melco Resorts and Entertainment and its competitors. According to the industry distribution chart, Melco Resorts and Entertainment ranks #999999 out of 719 companies in the Travel & Leisure industry.
Is Melco Resorts and Entertainment's Debt-to-Equity too high?
Melco Resorts and Entertainment's current Debt-to-Equity is -5.69. Based on the distribution chart, Melco Resorts and Entertainment ranks #999999 out of 719 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Melco Resorts and Entertainment has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Melco Resorts and Entertainment's Debt-to-Equity compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Melco Resorts and Entertainment ranks #999999 out of 719 companies for Debt-to-Equity. This places Melco Resorts and Entertainment in the lower half of its industry. The industry median Debt-to-Equity is 0.42. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Travel & Leisure company?
The median Debt-to-Equity among Travel & Leisure companies is 0.42, based on 719 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Melco Resorts and Entertainment and its competitors. For the Travel & Leisure industry, the median Debt-to-Equity is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Melco Resorts and Entertainment's current Debt-to-Equity is -5.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melco Resorts and Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Melco Resorts and Entertainment (STU:MAS) is currently considered Possible Value Trap. The stock's GF Value™ is €6.87, compared to a current price of €4.54 — trading 33.9% below its estimated fair value. The current Debt-to-Equity is -5.69. Melco Resorts and Entertainment's overall GF Score™ is 68/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Melco Resorts and Entertainment (STU:MAS), the current Debt-to-Equity is -5.69 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Melco Resorts and Entertainment (STU:MAS) Overvalued in 2026?

Based on GuruFocus' analysis, Melco Resorts and Entertainment stock appears to be undervalued. The current stock price of €4.54 is trading 33.9% below its estimated GF Value™ of €6.87. GuruFocus considers Melco Resorts and Entertainment to be Possible Value Trap.

Key valuation signals for STU:MAS:

  • Debt-to-Equity: -5.69
  • GF Value™: €6.87 vs. price of €4.54 (33.9% below fair value)
  • GF Score™: 68/100 with 4 warning signs

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


Melco Resorts and Entertainment Business Description

Address 60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG
Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on premium customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs' electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao, with the rest from overseas as of 2025.
68GF Score

Get the complete analysis for STU:MAS

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

€4.54
Price
€6.87
GF Value