MGM Resorts International (MGM)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 42,231,600 | 42,368,500 | 45,692,200 | 40,899,100 | 36,494,900 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $42,231,600K
= 0.00
Based on the data provided, MGM Resorts International has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant source of financing in relation to its assets during this period. A debt-to-assets ratio of 0.00 suggests that MGM Resorts International has either paid off all its debt or has very minimal debt obligations relative to its total assets. This could indicate a strong financial position and low financial risk for the company, as it is not heavily reliant on borrowed funds to support its operations and investments.
Peer comparison
Dec 31, 2024