Quick Ratio
Updated 366h ago
Sector Performance
70th percentileMGM
1.01x
Sector Median
0.72x
Sector Avg
3.05x
Deep Analysis
MGM’s Quick Ratio of 1.01x shows it has $1.01 in highly liquid assets (cash, marketable securities, receivables) for every $1 of current liabilities—a measure of short-term solvency.
This sits well above the sector median of 0.72x, placing MGM in the 70th percentile among peers, indicating a stronger-than-average liquidity position. Because the year-over-year and quarter-over-quarter changes are both listed as N/A, and no historical trend is available, investors cannot assess whether this coverage is improving or weakening. The current level alone suggests low near-term default risk, but the absence of trend data limits insight into whether management is actively preserving or drawing down liquidity. This metric supports the overall CAUTIOUS verdict because while the ratio provides a buffer, a cautious stance likely reflects other factors outside this single strong liquidity point.
Frequently Asked Questions
What does the Quick Ratio tell investors about MGM?
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
How is the Quick Ratio calculated?
Quick Ratio is calculated as: (Cash + Receivables) / Current Liabilities.
Who are MGM's closest peers by Quick Ratio?
The closest peers by Quick Ratio include: EXR (0.16x), AWK (0.13x), DRI (0.13x), NIO (0.13x), SRE (0.11x).
The Formula
(Cash + Receivables) / Current Liabilities
Why It Matters
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
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1.01x
Sector Median
0.72x
Sector Avg
3.05x
How MGM's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.