MGM Resorts International Balance Sheet Health
Financial Health criteria checks 3/6
MGM Resorts International has a total shareholder equity of $4.1B and total debt of $6.3B, which brings its debt-to-equity ratio to 154.4%. Its total assets and total liabilities are $42.1B and $38.0B respectively. MGM Resorts International's EBIT is $1.7B making its interest coverage ratio 6.1. It has cash and short-term investments of $2.7B.
Key information
154.4%
Debt to equity ratio
US$6.27b
Debt
Interest coverage ratio | 6.1x |
Cash | US$2.72b |
Equity | US$4.06b |
Total liabilities | US$38.02b |
Total assets | US$42.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0JWC's short term assets ($4.6B) exceed its short term liabilities ($3.0B).
Long Term Liabilities: 0JWC's short term assets ($4.6B) do not cover its long term liabilities ($35.0B).
Debt to Equity History and Analysis
Debt Level: 0JWC's net debt to equity ratio (87.4%) is considered high.
Reducing Debt: 0JWC's debt to equity ratio has increased from 130.2% to 154.4% over the past 5 years.
Debt Coverage: 0JWC's debt is well covered by operating cash flow (40.4%).
Interest Coverage: 0JWC's interest payments on its debt are well covered by EBIT (6.1x coverage).