Why MGM Is Not A Gamble [Seeking Alpha]
MGM Resorts International (MGM)
Last mgm resorts international earnings: 4/30 04:15 pm
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US:NYSE Investor Relations:
investors.mgmresorts.com
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Source: Seeking Alpha
Based on its strong balance sheet, MGM Resorts International (The COVID-19 pandemic proves to be a true challenge for the U.S. economy as a whole. This is especially true for non-essential services and businesses such as casinos or venues. The first questions that came to my mind were: How leveraged was MGM in 2019? Can they put on more debt easily? And are visitor numbers already improving or not?MGM's leverageAnalyzing MGM's balance sheet quarter by quarter, one can find that their quick ratio steadily increased ever since Q2'19 to 2.85 in Q1'20. In other terms, this means that MGM's short-term leverage decreased. Whereas their quick ratio was usually lower than the one of Las Vegas Sands (LVSWYNNFig. 1: the quick ratio of MGM compared to LVSCompanyQ1'19Q3'19Q4'190.750.690.841.221.721.621.591.631.431.160.951.051.401.77ValuationMany new investors seem to be preoccupied with the PE ratio of a given stock. And yet, a PE ratio tells you only so much. A company earning 10 cents per share
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MGM
News
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MGM
Earnings
- 2/13/24 - Beat
MGM
Sec Filings
- 4/11/24 - Form PX14A6G
- 4/9/24 - Form 8-K
- 4/3/24 - Form 4
- MGM's page on the SEC website