Cinemark Holdings Inc (CNK)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 612,400 | 10,800 | 758,000 | 650,100 | 247,200 | 631,900 | 695,100 | 568,600 | 707,300 | 543,013 | 595,884 | 512,828 | 655,338 | 825,706 | 571,755 | 479,399 | 488,313 | 482,772 | 511,392 | 425,194 |
| Short-term investments | US$ in thousands | — | -19,600 | 14,300 | 11,200 | — | 9,900 | 4,300 | — | 39 | — | 147,629 | 145,458 | 151,962 | 250,434 | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | 97,800 | 112,300 | 99,400 | 115,473 | 75,141 | 74,693 | 198,390 | 190,416 | 108,750 | 135,101 | 76,935 | 87,804 | 71,791 | 108,252 | 89,275 |
| 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 |
| Quick ratio | 2.42 | -0.01 | 1.04 | 0.89 | 1.15 | 1.18 | 1.12 | 1.03 | 1.07 | 0.96 | 1.26 | 1.44 | 1.65 | 1.90 | 1.19 | 0.93 | 0.81 | 0.87 | 0.88 | 0.78 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($612,400K
+ $—K
+ $—K)
÷ $253,200K
= 2.42
Cinemark Holdings Inc's quick ratio has shown fluctuations over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio is generally considered favorable, indicating a stronger liquidity position.
In Q4 2023, the quick ratio was 1.42, indicating that the company had $1.42 in liquid assets for every dollar of current liabilities. This was a slight decrease from the previous quarter's ratio of 1.51. Despite this decrease, the quick ratio remained above 1, suggesting that Cinemark had an adequate level of liquid assets to cover its short-term obligations.
The quick ratio fluctuated over the quarters, with the highest ratio of 1.51 in Q3 2023 and the lowest ratio of 0.92 in Q4 2022. It is important to assess the trend of the quick ratio over time to evaluate the company's ongoing liquidity position.
Overall, Cinemark Holdings Inc's quick ratio has shown some variability but has generally remained above 1, indicating a relatively healthy liquidity position to meet its short-term obligations. Further analysis and comparison with industry benchmarks may provide additional insights into the company's liquidity management.