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    NYNY  Empire Resorts Inc.

    Exchange

    NASDAQ

    Sector

    Consumer Services

    Industry

    Restaurants

    Market Cap.

    91.3M

    Weak Balance Sheet

    NYNY's financial position is not ideal. The key is to check whether NYNY is using debt to fuel its growth and the sustainability of that tendency. Highly capital intensive businesses (see Economic Moat) follow this route, which can deeply impact the future prospects of the business.
    Figures in USD. Fiscal year ends in December
    2002200320042005200620072008200920102011
    Cash 174,000.00 18,000.00 7.16M 6.99M 9.47M 15.01M 9.69M 50.08M 12.96M 14.60M
    Current Assets 221,000.00 35,000.00 10.88M 16.18M 18.02M 20.64M 15.73M 57.32M 19.16M 20.20M
    Total Assets 11.74M 8.02M 60.75M 57.25M 60.56M 54.20M 49.10M 89.42M 48.44M 49.83M
    Current Liabilities 7.81M 1.52M 10.75M 19.46M 21.29M 9.66M 81.47M 73.87M 42.15M 7.53M
    Total Liabilities 8.60M 1.52M 75.75M 84.46M 86.29M 82.28M 81.47M 73.87M 42.15M 24.96M
    Stockholder' Equity 3.14M 6.49M -14.99M -27.22M -25.72M -28.08M -32.37M 15.55M 6.29M 24.88M
    Current Ratio 0.03 0.02 1.01 0.83 0.85 2.14 0.19 0.78 0.45 2.68
    TL-to-TA 0.73 0.19 1.25 1.48 1.42 1.52 1.66 0.83 0.87 0.50

    Low or No Reinvestment of Profits over the past 10 years

    NYNY has either been retaining a small amount of their earnings or has done so inconsistently. A lack of consistency could be due to NYNY operating at a loss or them having such a strong economic moat they feel comfortable spending profits on growth. Be wary of future prospects and if applicable, inspect the moat's sustainability.
    Figures in USD. Fiscal year ends in December
    2002200320042005200620072008200920102011
    Retained Earnings -110.45M -118.64M -37.39M -56.06M -63.24M -88.07M -98.94M -109.63M -127.34M -127.48M
    Retained Earnings Growth - -7.42% 68.48% -49.93% -12.80% -39.28% -12.34% -10.80% -16.16% -0.11%