Boyd Gaming Corporation (BYD)

Current ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Total current assets US$ in thousands 561,507 529,315 478,228 507,803 650,277
Total current liabilities US$ in thousands 622,685 596,322 586,134 557,042 524,022
Current ratio 0.90 0.89 0.82 0.91 1.24

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $561,507K ÷ $622,685K
= 0.90

The current ratio of Boyd Gaming Corporation has shown a declining trend over the past five years. Starting at 1.24 in December 31, 2020, the ratio decreased to 0.91 by December 31, 2021, and further dropped to 0.82, 0.89, and 0.90 in the subsequent years. This suggests that the company may be facing challenges in meeting its short-term obligations with its current assets. A current ratio below 1 indicates that Boyd Gaming Corporation may have difficulties in paying off its current liabilities using its current assets alone. It is important for the company to closely monitor its liquidity position and work towards improving the current ratio to ensure its financial health and stability.