Debt-to-Equity Ratio

MGM’s debt-to-equity ratio of 2.63x means the company has $2.63 of debt for every $1 of shareholder equity — a measure of financial leverage.

That is far above the sector median of 0.73x, placing MGM in the 91st percentile among peers, indicating much higher reliance on borrowed funds. The metric has been decreasing over the last eight quarters, with a quarter-over-quarter drop of -79.6% from the prior quarter’s 12.88x (the year-over-year change is not available). Although the current level still signals elevated leverage, the sharp recent decline suggests the company is actively reducing debt relative to equity, lowering near-term financial risk. This combination of a high but rapidly improving ratio implies an opportunity if the deleveraging continues, yet the absolute level remains a concern. The 2.63x ratio and its downward trend support the overall CAUTIOUS verdict — the high percentile rank warrants caution, while the improvement prevents a more severe rating.

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