MGM (MGM Resorts International) Debt-to-Revenue : 1.91 (As of Sep. 2024)

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What is MGM Resorts International Debt-to-Revenue?

Debt-to-Revenue 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 Sep. 2024 was $675 Mil. MGM Resorts International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $31,326 Mil. MGM Resorts International's annualized Revenue for the quarter that ended in Sep. 2024 was $16,733 Mil. MGM Resorts International's annualized Debt-to-Revenue for the quarter that ended in Sep. 2024 was 1.91.

MGM Resorts International Debt-to-Revenue Historical Data

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

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MGM Resorts International Debt-to-Revenue Chart

MGM Resorts International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Revenue

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1.21

4.05

2.55

2.59

1.95

MGM Resorts International Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Revenue	Get a 7-Day Free Trial															2.00	1.80	1.79	1.81	1.91

Competitive Comparison of MGM Resorts International's Debt-to-Revenue

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

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

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

MGM Resorts International Debt-to-Revenue Calculation

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

MGM Resorts International's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(84.154	+	31471.274)	/	16164.249
	=	1.95

MGM Resorts International's annualized Debt-to-Revenue for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(675	+	31326.492)	/	16732.552
	=	1.91

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Sep. 2024) Revenue data.

MGM Resorts International Debt-to-Revenue Related Terms

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MGM Resorts International Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MGM:Mexico 0JWC:UK 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 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented a low 20s share of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). 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 new property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.

Executives

Keith A. Meister	director	C/O ICAHN CAPITAL LP, 767 FIFTH AVENUE, SUITE 4700, NEW YORK NY 10153
Paul J Salem	director	50 KENNEDY PLAZA, 18TH FLOOR, PROVIDENCE RI 02903
Jonathan S Halkyard	officer: CHIEF FINANCIAL OFFICER	DAVE & BUSTER'S ENTERTAINMENT, INC., 2481 MANANA DRIVE, DALLAS TX 75220
William Hornbuckle	officer: Chief Marketing Officer	3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Daniel J Taylor	director	3600 LAS VEGAS BLVD., S., LAS VEGAS NV 89109
Mary Christine Gay	director	3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Alexis Herman	director	3950 LAS VEGAS BLVD. S., LAS VEGAS NV 89119
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
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
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
Todd Meinert	officer: SVP Financial Reporting	3600 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89109