MGM Resorts International (MGM)

Current ratio

		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
Total current assets	US$ in thousands	4,363,600	4,832,450	4,409,140	4,573,810	4,910,590	5,259,170	5,617,000	6,231,100	8,154,690	8,783,180	9,166,780	4,514,940	6,416,180	6,670,320	6,574,540	7,083,870	5,950,660	6,186,280	6,370,770	7,597,930
Total current liabilities	US$ in thousands	3,351,680	3,886,760	3,000,170	3,033,990	3,126,070	2,962,070	2,749,400	2,844,430	4,515,890	5,895,500	5,544,580	3,599,600	3,442,260	3,410,460	2,036,370	1,835,390	1,856,580	2,766,780	2,575,130	2,626,250
Current ratio		1.30	1.24	1.47	1.51	1.57	1.78	2.04	2.19	1.81	1.49	1.65	1.25	1.86	1.96	3.23	3.86	3.21	2.24	2.47	2.89

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $4,363,600K ÷ $3,351,680K
= 1.30

The current ratio of MGM Resorts International has fluctuated over the past few years, indicating changes in the company's liquidity position.

From March 31, 2020, to March 31, 2022, the current ratio generally decreased from 2.89 to 1.25, indicating a potential weakening of the company's ability to meet its short-term obligations with its current assets.

However, there was a slight increase to 1.65 on June 30, 2022, before declining again to 1.24 on September 30, 2024. This pattern suggests some volatility in the company's liquidity management during this period.

Overall, the current ratio of MGM Resorts International has shown some instability, with fluctuations above and below the ideal ratio of 2, which is typically considered healthy for most firms. The trend indicates a need for the company to carefully manage its current assets and liabilities to ensure it can meet its short-term financial obligations effectively.