MGM Resorts International (MGM) — Working Capital to Net Assets Ratio
MGM Resorts International (MGM) has a Working Capital to Net Assets ratio of 34.1% as of March 2026. Working capital of $1.14 Billion (current assets of $4.53 Billion minus current liabilities of $3.39 Billion) is measured against net assets of $3.33 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial agility of MGM Resorts International to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
MGM Resorts International Working Capital to Net Assets (1988–2025)
This chart shows how MGM Resorts International's Working Capital to Net Assets ratio has evolved across 38 annual periods from 1988 to 2025. As of March 2026, the ratio stands at 34.1%, reflecting working capital of $1.14 Billion against net assets of $3.33 Billion USD. See how many days can MGM Resorts International fund operations to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for MGM Resorts International (1988–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for MGM Resorts International from 1988 to 2025, covering 38 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see MGM Resorts International (MGM) market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 25.0% | $820.32 Million | $3.28 Billion | $4.33 Billion | $3.51 Billion | ▼ -2.2 pp |
| 2024 | 27.2% | $1.01 Billion | $3.72 Billion | $4.36 Billion | $3.35 Billion | ▼ -13.7 pp |
| 2023 | 40.9% | $1.78 Billion | $4.37 Billion | $4.91 Billion | $3.13 Billion | ▼ -26.9 pp |
| 2022 | 67.8% | $3.64 Billion | $5.37 Billion | $8.15 Billion | $4.52 Billion | ▲ +41.0 pp |
| 2021 | 26.7% | $2.97 Billion | $11.12 Billion | $6.42 Billion | $3.44 Billion | ▼ -9.7 pp |
| 2020 | 36.4% | $4.09 Billion | $11.25 Billion | $5.95 Billion | $1.86 Billion | ▲ +30.0 pp |
| 2019 | 6.4% | $816.27 Million | $12.77 Billion | $4.01 Billion | $3.19 Billion | ▲ +10.4 pp |
| 2018 | -4.0% | $-422.10 Million | $10.57 Billion | $2.53 Billion | $2.95 Billion | ▲ +2.5 pp |
| 2017 | -6.5% | $-761.94 Million | $11.69 Billion | $2.38 Billion | $3.14 Billion | ▼ -5.9 pp |
| 2016 | -0.6% | $-63.83 Million | $10.02 Billion | $2.23 Billion | $2.29 Billion | ▼ -2.8 pp |
| 2015 | 2.2% | $170.80 Million | $7.77 Billion | $2.41 Billion | $2.24 Billion | ▲ +7.2 pp |
| 2014 | -5.0% | $-380.76 Million | $7.63 Billion | $3.03 Billion | $3.41 Billion | ▼ -11.4 pp |
| 2013 | 6.4% | $504.11 Million | $7.88 Billion | $2.72 Billion | $2.22 Billion | ▼ -0.8 pp |
| 2012 | 7.2% | $581.42 Million | $8.12 Billion | $2.51 Billion | $1.93 Billion | ▼ -3.6 pp |
| 2011 | 10.8% | $1.07 Billion | $9.88 Billion | $2.81 Billion | $1.74 Billion | ▲ +3.8 pp |
| 2010 | 7.0% | $209.42 Million | $3.00 Billion | $1.46 Billion | $1.25 Billion | ▼ -10.3 pp |
| 2009 | 17.3% | $669.90 Million | $3.87 Billion | $3.05 Billion | $2.38 Billion | ▲ +54.3 pp |
| 2008 | -37.0% | $-1.47 Billion | $3.97 Billion | $1.53 Billion | $3.00 Billion | ▼ -27.1 pp |
| 2007 | -9.9% | $-598.87 Million | $6.06 Billion | $1.13 Billion | $1.72 Billion | ▼ -6.4 pp |
| 2006 | -3.5% | $-133.35 Million | $3.85 Billion | $1.51 Billion | $1.65 Billion | ▲ +12.5 pp |
| 2005 | -15.9% | $-515.99 Million | $3.24 Billion | $1.02 Billion | $1.53 Billion | ▼ -12.1 pp |
| 2004 | -3.9% | $-107.78 Million | $2.77 Billion | $820.20 Million | $927.98 Million | ▼ -3.6 pp |
| 2003 | -0.3% | $-7.44 Million | $2.53 Billion | $859.18 Million | $866.62 Million | ▲ +5.7 pp |
| 2002 | -6.0% | $-160.24 Million | $2.66 Billion | $589.83 Million | $750.07 Million | ▲ +3.0 pp |
| 2001 | -9.0% | $-225.98 Million | $2.51 Billion | $661.93 Million | $887.91 Million | ▲ +9.4 pp |
| 2000 | -18.4% | $-437.56 Million | $2.38 Billion | $795.64 Million | $1.23 Billion | ▼ -16.4 pp |
| 1999 | -2.0% | $-20.18 Million | $1.02 Billion | $269.91 Million | $290.09 Million | ▼ -3.9 pp |
| 1998 | 1.9% | $18.70 Million | $964.40 Million | $203.20 Million | $184.50 Million | ▲ +2.9 pp |
| 1997 | -1.0% | $-10.70 Million | $1.10 Billion | $170.80 Million | $181.50 Million | ▼ -4.7 pp |
| 1996 | 3.7% | $35.90 Million | $973.40 Million | $226.70 Million | $190.80 Million | ▼ -12.3 pp |
| 1995 | 16.0% | $93.30 Million | $584.50 Million | $212.70 Million | $119.40 Million | ▼ -1.4 pp |
| 1994 | 17.4% | $92.10 Million | $529.40 Million | $203.50 Million | $111.40 Million | ▼ -3.5 pp |
| 1993 | 20.9% | $100.60 Million | $481.80 Million | $266.20 Million | $165.60 Million | ▼ -78.8 pp |
| 1992 | 99.7% | $525.10 Million | $526.80 Million | $582.00 Million | $56.90 Million | ▲ +54.0 pp |
| 1991 | 45.7% | $204.30 Million | $446.90 Million | $223.20 Million | $18.90 Million | ▲ +39.4 pp |
| 1990 | 6.3% | $16.20 Million | $258.40 Million | $40.60 Million | $24.40 Million | ▼ -34.1 pp |
| 1989 | 40.3% | $106.90 Million | $265.10 Million | $130.00 Million | $23.10 Million | ▲ +38.8 pp |
| 1988 | 1.6% | $3.20 Million | $204.60 Million | $49.80 Million | $46.60 Million | — |