Melco Resorts and Entertainment (FRA:MAS) Cash-to-Debt : 0.15 (As of Mar. 2024)

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What is Melco Resorts and Entertainment Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Melco Resorts and Entertainment's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.15.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Melco Resorts and Entertainment couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Melco Resorts and Entertainment's Cash-to-Debt or its related term are showing as below:

FRA:MAS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.33 Max: 0.77
Current: 0.15

During the past 13 years, Melco Resorts and Entertainment's highest Cash to Debt Ratio was 0.77. The lowest was 0.15. And the median was 0.33.

FRA:MAS's Cash-to-Debt is ranked worse than
70.85% of 820 companies
in the Travel & Leisure industry
Industry Median: 0.6 vs FRA:MAS: 0.15

Melco Resorts and Entertainment Cash-to-Debt Historical Data

The historical data trend for Melco Resorts and Entertainment's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Melco Resorts and Entertainment Cash-to-Debt Chart

Melco Resorts and Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.30

0.29

0.24

0.21

0.17

Melco Resorts and Entertainment Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.16	0.18	0.18	0.17	0.15

Competitive Comparison of Melco Resorts and Entertainment's Cash-to-Debt

For the Resorts & Casinos subindustry, Melco Resorts and Entertainment's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Melco Resorts and Entertainment's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Melco Resorts and Entertainment's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Melco Resorts and Entertainment's Cash-to-Debt falls into.

Melco Resorts and Entertainment Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Melco Resorts and Entertainment's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1201.926	/	(50.428	+	7073.694)
	=	0.17

Melco Resorts and Entertainment's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1070.95	/	(48.484	+	6953.021)
	=	0.15

Melco Resorts and Entertainment (FRA:MAS) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Melco Resorts and Entertainment Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Melco Resorts and Entertainment's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Melco Resorts and Entertainment (FRA:MAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Melco Resorts and Entertainment Ltd (FRA:MAS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MLCO:USA 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.