Monarch Casino & Resort Inc (MCRI)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.06 | 0.08 | 0.00 | 0.00 | 0.06 | 0.08 | 0.10 | 0.13 | 0.17 | 0.21 | 0.25 | 0.29 | 0.30 | 0.29 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.08 | 0.10 | 0.00 | 0.00 | 0.08 | 0.11 | 0.13 | 0.17 | 0.22 | 0.27 | 0.31 | 0.33 | 0.35 | 0.33 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.09 | 0.11 | 0.00 | 0.00 | 0.09 | 0.13 | 0.15 | 0.20 | 0.29 | 0.37 | 0.45 | 0.49 | 0.53 | 0.50 |
| Financial leverage ratio | 1.34 | 1.31 | 1.35 | 1.33 | 1.33 | 1.32 | 1.38 | 1.43 | 1.29 | 1.34 | 1.43 | 1.49 | 1.54 | 1.58 | 1.66 | 1.75 | 1.83 | 1.69 | 1.76 | 1.73 |
The solvency ratios of Monarch Casino & Resort Inc show a consistent improvement over the years, indicating a strengthening financial position. The debt-to-assets ratio has decreased steadily from 0.29 in March 2020 to 0.00 in December 2024, showing that the company's assets are increasingly financed by equity rather than debt.
Similarly, the debt-to-capital ratio has followed a downward trend, declining from 0.33 in March 2020 to 0.00 in December 2024. This suggests that Monarch Casino & Resort Inc has been successful in reducing its reliance on debt to fund its operations and investments.
The debt-to-equity ratio has also shown a significant reduction over the years, falling from 0.50 in March 2020 to 0.00 in December 2024. This indicates a more balanced capital structure with a lower level of debt in relation to equity.
The financial leverage ratio has consistently decreased from 1.73 in March 2020 to 1.34 in December 2024, reflecting a declining trend in financial leverage and an increasing proportion of equity in the company's capital structure.
Overall, the solvency ratios demonstrate that Monarch Casino & Resort Inc has effectively managed its debt levels, improved its financial stability, and strengthened its solvency position over the years.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 57.20 | 90.00 | 258.39 | 11,739.14 | 354.51 | 146.36 | 99.76 | 75.48 | 71.75 | 74.52 | — | — | 82.69 | 4.80 | 3.32 | 2.03 | 1.69 | 3.59 | 3.38 | 5.94 |
The interest coverage ratio for Monarch Casino & Resort Inc has fluctuated significantly over the periods provided, indicating varying levels of the company's ability to cover its interest obligations with earnings before interest and taxes (EBIT).
The interest coverage ratio stood at 5.94 as of March 31, 2020, signifying that the company generated earnings almost six times its interest expense. However, this ratio declined to 1.69 by December 31, 2020, suggesting a significant decrease in the company's ability to cover its interest payments.
Subsequently, there was a gradual improvement in the interest coverage ratio, reaching a peak of 11,739.14 on March 31, 2024, which implies an exceptionally strong capacity to cover interest expenses. However, this figure could be an outlier or distorted due to particular circumstances impacting that quarter.
Overall, the interest coverage ratios display a wide range of values, indicating fluctuations in the company's financial performance and debt-servicing capabilities over the evaluated periods. It is essential for stakeholders to examine the trends and understand the underlying reasons for the variations in the interest coverage ratio to make informed decisions regarding Monarch Casino & Resort Inc's financial health.