Melco Crown Entertainment (HKSE:06883) Debt-to-Equity : -6.04 (As of Dec. 2023)

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What is Melco Crown Entertainment Debt-to-Equity?

Melco Crown Entertainment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$429 Mil. Melco Crown Entertainment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$60,244 Mil. Melco Crown Entertainment's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$-10,053 Mil. Melco Crown Entertainment's debt to equity for the quarter that ended in Dec. 2023 was -6.04.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

HKSE:06883' s Debt-to-Equity Range Over the Past 10 Years
Min: -10.25 Med: 1.27 Max: 28.75
Current: -6.04

During the past 13 years, the highest Debt-to-Equity Ratio of Melco Crown Entertainment was 28.75. The lowest was -10.25. And the median was 1.27.

HKSE:06883's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.47 vs HKSE:06883: -6.04

Melco Crown Entertainment Debt-to-Equity Historical Data

The historical data trend for Melco Crown Entertainment's Debt-to-Equity 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.

* Premium members only.

Melco Crown Entertainment Debt-to-Equity Chart

Melco Crown Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.98

5.53

28.75

-10.25

-6.04

Melco Crown Entertainment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-10.25	-7.41	-7.40	-7.19	-6.04

Competitive Comparison of Melco Crown Entertainment's Debt-to-Equity

For the Resorts & Casinos subindustry, Melco Crown Entertainment's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Crown Entertainment's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Melco Crown Entertainment's Debt-to-Equity falls into.

Melco Crown Entertainment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Melco Crown Entertainment's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(429.477	+	60244.422)	/	-10053.399
	=	-6.04

Melco Crown Entertainment's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(429.477	+	60244.422)	/	-10053.399
	=	-6.04

Melco Crown Entertainment (HKSE:06883) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Melco Crown Entertainment Debt-to-Equity Related Terms

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Melco Crown Entertainment (HKSE:06883) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Melco Crown Entertainment Ltd (HKSE:06883) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MLCO:USA 0A2P:UK MAS:Germany 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.

Melco Crown Entertainment (HKSE:06883) Headlines

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