Monarch Casino & Resort, Inc. (MCRI) Balance Sheet
MCRI balance sheet, 2025
December 31, 2025 · U.S. dollars$712.8M assets = $175.2M liabilities + $537.7M equity
Both columns are drawn to the same scale: what MCRI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MCRI financial health
Descriptive bands, not a rating. Fiscal 2025.
MCRI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $295.2M2016 | $712.8M2025 | +10.3%/yr | |
| Total liabilities | $61.3M2016 | $175.2M2025 | +12.4%/yr | |
| Shareholders’ equity | $233.8M2016 | $537.7M2025 | +9.7%/yr | |
| Cash & short-term investments | $26.4M2016 | $96.5M2025 | +15.5%/yr | |
| Total debt | $26.2M2016 | $25.6M2025 | −0.3%/yr | |
| Net cash (debt) | $183,0002016 | $70.9M2025 | +$70.7M | |
| Working capital | $4.3M2016 | −$20.9M2025 | −$25.2M | |
| Book value per share | $13.242016 | $28.702025 | +9.0%/yr | |
| Current ratio | 1.122016 | 0.862025 | −0.26 | |
| Debt / equity | 0.112016 | 0.052025 | −0.06 | |
| Shares outstanding | 17.7M2016 | 18.7M2025 | +0.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MCRI assets
MCRI liabilities and equity
MCRI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MCRI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $96.5M | $58.8M | $43.4M | $38.8M | $33.5M | $28.3M | $60.5M | $30.5M | $29.2M | $26.4M |
| Cash & equivalents | $96.5M | $58.8M | $43.4M | $38.8M | $33.5M | $28.3M | $60.5M | $30.5M | $29.2M | $26.4M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $14.1M | $11.8M | $13.0M | $34.6M | $35.8M | $3.1M | $5.6M | $7.0M | $8.9M | $5.4M |
| Inventory | $9.1M | $9.3M | $7.6M | $7.6M | $7.2M | $7.8M | $6.7M | $3.7M | $3.3M | $3.1M |
| Other current assets | $9.6M | $10.6M | $11.0M | $8.5M | $7.6M | $33.9M | $6.2M | $5.5M | $4.6M | $4.5M |
| Total current assets | $129.3M | $90.4M | $75.0M | $89.4M | $84.1M | $73.2M | $79.2M | $46.7M | $46.0M | $39.4M |
| Property, plant & equipment (net) | $556.7M | $575.3M | $580.5M | $578.0M | $580.8M | $572.5M | $501.5M | $374.3M | $250.7M | $214.9M |
| Goodwill & intangible assets | $26.9M | $25.5M | $25.4M | $25.5M | $25.6M | $26.1M | $26.6M | $27.8M | $29.0M | $30.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1 | $418,000 | $0 | $0 | $0 | $130,000 | $9.4M | $6.3M | $6.4M | $10.7M |
| Total assets | $712.8M | $691.6M | $680.9M | $692.9M | $690.5M | $671.9M | $616.6M | $455.1M | $332.1M | $295.2M |
| Liabilities | ||||||||||
| Accounts payable | $95.1M | $41.2M | $23.1M | $14.4M | $18.6M | $11.7M | $24.6M | $11.2M | $8.2M | $8.7M |
| Short-term debt | $1.0M | $921,000 | $897,000 | $7.3M | $20.7M | $13.3M | $20.0M | — | $26.2M | $26.2M |
| Deferred revenue | — | — | $53.6M | $23.0M | — | $130,000 | — | — | — | — |
| Total current liabilities | $150.2M | $146.5M | $123.4M | $117.7M | $141.2M | $109.4M | $79.5M | $59.4M | $39.4M | $35.1M |
| Long-term debt | $0 | $0 | $5.5M | $0 | $68.2M | $167.2M | $175.4M | $94.5M | $26.2M | $26.2M |
| Lease obligations | $13.3M | $14.1M | $14.9M | $13.9M | $14.2M | $14.8M | $15.6M | — | — | — |
| Other long-term liabilities | $25.0M | $27.4M | $38.9M | $36.2M | $33.1M | $27.2M | $20.6M | $0 | $0 | $0 |
| Total liabilities | $175.2M | $173.8M | $167.7M | $154.0M | $242.4M | $303.8M | $275.4M | $153.9M | $65.6M | $61.3M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $195,000 | $193,000 | $191,000 | $191,000 | $191,000 | $191,000 | $191,000 | $191,000 | $191,000 | $191,000 |
| Retained earnings (deficit) | $597.8M | $518.4M | $467.8M | $498.2M | $410.7M | $342.2M | $318.6M | $286.8M | $257.5M | $232.0M |
| Treasury stock | — | — | — | — | — | — | −$12.8M | −$15.9M | −$18.1M | −$22.2M |
| Accumulated other comprehensive income | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $537.7M | $517.7M | $513.1M | $539.0M | $448.0M | $368.1M | $341.2M | $301.2M | $266.5M | $233.8M |
| Key figures | ||||||||||
| Total debt | $25.6M | $14.1M | $20.4M | $20.6M | $102.4M | $194.5M | $195.4M | $94.5M | $26.2M | $26.2M |
| Net cash (debt) | $70.9M | $44.7M | $22.9M | $18.2M | −$68.9M | −$166.1M | −$134.9M | −$64.0M | $3.0M | $183,000 |
| Working capital | −$20.9M | −$56.0M | −$48.4M | −$28.3M | −$57.1M | −$36.3M | −$310,000 | −$12.8M | $6.6M | $4.3M |
| Tangible book value | $510.7M | $492.3M | $487.7M | $513.5M | $422.4M | $342.0M | $314.6M | $273.4M | $237.5M | $203.7M |
| Book value per share | $28.70 | $27.29 | $26.16 | $27.53 | $23.06 | $19.50 | $18.26 | $16.22 | $14.51 | $13.24 |
| Shares outstanding | 18.7M | 19.0M | 19.6M | 19.6M | 19.4M | 18.9M | 18.7M | 18.6M | 18.4M | 17.7M |
| Current ratio | 0.86 | 0.62 | 0.61 | 0.76 | 0.60 | 0.67 | 1.00 | 0.79 | 1.17 | 1.12 |
| Quick ratio | 0.74 | 0.48 | 0.46 | 0.62 | 0.49 | 0.29 | 0.83 | 0.63 | 0.97 | 0.91 |
| Debt / equity | 0.05 | 0.03 | 0.04 | 0.04 | 0.23 | 0.53 | 0.57 | 0.31 | 0.10 | 0.11 |
| Equity / assets | 75.4% | 74.9% | 75.4% | 77.8% | 64.9% | 54.8% | 55.3% | 66.2% | 80.2% | 79.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $138.3M | $120.1M | $96.5M | $107.6M | $71.6M | $75.1M | $58.8M | $39.4M | $33.5M | $39.5M | $43.4M | $33.9M |
| Cash & equivalents | $138.3M | $120.1M | $96.5M | $107.6M | $71.6M | $75.1M | $58.8M | $39.4M | $33.5M | $39.5M | $43.4M | $33.9M |
| Receivables | $9.6M | $9.7M | $14.1M | $8.9M | $15.0M | $12.0M | $11.8M | $11.9M | $11.4M | $10.3M | $13.0M | $11.0M |
| Inventory | $8.3M | $8.3M | $9.1M | $8.5M | $8.4M | $8.3M | $9.3M | $7.7M | $8.1M | $7.4M | $7.6M | $7.2M |
| Other current assets | $12.7M | $8.7M | $9.6M | $8.9M | $7.6M | $7.9M | $10.6M | $9.4M | $7.9M | $9.3M | $11.0M | $10.6M |
| Total current assets | $168.9M | $146.9M | $129.3M | $134.0M | $102.5M | $103.3M | $90.4M | $68.3M | $61.0M | $66.5M | $75.0M | $62.7M |
| Property, plant & equipment (net) | $545.0M | $551.5M | $556.7M | $564.2M | $576.0M | $581.7M | $575.3M | $577.5M | $586.1M | $585.4M | $580.5M | $576.1M |
| Goodwill & intangible assets | $27.3M | $26.8M | $26.9M | $26.8M | $26.9M | $25.4M | $25.5M | $25.3M | $25.3M | $25.4M | $25.4M | $25.5M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $1 | $289,000 | $321,000 | $1.7M | $418,000 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $741.2M | $725.2M | $712.8M | $725.4M | $705.8M | $712.1M | $691.6M | $671.1M | $672.4M | $677.3M | $680.9M | $664.3M |
| Liabilities | ||||||||||||
| Accounts payable | $90.2M | $93.6M | $95.1M | $40.6M | $39.2M | $38.8M | $41.2M | $13.3M | $17.4M | $21.4M | $23.1M | $19.5M |
| Short-term debt | $953,000 | $986,000 | $1.0M | $1.0M | $1.0M | $890,000 | $921,000 | $7.9M | $23.9M | $6.4M | $897,000 | $883,000 |
| Deferred revenue | — | — | — | — | — | — | — | — | $1 | $4.5M | $6.9M | — |
| Total current liabilities | $139.9M | $150.6M | $150.2M | $140.2M | $139.5M | $149.3M | $146.5M | $120.1M | $136.1M | $130.2M | $123.4M | $116.6M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.5M | $8.0M |
| Lease obligations | $12.8M | $13.0M | $13.3M | $13.6M | $13.8M | $13.8M | $14.1M | $14.3M | $14.5M | $14.7M | $14.9M | $15.1M |
| Other long-term liabilities | $24.5M | $24.8M | $25.0M | $26.8M | $27.0M | $27.2M | $27.4M | $37.8M | $37.9M | $38.2M | $38.9M | $37.3M |
| Total liabilities | $164.4M | $175.3M | $175.2M | $167.0M | $166.5M | $176.5M | $173.8M | $157.9M | $174.0M | $168.4M | $167.7M | $161.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | $196,000 | $195,000 | $195,000 | $194,000 | $194,000 | $193,000 | $193,000 | $192,000 | $192,000 | $191,000 | $191,000 |
| Retained earnings (deficit) | $647.2M | $620.1M | $597.8M | $580.3M | $554.2M | $532.7M | $518.4M | $519.7M | $497.6M | $480.4M | $467.8M | $455.4M |
| Accumulated other comprehensive income | — | — | — | — | $0 | — | — | — | $0 | $0 | $0 | — |
| Total shareholders' equity | $576.8M | $549.8M | $537.7M | $558.4M | $539.2M | $535.6M | $517.7M | $513.3M | $498.4M | $508.9M | $513.1M | $502.4M |
| Key figures | ||||||||||||
| Total debt | $12.8M | $13.0M | $25.6M | $13.6M | $13.8M | $13.8M | $14.1M | $21.3M | $37.5M | $20.2M | $20.4M | $23.1M |
| Net cash (debt) | $125.5M | $107.1M | $70.9M | $94.1M | $57.8M | $61.3M | $44.7M | $18.1M | −$4.0M | $19.3M | $22.9M | $10.8M |
| Working capital | $29.0M | −$3.7M | −$20.9M | −$6.2M | −$37.0M | −$46.0M | −$56.0M | −$51.8M | −$75.1M | −$63.7M | −$48.4M | −$53.9M |
| Tangible book value | $549.5M | $523.1M | $510.7M | $531.5M | $512.3M | $510.2M | $492.3M | $488.0M | $473.0M | $483.5M | $487.7M | $477.0M |
| Book value per share | $31.63 | $30.21 | $28.70 | $29.80 | $28.80 | $28.45 | $27.60 | $27.38 | $26.11 | $25.89 | $26.19 | $25.62 |
| Shares outstanding | 18.2M | 18.2M | 18.7M | 18.7M | 18.7M | 18.8M | 18.8M | 18.7M | 19.1M | 19.7M | 19.6M | 19.6M |
| Current ratio | 1.21 | 0.98 | 0.86 | 0.96 | 0.73 | 0.69 | 0.62 | 0.57 | 0.45 | 0.51 | 0.61 | 0.54 |
| Quick ratio | 1.06 | 0.86 | 0.74 | 0.83 | 0.62 | 0.58 | 0.48 | 0.43 | 0.33 | 0.38 | 0.46 | 0.39 |
| Debt / equity | 0.02 | 0.02 | 0.05 | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 | 0.08 | 0.04 | 0.04 | 0.05 |
| Equity / assets | 77.8% | 75.8% | 75.4% | 77.0% | 76.4% | 75.2% | 74.9% | 76.5% | 74.1% | 75.1% | 75.4% | 75.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 24, 2026); data from EODHD.
MCRI financial position
At the end of fiscal 2025 (December 31, 2025), Monarch Casino & Resort had total assets of $712.8 million (up 3.1% from a year earlier), total liabilities of $175.2 million and shareholders' equity of $537.7 million. It held $96.5 million in cash and short-term investments against $25.6 million of debt, a net cash position of $70.9 million. Its current ratio was 0.86. In the latest quarter (ended June 30, 2026) total assets were $741.2 million and equity $576.8 million.
Related: MCRI income statement, MCRI cash flow statement, MCRI key metrics. See the MCRI stock overview for the latest quote and news.
MCRI balance sheet FAQ
What are Monarch Casino & Resort's total assets?
Monarch Casino & Resort reported total assets of $712.8 million at the end of fiscal 2025 (December 31, 2025), compared with $691.6 million a year earlier.
How much debt does Monarch Casino & Resort have?
Monarch Casino & Resort had $25.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.05.
How much cash does Monarch Casino & Resort have?
Monarch Casino & Resort held $96.5 million in cash and short-term investments at the end of fiscal 2025; with $25.6 million of debt that is net cash of $70.9 million.
What is Monarch Casino & Resort's book value?
Monarch Casino & Resort's shareholders' equity (book value) was $537.7 million at the end of fiscal 2025, or $28.70 per share.
What is Monarch Casino & Resort's current ratio?
Monarch Casino & Resort had current assets of $129.3 million and current liabilities of $150.2 million, a current ratio of 0.86 (current liabilities exceed current assets).
How much goodwill does Monarch Casino & Resort have?
Monarch Casino & Resort carried $26.9 million of goodwill and intangible assets, 3.8% of total assets, at the end of fiscal 2025.