MGM Resorts International (MGM)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,023,480 | 3,811,170 | 4,831,530 | 6,070,640 | 6,504,730 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,023,480K)
= 0.00
Based on the provided data, MGM Resorts International's debt-to-capital ratio has remained at 0.00 for each of the years from December 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has not utilized any debt to finance its operations or investments relative to its total capital. This suggests that MGM Resorts International has been funding its activities primarily through equity or other non-debt financing sources during this period. A low or zero debt-to-capital ratio typically implies lower financial risk and greater financial flexibility for the company, as it has less debt obligations to be serviced. It may also indicate that the company has a strong balance sheet with a healthy capital structure.
Peer comparison
Dec 31, 2024