Monarch Casino & Resort Balance Sheet Health
Financial Health criteria checks 5/6
Monarch Casino & Resort has a total shareholder equity of $508.9M and total debt of $5.5M, which brings its debt-to-equity ratio to 1.1%. Its total assets and total liabilities are $677.3M and $168.4M respectively. Monarch Casino & Resort's EBIT is $116.7M making its interest coverage ratio 113.2. It has cash and short-term investments of $39.5M.
Key information
1.1%
Debt to equity ratio
US$5.50m
Debt
Interest coverage ratio | 113.2x |
Cash | US$39.48m |
Equity | US$508.91m |
Total liabilities | US$168.35m |
Total assets | US$677.27m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MOI's short term assets ($66.5M) do not cover its short term liabilities ($130.2M).
Long Term Liabilities: MOI's short term assets ($66.5M) exceed its long term liabilities ($38.2M).
Debt to Equity History and Analysis
Debt Level: MOI has more cash than its total debt.
Reducing Debt: MOI's debt to equity ratio has reduced from 35.6% to 1.1% over the past 5 years.
Debt Coverage: MOI's debt is well covered by operating cash flow (3146.3%).
Interest Coverage: MOI's interest payments on its debt are well covered by EBIT (113.2x coverage).