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.
Peer comparison
Dec 31, 2024