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MGM China Holdings (MGM China Holdings) Debt-to-Asset : 0.83 (As of Dec. 2023)


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What is MGM China Holdings Debt-to-Asset?

MGM China Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $753 Mil. MGM China Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,358 Mil. MGM China Holdings's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $3,736 Mil. MGM China Holdings's debt to asset for the quarter that ended in Dec. 2023 was 0.83.


MGM China Holdings Debt-to-Asset Historical Data

The historical data trend for MGM China Holdings's Debt-to-Asset 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 China Holdings Debt-to-Asset Chart

MGM China Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 0.72 0.85 1.06 0.83

MGM China Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Asset 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 0.85 0.97 1.06 0.93 0.83

Competitive Comparison of MGM China Holdings's Debt-to-Asset

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

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

* The bar in red indicates where MGM China Holdings's Debt-to-Asset falls into.



MGM China Holdings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

MGM China Holdings's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(753.043 + 2358.157) / 3736.498
=0.83

MGM China Holdings's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(753.043 + 2358.157) / 3736.498
=0.83

* 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 China Holdings  (OTCPK:MCHVF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.


MGM China Holdings Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of MGM China Holdings's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


MGM China Holdings (MGM China Holdings) Business Description

Traded in Other Exchanges
Address
Avenida Dr. Sun Yat Sen, Edificio MGM MACAU NAPE, Macao, MAC
MGM China is one of six casino license holders in Macao and operates two integrated resorts: the MGM Macau casino in the Macao Peninsula and MGM Cotai. The company is allowed to operate 750 gaming tables during its new 10-year concession period of 2023-32.

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