MGM Resorts International (MGM)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,023,480K
= 0.00
MGM Resorts International's debt-to-equity ratio has consistently been reported as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has either no debt or negligible debt in relation to its equity during this period. A debt-to-equity ratio of 0.00 suggests a strong financial position, as the company is primarily funded by equity rather than debt. This could imply lower financial risk and potential for better performance, as it may have lower interest expenses and financial leverage. It is important to note that while a low debt-to-equity ratio is generally viewed positively, it is also essential to consider the specific industry norms and the company's overall financial strategy.
Peer comparison
Dec 31, 2024