Caesars Entertainment Corporation (CZR)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 866,000 | 1,005,000 | 1,038,000 | 1,070,000 | 1,776,000 |
| Short-term investments | US$ in thousands | — | — | — | 319,000 | 2,021,000 |
| Total current liabilities | US$ in thousands | 2,272,000 | 2,690,000 | 2,668,000 | 5,297,000 | 2,513,000 |
| Cash ratio | 0.38 | 0.37 | 0.39 | 0.26 | 1.51 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($866,000K
+ $—K)
÷ $2,272,000K
= 0.38
Caesars Entertainment Corporation's cash ratio has shown fluctuations over the period from December 31, 2020, to December 31, 2024. The cash ratio, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, stood at 1.51 on December 31, 2020.
However, there has been a significant decrease in the cash ratio to 0.26 on December 31, 2021, indicating a lower level of cash reserves relative to current liabilities. This could potentially signal liquidity challenges for the company during that period.
Subsequently, there was a slight improvement in the cash ratio to 0.39 on December 31, 2022, followed by relatively stable ratios of 0.37 on December 31, 2023, and 0.38 on December 31, 2024.
Overall, while the cash ratio has fluctuated, it is important to assess the company's cash management practices and liquidity position to ensure adequate coverage of short-term obligations.
Peer comparison
Dec 31, 2024