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What is MGM's Net Debt?

  MGM Resorts International ( MGM ) |
1994 - 2021 (28 years)

Net Debt is 
$47.1B (1Y -15.1% )

MGM Stock Price & Net Debt

Net Debt for MGM competitors.
MCRI PENN CNTY WYNN MLCO BYD LVS
Note: Stonk = Stock. Both words are used interchangeably. 🙂

Historical (All-Time) Stats for Net Debt

chevron_right 2021 $7.3B +5.7x
( +7.0% / year avg)
chevron_left 1994 $1.1B
vertical_align_top Peak $60.4B +400x
vertical_align_bottom Bottom $150.4M
arrow_drop_up # Up Years 17 17 of 28
years up.
arrow_drop_down # Down Years 11
Up Years = Positive (0%+) YoY change
Down Years = Zero or Negative (0% or less) YoY change

Key Points (Stonk Price Comparison)

  • MGM's stock price has rallied +807% from $2.54 in 1994 , or +1.24x faster than it's net debt over the same period.
  • If MGM grows it's stock at the same rate as it's net debt (+7.0%/year) , it's stock price will grow +196% and hit $45.36 over the next 10 years.
  • MGM's stock price has gone up 10 of the 17 years (+58%) it's net debt were also up.
  • MGM Historical Net Debt Table
    in $ million
    Year Net Debt YoY % Change Stock Price YoY % Change (Stock Price)
    4/1/2021 $7,277 -88.0% $23.06 34.2%
    4/1/2020 $60,431 9.1% $17.18 -29.3%
    4/1/2019 $55,373 13.5% $24.3 -19.7%
    4/1/2018 $48,767 5.6% $30.26 0.5%
    4/1/2017 $46,192 6.2% $30.11 39.4%
    4/1/2016 $43,492 -7.2% $21.6 14.0%
    4/1/2015 $46,842 0.5% $18.95 -22.1%
    4/1/2014 $46,619 -2.4% $24.34 69.7%
    4/1/2013 $47,748 2.3% $14.34 40.1%
    4/1/2012 $46,689 -0.6% $10.24 -28.1%
    4/1/2011 $46,957 -2.9% $14.25 20.9%
    4/1/2010 $48,358 -3.9% $11.78 67.0%
    4/1/2009 $50,316 2.7% $7.05 -84.8%
    4/1/2008 $48,981 -6.8% $46.52 -38.1%
    4/1/2007 $52,554 7.0% $75.18 91.8%
    4/1/2006 $49,106 44.7% $39.19 8.8%
    4/1/2005 $33,930 60.6% $36.01 71.5%
    4/1/2004 $21,123 4.4% $20.99 57.2%
    4/1/2003 $20,236 -0.1% $13.35 -25.0%
    4/1/2002 $20,255 -7.2% $17.81 19.9%
    4/1/2001 $21,824 65.2% $14.86 -2.9%
    4/1/2000 $13,210 201.8% $15.31 50.6%
    4/1/1999 $4,377 241.4% $10.17 30.4%
    4/1/1998 $1,282 752.7% $7.8 -10.9%
    4/1/1997 $150 -88.9% $8.75 -16.8%
    4/1/1996 $1,359 -24.5% $10.52 59.0%
    4/1/1995 $1,799 66.0% $6.62 14.5%
    4/1/1994 $1,084 - $5.78 -

  • About
    Industry: Resorts & Casinos
    Sector: Consumer Cyclical
    Country: US
    IPO Date: 12/13/1989
    Stonk Exchange: NYSE
    • MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts.
    • The company is headquartered in Las Vegas, Nevada and currently employs 55,000 full-time employees.
    • The Company, through its subsidiaries, owns and operates casino resorts.
    • The firm operates in two segments: domestic resorts and MGM China.
    • Its domestic resorts segment consists of non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities.
    • Its casino operations feature a range of slots, table games, and race and sports book wagering.
    • Its MGM China’s operations consist of the MGM Macau resort and casino, and the development of an integrated casino, hotel and entertainment resort on the Cotai Strip in Macau.
    • Under its resort operation, the Company's casino resorts offer gaming, hotel, convention, dining, entertainment, retail and other resort amenities.
    • The company owns Primm Valley Golf Club at the California/Nevada state line and Fallen Oak golf course in Saucier, Mississippi, among others.

  • Net debt is a liquidity metric used to determine how well a company can pay all of its debts if they were due immediately. Net debt shows much debt a company has on its balance sheet compared to its liquid assets. Net debt shows how much cash would remain if all debts were paid off and if a company has enough liquidity to meet its debt obligations.

    For more detailed definitions, please see Investopedia.