Studio City International Holdings Ltd key statistics and ratios

In fiscal 2025, Studio City International Holdings Ltd had return on equity of -10.5%, an operating margin of 10.1%, debt equal to 387.5% of equity and a current ratio of 0.73. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Studio City International Holdings Ltd: financial ratios, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Operating margin	−12.9%	14.9%	24.1%	28.4%	−568.9%	−179.3%	<−999%	−6.5%	6.0%	10.1%
Net margin	−57.2%	−14.2%	−3.8%	5.4%	−653.6%	−236.3%	<−999%	−30.0%	−15.1%	−8.5%
Return on equity	—	−10.3%	−2.7%	3.9%	−33.0%	−27.3%	−41.1%	−18.2%	−15.4%	−10.5%
Return on assets	—	−2.6%	−0.8%	1.2%	−11.2%	−7.9%	−9.4%	−3.9%	−3.1%	−2.0%
Asset turnover	—	0.18	0.20	0.23	0.02	0.03	0.00	0.13	0.21	0.24
Current ratio	—	2.59	1.05	4.14	3.75	2.21	2.24	2.02	0.92	0.73
Debt to equity	—	273.7%	192.7%	162.7%	151.0%	266.0%	306.0%	352.4%	367.6%	387.5%
Interest cover (operating income ÷ interest)	n/m	0.5x	0.9x	1.3x	n/m	n/m	n/m	n/m	0.3x	0.6x
SG&A as % of revenue	31.8%	24.2%	23.2%	20.6%	180.9%	81.9%	690.9%	25.9%	26.8%	26.4%
Dividends ÷ net income	—	—	—	0.0%	—	—	—	—	—	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

0 of 7 checks passed · December 31, 2025

What it owns · $2.8bn

Short-term assets $131mLonger-term assets $2.7bn

What it owes, and who funded it · $2.7bn

Short-term liabilities $180mLonger-term liabilities $2.0bnShareholders' equity $524m

Short-term assets cover short-term liabilities $131m of assets due within a year against $180m of liabilities due within a year.
Short-term assets cover long-term liabilities $131m short-term assets against $2.0bn of longer-dated liabilities.
More cash than debt $109m of cash against $2.0bn of debt.
Debt below 40% of shareholders' equity Debt is 386% of equity.
Debt burden no higher than five years ago Debt to equity moved from 149% to 386% over five years.
A year's operating cash flow covers at least 20% of debt $210m of operating cash flow against $2.0bn of debt.
Operating profit covers interest at least five times over Operating income of $70m against $126m of interest.

From Studio City International Holdings Ltd's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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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.