MGM Resorts International

MGM Resorts Internationalverified

MGM

Price:

$35.01

Market Cap:

$10.63B

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts and Fallen Oak golf course. Its customers include premium gam...[Read more]

Industry

Gambling, Resorts & Casinos

IPO Date

1988-05-02

Stock Exchange

NYSE

Ticker

MGM

The Current Ratio as of September 2024 (TTM) for MGM Resorts International (MGM) is 1.47

According to MGM Resorts International’s latest financial reports and current stock price. The company's current Current Ratio is 1.47. This represents a change of -7.04% compared to the average of 1.58 of the last 4 quarters.

MGM Resorts International (MGM) Historical Current Ratio (quarterly & annually)

How has MGM Current Ratio performed in the past?

The mean historical Current Ratio of MGM Resorts International over the last ten years is 1.43. The current 1.47 Current Ratio has changed 10.21% with respect to the historical average. Over the past ten years (40 quarters), MGM's Current Ratio was at its highest in in the March 2021 quarter at 3.86. The Current Ratio was at its lowest in in the September 2014 quarter at 0.59.

Quarterly (TTM)
Annual

Average

1.43

Median

1.17

Minimum

0.76

Maximum

3.21

MGM Resorts International (MGM) Current Ratio by Quarter and Year

Discovering the peaks and valleys of MGM Resorts International Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 155.24%

Maximum Annual Current Ratio = 3.21

Minimum Annual Increase = -41.85%

Minimum Annual Current Ratio = 0.76

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.57-13.01%
20221.81-3.12%
20211.86-41.85%
20203.21155.24%
20191.2646.55%
20180.8613.16%
20170.76-22.11%
20160.97-9.68%
20151.0821.17%
20140.89-27.64%

MGM Resorts International (MGM) Average Current Ratio

How has MGM Current Ratio performed in the past?

The current Current Ratio of MGM Resorts International (MGM) is less than than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

1.75

5-year avg

1.94

10-year avg

1.43

MGM Resorts International (MGM) Current Ratio vs. Peers

How is MGM’s Current Ratio compared to its peers?

MGM Resorts International’s Current Ratio is greater than Wynn Resorts, Limited (1.30), greater than Caesars Entertainment, Inc. (0.70), greater than Melco Resorts & Entertainment Limited (1.29), greater than PENN Entertainment, Inc. (1.03), less than Las Vegas Sands Corp. (1.58), less than Red Rock Resorts, Inc. (0), greater than null (0.94),

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