Current Ratio
Updated 366h ago
Sector Performance
57th percentileMGM
1.33x
Sector Median
1.20x
Sector Avg
2.57x
Deep Analysis
The current ratio of 1.33x means MGM has $1.33 in short-term assets for every $1.00 of short-term liabilities, indicating it can cover its near-term obligations.
This ratio sits above the sector median of 1.21x, placing MGM in the 56th percentile among its peers—slightly better than average liquidity. Because the metric shows no year-over-year change, no quarter-over-quarter change, and only a single data point, there is no trend to assess. The combination of a healthy but unremarkable liquidity level with no observable trend leaves limited insight into whether the company’s position is strengthening or weakening. This metric does not directly contradict the overall CAUTIOUS verdict, but it offers no positive momentum to offset other concerns that likely drive that rating.
Frequently Asked Questions
What does the Current Ratio tell investors about MGM?
Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.
How is the Current Ratio calculated?
Current Ratio is calculated as: Current Assets / Current Liabilities.
Who are MGM's closest peers by Current Ratio?
The closest peers by Current Ratio include: KEY (0.42x), GEN (0.40x), CHTR (0.40x), USB (0.40x), DRI (0.39x).
The Formula
Current Assets / Current Liabilities
Why It Matters
Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.
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1.33x
Sector Median
1.20x
Sector Avg
2.57x
How MGM's Current Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.