Cinemark Holdings Inc (CNK)
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 | 644,000 | 31,400 | 38,200 | 17,600 | 270,100 | 800,900 | 873,000 | 719,800 | 874,400 | 669,248 | 719,681 | 754,807 | 892,747 | 984,009 | 744,739 | 587,667 | 634,990 | 594,768 | 662,551 | 544,506 |
| Total current liabilities | US$ in thousands | 253,200 | 651,900 | 744,700 | 740,900 | 214,800 | 628,400 | 725,800 | 645,600 | 769,100 | 642,777 | 651,722 | 594,510 | 606,441 | 623,877 | 596,119 | 600,427 | 708,800 | 639,779 | 700,195 | 656,978 |
| Current ratio | 2.54 | 0.05 | 0.05 | 0.02 | 1.26 | 1.27 | 1.20 | 1.11 | 1.14 | 1.04 | 1.10 | 1.27 | 1.47 | 1.58 | 1.25 | 0.98 | 0.90 | 0.93 | 0.95 | 0.83 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $644,000K ÷ $253,200K
= 2.54
Cinemark Holdings Inc's current ratio has varied over the past eight quarters, ranging from a low of 0.96 in Q4 2022 to a high of 1.55 in Q3 2023. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally seen as a positive sign of financial health.
The current ratio has exhibited some volatility, with fluctuations between quarters. The company's current ratio was below 1 in Q4 2022, suggesting potential liquidity concerns at that time. However, the ratio has improved since then, reaching a peak of 1.55 in Q3 2023.
Overall, Cinemark Holdings Inc's current ratio has shown improvement in recent quarters, indicating a stronger ability to meet its short-term obligations with its current assets. However, it is important to continue monitoring this ratio to ensure that the company maintains a healthy liquidity position in the future.