MGM Resorts International Balance Sheet Health
Financial Health criteria checks 3/6
MGM Resorts International has a total shareholder equity of $3.9B and total debt of $6.9B, which brings its debt-to-equity ratio to 179.2%. Its total assets and total liabilities are $42.7B and $38.9B respectively. MGM Resorts International's EBIT is $1.7B making its interest coverage ratio 6.2. It has cash and short-term investments of $3.0B.
Key information
179.2%
Debt to equity ratio
US$6.91b
Debt
| Interest coverage ratio | 6.2x |
| Cash | US$2.95b |
| Equity | US$3.85b |
| Total liabilities | US$38.89b |
| Total assets | US$42.74b |
Recent financial health updates
Is MGM Resorts International (NYSE:MGM) A Risky Investment?
Sep 29
Does MGM Resorts International (NYSE:MGM) Have A Healthy Balance Sheet?
May 22We Think MGM Resorts International (NYSE:MGM) Is Taking Some Risk With Its Debt
Jan 01Is MGM Resorts International (NYSE:MGM) Using Too Much Debt?
Jul 06Is MGM Resorts International (NYSE:MGM) Weighed On By Its Debt Load?
Apr 03Is MGM Resorts International (NYSE:MGM) Using Debt Sensibly?
Dec 29Recent updates
Why MGM Is A Buy: The Complete Guide
Nov 11Here's Why We Think MGM Resorts International (NYSE:MGM) Is Well Worth Watching
Oct 13Is MGM Resorts International (NYSE:MGM) A Risky Investment?
Sep 29Rolling The Dice With MGM Resorts: Growth On The Strip, But Risks Linger
Sep 25Not Many Are Piling Into MGM Resorts International (NYSE:MGM) Just Yet
Aug 16MGM: Buy On The Dip Despite Lingering Negative Sentiment
Aug 09Analyst Estimates: Here's What Brokers Think Of MGM Resorts International (NYSE:MGM) After Its Second-Quarter Report
Aug 02MGM: Could Be First Breakout Among Gaming Stocks From Current Undervalued Sector
Jul 02MGM Resorts International (NYSE:MGM) Shares Could Be 33% Below Their Intrinsic Value Estimate
Jun 21Does MGM Resorts International (NYSE:MGM) Have A Healthy Balance Sheet?
May 22MGM Resorts International: A Promising Investment Opportunity
May 07MGM Resorts International's (NYSE:MGM) Prospects Need A Boost To Lift Shares
Mar 22MGM Resorts International's (NYSE:MGM) Intrinsic Value Is Potentially 44% Above Its Share Price
Feb 15MGM Resorts: Super Bowl And Chinese New Year Together Pose Unprecedented Upside Catalyst For Q1
Jan 11We Think MGM Resorts International (NYSE:MGM) Is Taking Some Risk With Its Debt
Jan 01MGM Resorts: Shares Look Attractive Amid Recovery In Macau
Dec 07MGM Resorts: Despite Cyberattack, Best Recession-Resistant Play In The Sector
Nov 03MGM Resorts: A High-Risk High-Reward Opportunity
Oct 13MGM Resorts: Impact Of Ransomware Attack
Sep 25MGM Resorts: Pent-Up Demand Likely To Translate Into Higher Profits
Sep 01MGM Resorts: Trading At Attractive Multiples, Potential For +40% Price Appreciation
Aug 18MGM Resorts: BetMGM First Half Result Adds To Rationale To Buy It Now
Jul 28MGM Resorts International: Value, Growth, Deleveraging, And Buybacks
Jul 13Is MGM Resorts International (NYSE:MGM) Using Too Much Debt?
Jul 06MGM: A Dip Signals A Buy As Value Scenario Grows With Sector Recovery
Jun 08Is MGM Resorts International (NYSE:MGM) Weighed On By Its Debt Load?
Apr 03MGM Resorts: Smart Corporate Strategy Is The Engine For Much Higher Valuation
Feb 08Do MGM Resorts International's (NYSE:MGM) Earnings Warrant Your Attention?
Jan 16MGM Resorts added as a new long idea at Hedgeye
Jan 12Is MGM Resorts International (NYSE:MGM) Using Debt Sensibly?
Dec 29MGM Resorts: Raise Your Bet For 2023
Dec 25MGM Sees Vegas Recovery, Regional Resilience And BetMGM Growth
Nov 03MGM Resorts Is The Best Bet Among Casino Stocks Right Now
Oct 18MGM Resorts and ExteNet Systems enter national connectivity partnership
Sep 28MGM Resorts goes ex-dividend tomorrow
Sep 07Financial Position Analysis
Short Term Liabilities: MGM's short term assets ($4.8B) exceed its short term liabilities ($3.9B).
Long Term Liabilities: MGM's short term assets ($4.8B) do not cover its long term liabilities ($35.0B).
Debt to Equity History and Analysis
Debt Level: MGM's net debt to equity ratio (102.7%) is considered high.
Reducing Debt: MGM's debt to equity ratio has increased from 140.6% to 179.2% over the past 5 years.
Debt Coverage: MGM's debt is well covered by operating cash flow (34.8%).
Interest Coverage: MGM's interest payments on its debt are well covered by EBIT (6.2x coverage).