MGM China Holdings (M04) Ratios
MGM China Holdings Ratios
DE:M04's free cash flow for Q2 2026 was $2.43B. For the 2026 fiscal year, DE:M04's free cash flow was decreased by $-610.16M and operating cash flow was $3.04B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.54 | 0.72 | 0.50 | 3.14 | 1.18 |
| Quick Ratio | 0.51 | 0.70 | 0.48 | 3.07 | 1.13 |
| Cash Ratio | 0.38 | 0.58 | 0.41 | 2.91 | 1.00 |
| Solvency Ratio | 0.27 | 0.21 | 0.15 | -0.09 | -0.06 |
| Operating Cash Flow Ratio | 0.75 | 0.74 | 0.80 | -0.92 | -0.14 |
| Short-Term Operating Cash Flow Coverage | 1.49 | 1.73 | 1.41 | -100.29 | -16.12 |
| Net Current Asset Value | $ -20.19B | $ -23.52B | $ -25.37B | $ -27.97B | $ -23.57B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.65 | 0.76 | 0.83 | 1.05 | 0.85 |
| Debt-to-Equity Ratio | 5.90 | 43.88 | -18.31 | -8.24 | 20.17 |
| Debt-to-Capital Ratio | 0.86 | 0.98 | 1.06 | 1.14 | 0.95 |
| Long-Term Debt-to-Capital Ratio | 0.80 | 0.97 | 1.08 | 1.14 | 0.95 |
| Financial Leverage Ratio | 9.14 | 58.01 | -21.99 | -7.81 | 23.76 |
| Debt Service Coverage Ratio | 1.19 | 1.47 | 0.83 | -0.91 | -0.22 |
| Interest Coverage Ratio | 4.40 | 3.75 | 2.38 | -2.17 | -1.70 |
| Debt to Market Cap | 0.38 | 0.61 | 0.61 | 1.00 | 1.33 |
| Interest Debt Per Share | 5.42 | 6.53 | 6.90 | 9.10 | 6.72 |
| Net Debt to EBITDA | 1.66 | 2.18 | 3.11 | -17.27 | -73.28 |
| Profitability Margins | |||||
| Gross Profit Margin | 80.04% | 37.81% | 79.67% | -7.97% | 16.76% |
| EBIT Margin | 19.43% | 20.14% | 18.63% | -67.40% | -25.98% |
| EBITDA Margin | 25.57% | 26.04% | 26.15% | -28.80% | -3.05% |
| Operating Profit Margin | 19.29% | 19.79% | 18.42% | -68.51% | -24.96% |
| Pretax Profit Margin | 14.78% | 14.86% | 10.88% | -99.01% | -40.68% |
| Net Profit Margin | 14.59% | 14.67% | 10.69% | -99.30% | -40.87% |
| Continuous Operations Profit Margin | 14.59% | 14.67% | 10.69% | -99.30% | -40.87% |
| Net Income Per EBT | 98.71% | 98.71% | 98.26% | 100.30% | 100.49% |
| EBT Per EBIT | 76.63% | 75.08% | 59.04% | 144.51% | 162.99% |
| Return on Assets (ROA) | 17.10% | 15.04% | 9.04% | -16.76% | -13.53% |
| Return on Equity (ROE) | 156.27% | 872.64% | -198.78% | 130.91% | -321.38% |
| Return on Capital Employed (ROCE) | 37.23% | 28.91% | 24.12% | -12.49% | -9.27% |
| Return on Invested Capital (ROIC) | 27.70% | 24.12% | 18.07% | -12.47% | -9.25% |
| Return on Tangible Assets | 17.85% | 15.77% | 9.56% | -16.76% | -13.55% |
| Earnings Yield | 10.14% | 12.18% | 6.68% | -16.01% | -21.40% |
| Efficiency Ratios | |||||
| Receivables Turnover | 24.42 | 37.61 | 41.01 | 22.00 | 34.89 |
| Payables Turnover | 1.26 | 3.94 | 1.15 | 2.53 | 2.61 |
| Inventory Turnover | 28.91 | 90.08 | 26.67 | 35.55 | 47.65 |
| Fixed Asset Turnover | 1.66 | 1.47 | 1.14 | 0.23 | 0.38 |
| Asset Turnover | 1.17 | 1.03 | 0.85 | 0.17 | 0.33 |
| Working Capital Turnover Ratio | -8.72 | -8.10 | -192.02 | 1.92 | 41.77 |
| Cash Conversion Cycle | -261.57 | -78.98 | -293.63 | -117.65 | -121.56 |
| Days of Sales Outstanding | 14.95 | 9.70 | 8.90 | 16.59 | 10.46 |
| Days of Inventory Outstanding | 12.63 | 4.05 | 13.68 | 10.27 | 7.66 |
| Days of Payables Outstanding | 289.14 | 92.73 | 316.21 | 144.51 | 139.68 |
| Operating Cycle | 27.57 | 13.76 | 22.58 | 26.86 | 18.12 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 2.29 | 1.77 | 2.18 | -0.56 | -0.12 |
| Free Cash Flow Per Share | 1.88 | 1.45 | 2.08 | -0.63 | -0.26 |
| Dividend Paid and CapEx Coverage Ratio | 2.35 | 1.74 | 23.31 | -7.25 | -0.85 |
| Capital Expenditure Coverage Ratio | 5.58 | 5.60 | 23.31 | -7.25 | -0.85 |
| Operating Cash Flow Coverage Ratio | 0.46 | 0.29 | 0.34 | -0.06 | -0.02 |
| Operating Cash Flow to Sales Ratio | 0.25 | 0.21 | 0.33 | -0.40 | -0.05 |
| Free Cash Flow Yield | 14.33% | 14.61% | 20.02% | -7.36% | -5.44% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 9.86 | 8.21 | 14.98 | -6.25 | -4.67 |
| Price-to-Sales (P/S) Ratio | 1.44 | 1.20 | 1.60 | 6.20 | 1.91 |
| Price-to-Book (P/B) Ratio | 15.41 | 71.62 | -29.78 | -8.18 | 15.02 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 6.98 | 6.85 | 4.99 | -13.59 | -18.39 |
| Price-to-Operating Cash Flow Ratio | 5.73 | 5.62 | 4.78 | -15.46 | -39.98 |
| Price-to-Earnings Growth (PEG) Ratio | 0.99 | 0.11 | -0.10 | -0.17 | 0.18 |
| Enterprise Value Multiple | 7.29 | 6.80 | 9.23 | -38.81 | -135.91 |
| Enterprise Value | 64.83B | 55.62B | 59.59B | 58.89B | 39.01B |
| EV to EBITDA | 7.29 | 6.80 | 9.23 | -38.81 | -135.91 |
| EV to Sales | 1.86 | 1.77 | 2.41 | 11.18 | 4.15 |
| EV to Free Cash Flow | 9.04 | 10.08 | 7.53 | -24.48 | -39.91 |
| EV to Operating Cash Flow | 7.42 | 8.28 | 7.21 | -27.86 | -86.76 |
| Tangible Book Value Per Share | 0.53 | -0.23 | -0.77 | -1.05 | 0.30 |
| Shareholders’ Equity Per Share | 0.85 | 0.14 | -0.35 | -1.05 | 0.31 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.01 | 0.01 | 0.02 | -0.00 | -0.00 |
| Revenue Per Share | 9.11 | 8.26 | 6.50 | 1.39 | 2.48 |
| Net Income Per Share | 1.33 | 1.21 | 0.69 | -1.38 | -1.01 |
| Tax Burden | 0.99 | 0.99 | 0.98 | 1.00 | 1.00 |
| Interest Burden | 0.76 | 0.74 | 0.58 | 1.47 | 1.57 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.06 | 0.06 | 0.00 | 0.06 | 0.04 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Income Quality | 1.70 | 1.46 | 3.13 | 0.41 | 0.12 |
Currency in HKD
