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VICI Properties (NYSE:VICI) Financial Strength

: 4 (As of Sep. 2022)
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VICI Properties has the Financial Strength Rank of 4.

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.

VICI Properties's Interest Coverage for the quarter that ended in Sep. 2022 was 2.85. VICI Properties's debt to revenue ratio for the quarter that ended in Sep. 2022 was 4.84. As of today, VICI Properties's Altman Z-Score is 1.98.


VICI Properties (NYSE:VICI) Financial Strength Competitive Comparison

For the REIT - Diversified subindustry, VICI Properties'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.

   

VICI Properties (NYSE:VICI) Financial Strength Distribution

For the REITs industry and Real Estate sector, VICI Properties's Financial Strength distribution charts can be found below:

* The bar in red indicates where VICI Properties's Financial Strength falls into.



VICI Properties 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:

VICI Properties's Interest Expense for the months ended in Sep. 2022 was $-169 Mil. Its Operating Income for the months ended in Sep. 2022 was $483 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $14,561 Mil.

VICI Properties's Interest Coverage for the quarter that ended in Sep. 2022 is

Interest Coverage=-1*Operating Income (Q: Sep. 2022 )/Interest Expense (Q: Sep. 2022 )
=-1*482.853/-169.354
=2.85

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

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

VICI Properties's Debt to Revenue Ratio for the quarter that ended in Sep. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Sep. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 14561.304) / 3006.172
=4.84

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.

VICI Properties has a Z-score of 1.98, indicating it is in Grey Zones. This implies that VICI Properties is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.

Warning Sign:

Altman Z-score of 1.98 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

* 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.


VICI Properties  (NYSE:VICI) 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.

VICI Properties has the Financial Strength Rank of 4.


VICI Properties Financial Strength Related Terms

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


VICI Properties (NYSE:VICI) Business Description

VICI Properties logo
Traded in Other Exchanges
Address
535 Madison Avenue, 20th Floor, New York, NY, USA, 10022
VICI Properties Inc is real estate investment trust based in the US. It acts as an owner, acquirer, and developer of real estate assets across gaming, hospitality, entertainment and leisure destinations. The company's operating segments are real property business and golf course business. The Real property business segment consists of leased real property whereas the Golf course business segment consists of several golf courses. Its golf courses include the Cascata golf course, the Rio Secco golf course, the Grand Bear golf course and the Chariot Run golf course.
Executives
Douglas Monica Howard director 535 MADISON AVENUE, 20TH FLOOR NEW YORK NY 10022
Wasserman Gabriel officer: Chief Accounting Officer 430 PARK AVENUE 8TH FLOOR NEW YORK NY 10022
Gallagher Samantha Sacks officer: See Remarks C/O VICI PROPERTIES INC. 535 MADISON AVE 20TH FL NEW YORK NY 10022
Cantor Diana F director 333 EAST FRANKLIN STREET RICHMOND VA 23219
Kieske David Andrew officer: Chief Financial Officer C/O VICI PROPERTIES INC. 535 MADISON AVENUE 20TH FL NEW YORK NY 10022
Holland Elizabeth I director 909 ROSE AVENUE - SUITE 200 NORTH BETHESDA MD 20852
Macnab Craig director C/O JDN PEALTY CORP 359 EAST PACES FERRY RD ATLANTA GA 30305
Davis Eugene I director 8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Kuick Kenneth J. officer: Chief Accounting Officer 520 ZANG ST., UNIT D BROOMFIELD CO 80021
Rumbolz Michael D director 3201 WEST COUNTY ROAD 42, SUITE 106 BURNSVILLE MN 55306
Abrahamson James R director C/O MARCUS CORP 100 EAST WISCONSIN AVE, SUITE 1900 MILWAUKEE WI 53202-4125
Pitoniak Edward Baltazar director, officer: Chief Executive Officer C/O VICI PROPERTIES INC. 535 MADISON AVENUE 20TH FL NEW YORK NY 10022
Hausler Eric L director C/O TRUMP ENTERTAINMENT RESORTS 1000 BOARDWALK ATLANTIC CITY NJ 08401
Higgins Mary Elizabeth director, officer: Chief Financial Officer 3525 E. POST ROAD #120 LAS VEGAS NV 89120
Payne John W R director, officer: President and COO 535 MADISON AVENUE 20TH FLOOR NEW YORK NY 10022

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