Melco Resorts and Entertainment (Melco Resorts and Entertainment) Cash And Cash Equivalents : $1,311 Mil (As of Dec. 2023)

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What is Melco Resorts and Entertainment Cash And Cash Equivalents?

Melco Resorts and Entertainment's quarterly cash and cash equivalents declined from Jun. 2023 ($1,432.44 Mil) to Sep. 2023 ($1,418.00 Mil) but then stayed the same from Sep. 2023 ($1,418.00 Mil) to Dec. 2023 ($1,310.72 Mil).

Melco Resorts and Entertainment's annual cash and cash equivalents increased from Dec. 2021 ($1,652.89 Mil) to Dec. 2022 ($1,812.73 Mil) but then declined from Dec. 2022 ($1,812.73 Mil) to Dec. 2023 ($1,310.72 Mil).

Melco Resorts and Entertainment Cash And Cash Equivalents Historical Data

The historical data trend for Melco Resorts and Entertainment's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Melco Resorts and Entertainment Cash And Cash Equivalents Chart

Melco Resorts and Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,394.98

1,755.35

1,652.89

1,812.73

1,310.72

Melco Resorts and Entertainment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,812.73	1,338.56	1,432.44	1,418.00	1,310.72

Melco Resorts and Entertainment Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Melco Resorts and Entertainment (NAS:MLCO) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Melco Resorts and Entertainment Cash And Cash Equivalents Related Terms

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Melco Resorts and Entertainment (Melco Resorts and Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Melco Resorts and Entertainment Ltd (NAS:MLCO) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

0A2P:UK M1LC34:Brazil

Address

60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG

Website

https://www.melco-resorts.com

Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on VIP customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao with the rest largely from the Philippines as of 2019.