Name: Debt to Equity

Definition: Debt to equity shows how much debt the company uses compared to the amount invested by its owners. It’s a bit like comparing your mortgage to your house down payment. Higher ratios suggest the business is comfortable borrowing to grow — which can boost returns in good times, but adds risk if conditions worsen. Lower ratios signal a more conservative, steady approach.

Interpretation:
• In '2021', MGM's debt to equity was 4.07, showing the balance between debt financing and shareholders' equity. Industry average for Hotels/Resorts in '2021' stood at 1.66.
• In '2022', MGM's debt to equity was 7.04, showing the balance between debt financing and shareholders' equity. The increase compared to '2021' may signal growing financial pressure. Industry average for Hotels/Resorts in '2022' stood at 1.80. Industry average increased by 0.15 compared to previous year.
• In '2023', MGM's debt to equity was 8.28, showing the balance between debt financing and shareholders' equity. The increase compared to '2022' may signal growing financial pressure. Industry average for Hotels/Resorts in '2023' stood at 1.27. Industry average declined by 0.54 from previous year.
• In '2024', MGM's debt to equity was 10.46, showing the balance between debt financing and shareholders' equity. The increase compared to '2023' may signal growing financial pressure. Industry average for Hotels/Resorts in '2024' stood at 0.60. Industry average declined by 0.67 from previous year.
Overall, MGM's debt to equity has been volatile but showed an upward trend over the past 4 years.

Formula: Debt to Equity = Total Debt / Shareholders' Equity

Good Range: Below 1.0 is conservative; 1-2 is common depending on industry.