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MGM Growth Properties LLC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $0.0 Mil. MGM Growth Properties LLC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $4,506.4 Mil. MGM Growth Properties LLC's Total Stockholders Equity for the quarter that ended in Mar. 2022 was $3,166.9 Mil. MGM Growth Properties LLC's debt to equity for the quarter that ended in Mar. 2022 was 1.42.
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 MGM Growth Properties LLC's Debt-to-Equity or its related term are showing as below:
During the past 8 years, the highest Debt-to-Equity Ratio of MGM Growth Properties LLC was 2.98. The lowest was 1.42. And the median was 2.43.
The historical data trend for MGM Growth Properties LLC'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.
MGM Growth Properties LLC Annual Data | |||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 2.42 | 2.98 | 1.85 | 1.71 | 1.44 |
MGM Growth Properties LLC Quarterly Data | ||||||||||||||||||||
Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | |
Debt-to-Equity | Get a 7-Day Free Trial | 1.52 | 1.49 | 1.50 | 1.44 | 1.42 |
For the REIT - Diversified subindustry, MGM Growth Properties LLC'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.
For the REITs industry and Real Estate sector, MGM Growth Properties LLC's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where MGM Growth Properties LLC's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
MGM Growth Properties LLC's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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 | |
= | (0 | + | 4554.337) | / | 3156.823 | |
= | 1.44 |
MGM Growth Properties LLC's Debt to Equity Ratio for the quarter that ended in Mar. 2022 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 | |
= | (0 | + | 4506.4) | / | 3166.926 | |
= | 1.42 |
* 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.
MGM Growth Properties LLC (NYSE:MGP) 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.
Thank you for viewing the detailed overview of MGM Growth Properties LLC's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Andy H Chien | officer: CFO and Treasurer | C/O MGM GROWTH PROPERTIES LLC, 6385 S. RAINBOW BLVD., SUITE 500, LAS VEGAS NV 89118 |
Paul J Salem | director | 50 KENNEDY PLAZA, 18TH FLOOR, PROVIDENCE RI 02903 |
Daniel J Taylor | director | 3600 LAS VEGAS BLVD., S., LAS VEGAS NV 89109 |
James C. Stewart | officer: Chief Executive Officer | C/O MGM GROWTH PROPERTIES LLC, 6385 S. RAINBOW BLVD., SUITE 500, LAS VEGAS NV 89118 |
Thomas A Roberts | director | C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BLVD., SUITE 500 LAS VEGAS NV 89118 |
Charles Irving | director | C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BOULEVARD, SUITE 500 LAS VEGAS NV 89118 |
Kathryn Coleman | director | 6385 S RAINBOW BOULEVARD, STE. 500 LAS VEGAS NV 89118 |
Michael Rietbrock | other: Former Director | C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BLVD., SUITE 500 LAS VEGAS NV 89118 |
James Murren | other: former director | 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109 |
Robert W Smith | director | C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BLVD., SUITE 500 LAS VEGAS NV 89118 |
Sanders Corey Ian | director | 3950 LAS VEGAS BLVD., S., LAS VEGAS NV 89119 |
Lau Knicks | officer: ED Acct & Finance (Controller) | 1980 FESTIVAL PLAZA DR., SUITE 750, LAS VEGAS NV 89135 |
William Hornbuckle | director | 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109 |
John Mcmanus | director | 3600 LAS VEGAS BLVD, S., EXECUTIVE OFFICES, LAS VEGAS NV 89119 |
Resorts International Mgm | 10 percent owner | 3600 LAS VEGAS BLVD S., LAS VEGAS NV 89109 |
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