MGM Resorts International (MGM)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 42,231,600 | 42,741,000 | 41,815,500 | 42,079,100 | 42,368,500 | 42,572,500 | 42,905,800 | 43,542,200 | 45,692,200 | 47,330,200 | 48,432,100 | 38,650,000 | 40,899,100 | 41,338,300 | 36,776,400 | 37,330,800 | 36,494,900 | 37,004,800 | 37,471,300 | 39,118,900 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
MGM Resorts International has consistently maintained a debt-to-assets ratio of 0.00 throughout the periods from March 31, 2020, to December 31, 2024. This indicates that the company has no debt relative to its total assets during these periods. A debt-to-assets ratio of 0.00 suggests that the company has either paid off all its debts or operates with very minimal debt compared to its asset base. From a financial risk perspective, having a low or zero debt-to-assets ratio generally signifies a lower risk of financial distress and insolvency, as the company is not heavily reliant on debt financing. However, it is important to evaluate other financial metrics and consider the company's overall financial health and performance in conjunction with the debt-to-assets ratio to gain a comprehensive understanding of its financial position and risk profile.
Peer comparison
Dec 31, 2024