Studio City International Holdings Ltd balance sheet

At the end of fiscal 2025, Studio City International Holdings Ltd had total assets of $2.80bn, total liabilities of $2.22bn and shareholders' equity of $524m. It held $109m in cash against $2.03bn of debt: net debt of $1.92bn.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Studio City International Holdings Ltd: balance sheet, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	371	348	346	299	575	499	510	228	128	109
Receivables	—	2	2	1	0	0	0	2	2	2
Inventory	—	10	10	10	9	6	5	6	7	9
Total current assets	—	461	459	414	608	564	554	316	166	131
Total assets	—	2,928	2,802	2,712	3,044	3,319	3,594	3,237	2,985	2,796
Accounts payable	—	3	6	3	0	0	1	2	3	6
Total current liabilities	—	178	439	100	162	255	247	157	181	180
Short-term debt	—	0	348	0	—	—	—	0	22	0
Long-term debt	—	1,999	1,262	1,435	1,585	2,087	2,434	2,335	2,142	2,025
Total debt	0	2,025	1,625	1,450	1,600	2,100	2,450	2,347	2,172	2,030
Total liabilities	—	2,188	1,706	1,554	1,776	2,375	2,717	2,508	2,339	2,223
Shareholders' equity	—	740	843	891	1,060	789	801	666	591	524
Non-controlling interests and other (assets − liabilities − equity)	—	—	253	267	208	155	76	—	—	—
Net debt (negative = net cash)	−371	1,677	1,279	1,151	1,025	1,601	1,941	2,119	2,044	1,921

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Studio City International Holdings Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Studio City International Holdings Ltd.