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Wynn Macau (HKSE:01128) Debt-to-EBITDA : 6.77 (As of Dec. 2023)


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What is Wynn Macau Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Wynn Macau's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$4,709 Mil. Wynn Macau's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$48,123 Mil. Wynn Macau's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$7,799 Mil. Wynn Macau's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 6.77.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Wynn Macau's Debt-to-EBITDA or its related term are showing as below:

HKSE:01128' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -149.62   Med: 3.45   Max: 8.61
Current: 7.88

During the past 13 years, the highest Debt-to-EBITDA Ratio of Wynn Macau was 8.61. The lowest was -149.62. And the median was 3.45.

HKSE:01128's Debt-to-EBITDA is ranked worse than
80.94% of 619 companies
in the Travel & Leisure industry
Industry Median: 2.87 vs HKSE:01128: 7.88

Wynn Macau Debt-to-EBITDA Historical Data

The historical data trend for Wynn Macau's Debt-to-EBITDA 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.

* Premium members only.

Wynn Macau Debt-to-EBITDA Chart

Wynn Macau Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.19 -20.11 -149.62 -18.84 7.88

Wynn Macau Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -34.47 -17.86 -19.30 9.32 6.77

Competitive Comparison of Wynn Macau's Debt-to-EBITDA

For the Resorts & Casinos subindustry, Wynn Macau's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.


Wynn Macau's Debt-to-EBITDA Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Wynn Macau's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Wynn Macau's Debt-to-EBITDA falls into.



Wynn Macau Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Wynn Macau's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(4709.477 + 48122.596) / 6702.121
=7.88

Wynn Macau's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(4709.477 + 48122.596) / 7799.442
=6.77

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is two times the quarterly (Dec. 2023) EBITDA data.


Wynn Macau  (HKSE:01128) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Wynn Macau Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Wynn Macau's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


Wynn Macau (HKSE:01128) Business Description

Traded in Other Exchanges
Address
Avenida da Nave Desportiva, Wynn Palace, Cotai, MAC
Wynn Macau operates integrated casino resorts in Macao, including Wynn Macau on the peninsula and Wynn Palace in Cotai. These properties feature with high-end hotels and brand-name stores, making Wynn a high-end iconic brand. Wynn Resorts has a 72% stake in Wynn Macau.

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