What is MGM Resorts International Equity-to-Asset?
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. MGM Resorts International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,811 Mil. MGM Resorts International's Total Assets for the quarter that ended in Dec. 2023 was $42,369 Mil.
Therefore, MGM Resorts International's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.09.
The historical rank and industry rank for MGM Resorts International's Equity-to-Asset or its related term are showing as below:
MGM'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.09 Med: 0.19 Max: 0.26
Current: 0.09
During the past 13 years, the highest Equity to Asset Ratio of MGM Resorts International was 0.26. The lowest was 0.09. And the median was 0.19.
MGM's Equity-to-Asset is ranked worse than 86.55% of 840
companies
in the Travel & Leisure industry
Industry Median: 0.465
vs MGM: 0.09
MGM Resorts International Equity-to-Asset Historical Data
The historical data trend for MGM Resorts International's Equity-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.
Competitive Comparison of MGM Resorts International's Equity-to-Asset
For the Resorts & Casinos subindustry, MGM Resorts International's Equity-to-Asset, along with its competitors' market caps and Equity-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 Resorts International's Equity-to-Asset Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, MGM Resorts International's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where MGM Resorts International's Equity-to-Asset falls into.
MGM Resorts International Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
MGM Resorts International's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 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.
MGM Resorts International (NYSE:MGM) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
MGM Resorts International Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of MGM Resorts International's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
MGM Resorts International (MGM Resorts International) Business Description
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 74% of total EBITDAR in 2022. MGM also owns U.S. regional assets, which represented 31% of 2022 EBITDAR (MGM's Macao EBITDAR was negative in 2022). MGM's U.S. sports and iGaming 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. Further, we estimate MGM will open a resort in Japan in 2030.
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