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Galaxy Entertainment Group Financial Strength

: 5 (As of Jun. 2021)
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Galaxy Entertainment Group has the Financial Strength Rank of 5.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Galaxy Entertainment Group's Interest Coverage for the quarter that ended in Jun. 2021 was 10.82. Galaxy Entertainment Group's debt to revenue ratio for the quarter that ended in Jun. 2021 was 0.55. As of today, Galaxy Entertainment Group's Altman Z-Score is 4.46.


Competitive Comparison

For the Resorts & Casinos subindustry, Galaxy Entertainment Group's Financial Strength, along with its competitors' market caps and Financial Strength 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.

   

Galaxy Entertainment Group Financial Strength Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Galaxy Entertainment Group's Financial Strength distribution charts can be found below:

* The bar in red indicates where Galaxy Entertainment Group's Financial Strength falls into.



Galaxy Entertainment Group Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Galaxy Entertainment Group's Interest Expense for the months ended in Jun. 2021 was $-3 Mil. Its Operating Income for the months ended in Jun. 2021 was $38 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $38 Mil.

Galaxy Entertainment Group's Interest Coverage for the quarter that ended in Jun. 2021 is

Interest Coverage=-1*Operating Income (Q: Jun. 2021 )/Interest Expense (Q: Jun. 2021 )
=-1*37.854593710141/-3.4989757398508
=10.82

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Galaxy Entertainment Group's Debt to Revenue Ratio for the quarter that ended in Jun. 2021 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2021 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(1485.7426852365 + 37.655410541505) / 2746.9696071737
=0.55

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Galaxy Entertainment Group has a Z-score of 4.46, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 4.46 is strong.

* 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.


Galaxy Entertainment Group  (OTCPK:GXYYY) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Galaxy Entertainment Group has the Financial Strength Rank of 5.


Galaxy Entertainment Group Financial Strength Related Terms

Thank you for viewing the detailed overview of Galaxy Entertainment Group's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Galaxy Entertainment Group Business Description

Galaxy Entertainment Group logo
Industry
Traded in Other Exchanges
Address
111 Connaught Road Central, 22nd Floor, Wing On Centre, Hong Kong, HKG
Galaxy Entertainment is one of six casino license holders in Macao. Its major properties include Starworld casino in the Macao Peninsula and Galaxy Macau phases 1 and 2 in Cotai, with a hotel room inventory of approximately 4,300.
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