MGM Resorts International (MGM)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	3,023,480	3,231,940	3,212,680	3,456,760	3,811,170	3,965,720	4,416,170	4,839,660	4,831,530	4,841,690	5,733,570	5,065,340	6,070,640	6,829,950	6,180,180	6,306,830	6,504,730	6,861,100	7,374,790	8,173,910
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,023,480K)
= 0.00

The debt-to-capital ratio of MGM Resorts International has consistently been at 0.00 for the past several quarters, as seen in the data provided from March 31, 2020, to December 31, 2024. This indicates that the company has been utilizing more of its capital rather than debt to finance its operations and growth. A debt-to-capital ratio of 0.00 typically suggests that the company has either no debt or a negligible amount of debt in relation to its total capital structure.

A low or zero debt-to-capital ratio can be a positive sign for investors and stakeholders as it indicates lower financial risk and a more conservative approach to leverage. However, it's important to note that while a low ratio can signal financial stability, it can also mean missed opportunities for leveraging debt for potential growth or maximizing returns on investment.

In summary, based on the historical trend of a consistent 0.00 debt-to-capital ratio, MGM Resorts International has maintained a conservative financial structure with little reliance on debt for funding its operations and investments.