Red Rock Resorts Balance Sheet Health
Financial Health criteria checks 1/6
Red Rock Resorts has a total shareholder equity of $243.9M and total debt of $3.3B, which brings its debt-to-equity ratio to 1364.5%. Its total assets and total liabilities are $4.0B and $3.7B respectively. Red Rock Resorts's EBIT is $590.7M making its interest coverage ratio 3.3. It has cash and short-term investments of $137.6M.
Key information
1,364.5%
Debt to equity ratio
US$3.33b
Debt
Interest coverage ratio | 3.3x |
Cash | US$137.59m |
Equity | US$243.89m |
Total liabilities | US$3.71b |
Total assets | US$3.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RRK's short term assets ($282.3M) do not cover its short term liabilities ($349.2M).
Long Term Liabilities: RRK's short term assets ($282.3M) do not cover its long term liabilities ($3.4B).
Debt to Equity History and Analysis
Debt Level: RRK's net debt to equity ratio (1308.1%) is considered high.
Reducing Debt: RRK's debt to equity ratio has increased from 349.5% to 1364.5% over the past 5 years.
Debt Coverage: RRK's debt is not well covered by operating cash flow (14.9%).
Interest Coverage: RRK's interest payments on its debt are well covered by EBIT (3.3x coverage).