MGMMGM Resorts
Is it safe?
Elevated bankruptcy risk: a balance sheet under strain. Everything else is secondary until this clears.
Elevated financial-distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -80% · now 42% below its 52-week high.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can MGM take a bad year?
MGM Resorts carries $3.52B of net debt at 1.68× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.68×
Net debt / EBITDA · 1.83× a year ago · the load is coming down
- Altman Z-score
- 0.79
Altman Z-score · distress zone, below 1.8
- Interest cover
- 2.49×
Interest cover · operating profit covers the interest bill, with room to spare
Details›
- Total debtQ2 2026
- $6.07B
- Cash and short-term investments
- $2.55B
- Net debt
- $3.52B
- EBITDA, trailing twelve months
- $2.10B
- Operating profit, trailing twelve months
- $1.02B
- Debt / equity
- 2.41×
- Total debt / EBITDA
- 2.89×
- Annualised volatilitytwo years of daily moves
- 41%
- Worst drawdown on file
- −80%
- Below its 52-week high
- 42%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Resorts & Casinos
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