MGM Short Term Debt vs Long Term Investments Analysis
MGM Stock | USD 41.05 0.02 0.05% |
MGM Resorts financial indicator trend analysis is infinitely more than just investigating MGM Resorts International recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MGM Resorts International is a good investment. Please check the relationship between MGM Resorts Short Term Debt and its Long Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGM Resorts International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Short Term Debt vs Long Term Investments
Short Term Debt vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MGM Resorts International Short Term Debt account and Long Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between MGM Resorts' Short Term Debt and Long Term Investments is -0.16. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of MGM Resorts International, assuming nothing else is changed. The correlation between historical values of MGM Resorts' Short Term Debt and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of MGM Resorts International are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Short Term Debt i.e., MGM Resorts' Short Term Debt and Long Term Investments go up and down completely randomly.
Correlation Coefficient | -0.16 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Short Term Debt
Long Term Investments
Long Term Investments is an item on the asset side of MGM Resorts balance sheet that represents investments MGM Resorts International intends to hold for over a year. MGM Resorts International long term investments may include different instruments such as stocks, bonds, real estate and cash.Most indicators from MGM Resorts' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MGM Resorts International current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGM Resorts International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. At this time, MGM Resorts' Selling General Administrative is very stable compared to the past year. As of the 21st of May 2024, Tax Provision is likely to grow to about 528.5 M, while Issuance Of Capital Stock is likely to drop 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.6B | 6.5B | 6.8B | 7.1B | Total Revenue | 9.7B | 13.1B | 16.2B | 17.0B |
MGM Resorts fundamental ratios Correlations
Click cells to compare fundamentals
MGM Resorts Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MGM Resorts fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 33.6B | 36.5B | 40.9B | 45.7B | 42.4B | 44.5B | |
Short Long Term Debt Total | 15.2B | 20.8B | 24.6B | 33.9B | 31.5B | 33.0B | |
Other Current Liab | 2.5B | 1.3B | 1.7B | 2.2B | 2.0B | 2.1B | |
Total Current Liabilities | 3.2B | 1.9B | 3.4B | 4.5B | 3.1B | 1.6B | |
Total Stockholder Equity | 7.7B | 6.5B | 6.1B | 4.8B | 3.8B | 3.6B | |
Property Plant And Equipment Net | 22.4B | 22.9B | 25.9B | 29.8B | 29.5B | 31.0B | |
Net Debt | 12.9B | 15.7B | 19.9B | 28.0B | 28.5B | 30.0B | |
Retained Earnings | 4.2B | 3.1B | 4.3B | 4.8B | 3.7B | 3.8B | |
Cash | 2.3B | 5.1B | 4.7B | 5.9B | 2.9B | 3.1B | |
Non Current Assets Total | 29.6B | 30.5B | 34.5B | 37.5B | 37.5B | 39.3B | |
Non Currrent Assets Other | (1.6B) | (1.7B) | (1.9B) | (1.9B) | (2.0B) | (1.9B) | |
Cash And Short Term Investments | 2.3B | 5.1B | 4.7B | 5.9B | 2.9B | 3.1B | |
Net Receivables | 1.4B | 559.9M | 857.8M | 925.2M | 1.1B | 1.1B | |
Common Stock Shares Outstanding | 527.6M | 494.2M | 487.4M | 413.0M | 358.6M | 370.4M | |
Liabilities And Stockholders Equity | 33.6B | 36.5B | 40.9B | 45.7B | 42.4B | 44.5B | |
Non Current Liabilities Total | 17.7B | 23.4B | 26.3B | 35.8B | 34.9B | 36.6B | |
Inventory | 102.9M | 88.3M | 96.4M | 126.1M | 141.7M | 80.3M | |
Other Current Assets | 200.3M | 200.8M | 259.0M | 583.1M | 770.5M | 809.0M | |
Other Stockholder Equity | 3.5B | 3.4B | 1.8B | 33.5M | 38.5M | 36.6M | |
Total Liab | 20.9B | 25.2B | 29.8B | 40.3B | 38.0B | 39.9B | |
Total Current Assets | 4.0B | 6.0B | 6.4B | 8.2B | 4.9B | 5.2B | |
Short Term Debt | 95.4M | 112.0M | 1B | 1.3B | 144.3M | 273.4M | |
Intangible Assets | 3.8B | 3.6B | 3.6B | 1.6B | 1.7B | 1.8B | |
Accounts Payable | 235.4M | 142.5M | 263.1M | 369.8M | 461.7M | 484.8M | |
Property Plant And Equipment Gross | 22.7B | 22.9B | 14.4B | 5.2B | 34.7B | 36.4B | |
Accumulated Other Comprehensive Income | (10.2M) | (30.7M) | (24.6M) | 33.5M | 143.9M | 151.1M | |
Common Stock Total Equity | 5.0M | 4.9M | 4.5M | 3.8M | 4.4M | 4.3M | |
Common Stock | 5.0M | 4.9M | 4.5M | 3.8M | 3.3M | 4.3M | |
Other Liab | 2.5B | 2.6B | 2.8B | 3.1B | 3.6B | 3.8B | |
Other Assets | 710.3M | 443.4M | 490.2M | 1.0B | 1.2B | 1.2B | |
Long Term Debt | 11.5B | 12.8B | 11.8B | 7.4B | 6.3B | 11.8B | |
Good Will | 2.1B | 2.1B | 3.5B | 5.0B | 5.2B | 5.4B | |
Property Plant Equipment | 18.3B | 14.6B | 25.9B | 29.8B | 34.2B | 17.3B | |
Current Deferred Revenue | 367.2M | 256.2M | 489.4M | 612.2M | 566.2M | 441.6M | |
Net Tangible Assets | 6.2B | 9.2B | (1.0B) | 30.1B | 34.7B | 36.4B | |
Noncontrolling Interest In Consolidated Entity | 4.9B | 4.7B | 4.9B | 378.6M | 435.4M | 413.6M | |
Retained Earnings Total Equity | 4.2B | 3.1B | 4.3B | 4.8B | 5.5B | 5.8B | |
Long Term Debt Total | 11.5B | 12.8B | 12.1B | 7.4B | 6.7B | 10.0B |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGM Resorts International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the MGM Resorts International information on this page should be used as a complementary analysis to other MGM Resorts' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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Is MGM Resorts' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MGM Resorts. If investors know MGM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MGM Resorts listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.46) | Earnings Share 2.62 | Revenue Per Share 48.685 | Quarterly Revenue Growth 0.132 | Return On Assets 0.0244 |
The market value of MGM Resorts International is measured differently than its book value, which is the value of MGM that is recorded on the company's balance sheet. Investors also form their own opinion of MGM Resorts' value that differs from its market value or its book value, called intrinsic value, which is MGM Resorts' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MGM Resorts' market value can be influenced by many factors that don't directly affect MGM Resorts' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MGM Resorts' value and its price as these two are different measures arrived at by different means. Investors typically determine if MGM Resorts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGM Resorts' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.