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Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Monarch Casino & Resort's Total Liabilities for the quarter that ended in Dec. 2023 was $167.7 Mil. Monarch Casino & Resort's Total Assets for the quarter that ended in Dec. 2023 was $680.9 Mil. Therefore, Monarch Casino & Resort's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.25.
The historical data trend for Monarch Casino & Resort's Liabilities-to-Assets 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.
Monarch Casino & Resort Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Liabilities-to-Assets | Get a 7-Day Free Trial | 0.44 | 0.45 | 0.35 | 0.22 | 0.25 |
Monarch Casino & Resort Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Liabilities-to-Assets | Get a 7-Day Free Trial | 0.30 | 0.28 | 0.24 | 0.25 | 0.25 |
For the Resorts & Casinos subindustry, Monarch Casino & Resort's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.
For the Travel & Leisure industry and Consumer Cyclical sector, Monarch Casino & Resort's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Monarch Casino & Resort's Liabilities-to-Assets falls into.
Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.
Monarch Casino & Resort's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Liabilities-to-Assets (A: Dec. 2023 ) | = | Total Liabilities | / | Total Assets |
= | 167.733 | / | 680.873 | |
= | 0.25 |
Monarch Casino & Resort's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 is calculated as
Liabilities-to-Assets (Q: Dec. 2023 ) | = | Total Liabilities | / | Total Assets |
= | 167.733 | / | 680.873 | |
= | 0.25 |
* 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.
Monarch Casino & Resort (NAS:MCRI) Liabilities-to-Assets Explanation
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.
Thank you for viewing the detailed overview of Monarch Casino & Resort's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
John Farahi | director, 10 percent owner, officer: Co-Chairman and CEO | MONARCH CASINO & RESORT INC, 1175 MOANA LANE SUITE 200, RENO NV 89509 |
Bob Farahi | director, 10 percent owner, officer: Co-Chairman and President | MONARCH CASINO & RESORT INC, 3800 S. VIRGINIA STREET, RENO NV 89502 |
David-jacques Farahi | officer: Chief Operating Officer | 3800 S. VIRGINIA STREET, RENO NV 89502 |
Edwin S. Koenig | officer: CAO | 3800 S. VIRGINIA STREET, RENO NV 89502 |
Ben Farahi | 10 percent owner | 3652 SOUTH VIRGINIA ST., SUITE C7, RENO NV 89502 |
Craig F Sullivan | director | |
Richard L. Cooley | officer: Vice President of Finance | 3800 S. VIRGINIA STREET, RENO NV 89502 |
Ronald Rowan | officer: Chief Financial Officer | 3800 S. VIRGINIA STREET, EXECUTIVE OFFICES, RENO NV 89502 |
Paul Andrews | director | 3800 S. VIRGINIA STREET, RENO NV 89502 |
Yvette Landau | director | |
Ronald R Zideck | director | |
Charles W Scharer | director | C/O GAMETECH INTERNATIONAL INC, 900 SANDHILL ROAD, RENO NV 89521 |
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