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Melco Resorts and Entertainment (BSP:M1LC34) Debt-to-EBITDA : 31.57 (As of Dec. 2023)


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

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

Melco Resorts and Entertainment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$269 Mil. Melco Resorts and Entertainment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$37,797 Mil. Melco Resorts and Entertainment's annualized EBITDA for the quarter that ended in Dec. 2023 was R$1,206 Mil. Melco Resorts and Entertainment's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 31.57.

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

BSP:M1LC34' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -303.43   Med: 3.62   Max: 12.26
Current: 12.26

During the past 13 years, the highest Debt-to-EBITDA Ratio of Melco Resorts and Entertainment was 12.26. The lowest was -303.43. And the median was 3.62.

BSP:M1LC34's Debt-to-EBITDA is ranked worse than
88.23% of 620 companies
in the Travel & Leisure industry
Industry Median: 2.885 vs BSP:M1LC34: 12.26

Melco Resorts and Entertainment Debt-to-EBITDA Historical Data

The historical data trend for Melco Resorts and Entertainment'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.

* Premium members only.

Melco Resorts and Entertainment Debt-to-EBITDA Chart

Melco Resorts and Entertainment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.53 -12.24 -303.43 -45.09 12.26

Melco Resorts and Entertainment Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-EBITDA 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 -32.58 16.03 9.84 8.51 31.57

Competitive Comparison of Melco Resorts and Entertainment's Debt-to-EBITDA

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


Melco Resorts and Entertainment's Debt-to-EBITDA Distribution in the Travel & Leisure Industry

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

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



Melco Resorts and Entertainment Debt-to-EBITDA Calculation

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

Melco Resorts and Entertainment's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(269.45 + 37796.822) / 3105.88
=12.26

Melco Resorts and Entertainment's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(269.45 + 37796.822) / 1205.764
=31.57

* 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 (Dec. 2023) EBITDA data.


Melco Resorts and Entertainment  (BSP:M1LC34) 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.


Melco Resorts and Entertainment Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Melco Resorts and Entertainment's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


Melco Resorts and Entertainment (BSP:M1LC34) Business Description

Traded in Other Exchanges
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 VIP 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 largely from the Philippines as of 2019.

Melco Resorts and Entertainment (BSP:M1LC34) Headlines

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