|Bid||318.19 x 900|
|Ask||319.00 x 800|
|Day's Range||310.75 - 323.36|
|52 Week Range||125.00 - 323.36|
|Beta (5Y Monthly)||1.32|
|PE Ratio (TTM)||252.23|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 25, 2020|
|1y Target Est||N/A|
Vail Resorts (MTN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The casino sector is one part of the broader gaming industry focused on leisure and resort properties and casino gaming activities. Companies in the sector own and operate casinos, resorts, hotels, ski facilities, and racetracks in various locations worldwide. The sector also includes companies involved in online gambling.
Shares of Vail Resorts (NYSE:MTN) increased by 15.17% in the past three months. Before we understand the importance of debt, let us look at how much debt Vail Resorts has. Vail Resorts's Debt According to the Vail Resorts's most recent financial statement as reported on December 10, 2020, total debt is at $2.45 billion, with $2.39 billion in long-term debt and $63.71 million in current debt. Adjusting for $462.21 million in cash-equivalents, the company has a net debt of $1.99 billion. Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents. Investors look at the debt-ratio to understand how much financial leverage a company has. Vail Resorts has $5.39 billion in total assets, therefore making the debt-ratio 0.45. As a rule of thumb, a debt-ratio more than one indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can also imply that the company might be putting itself at risk for default, if interest rates were to increase. However, debt-ratios vary widely across different industries. A debt ratio of 35% might be higher for one industry and normal for another. Why Investors Look At Debt? Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives. Interest-payment obligations can impact the cash-flow of the company. Equity owners can keep excess profit, generated from the debt capital, when companies use the debt capital for its business operations. Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more. See more from BenzingaClick here for options trades from Benzinga12 Information Technology Stocks Moving In Friday's Pre-Market Session12 Health Care Stocks Moving In Friday's Pre-Market Session© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.