Boyd Gaming Corporation (BYD)

Current ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	529,315	469,248	459,046	457,355	478,228	439,332	417,812	576,568	507,803	717,272	472,824	867,298	650,277	640,622	1,455,870	963,763	399,494	393,668	396,793	402,660
Total current liabilities	US$ in thousands	596,322	583,419	546,566	592,172	586,134	575,813	534,600	582,136	557,042	568,193	528,908	546,136	524,022	521,174	509,892	501,158	556,893	554,300	530,843	560,816
Current ratio		0.89	0.80	0.84	0.77	0.82	0.76	0.78	0.99	0.91	1.26	0.89	1.59	1.24	1.23	2.86	1.92	0.72	0.71	0.75	0.72

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $529,315K ÷ $596,322K
= 0.89

The current ratio of Boyd Gaming Corp. has exhibited fluctuations over the past eight quarters, ranging from a low of 0.76 in Q3 2022 to a high of 0.99 in Q1 2022. The current ratio measures the company's ability to meet its short-term liabilities with its current assets. A ratio below 1 indicates potential liquidity issues, as current liabilities exceed current assets.

Boyd Gaming Corp.'s current ratio has generally been below 1, suggesting that the company may have difficulty covering its short-term obligations with its current assets. The ratio improved to 0.89 in Q4 2023 compared to the previous quarter, indicating a better ability to meet its short-term liabilities, although it remains below 1.

It is important for investors and stakeholders to monitor the trend of the current ratio over time to assess the company's liquidity position and ability to manage its short-term financial obligations effectively. Further analysis of the components of current assets and current liabilities is warranted to gain a more comprehensive understanding of Boyd Gaming Corp.'s financial health.