Caesars Entertainment Corporation (CZR)
Cash 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 and cash equivalents | US$ in thousands | 1,005,000 | 841,000 | 1,122,000 | 965,000 | 1,038,000 | 944,000 | 997,000 | 814,000 | 1,070,000 | 1,072,000 | 1,128,000 | 1,810,000 | 1,776,000 | 1,051,000 | 950,000 | 672,000 | 206,000 | 209,000 | 183,139 | 216,883 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 136,000 | 145,000 | 185,000 | 319,000 | 302,000 | 237,000 | 2,073,000 | 4,000 | 2,259,000 | 36,071 | 31,385 | 34,634 | 20,433 | 22,679 | 16,899 |
| Total current liabilities | US$ in thousands | 2,690,000 | 2,561,000 | 2,717,000 | 2,377,000 | 2,668,000 | 2,426,000 | 4,897,000 | 5,145,000 | 5,297,000 | 4,978,000 | 5,452,000 | 2,504,000 | 2,513,000 | 2,470,000 | 476,002 | 771,008 | 688,000 | 414,971 | 383,240 | 389,344 |
| Cash ratio | 0.37 | 0.33 | 0.41 | 0.41 | 0.39 | 0.45 | 0.23 | 0.19 | 0.26 | 0.28 | 0.25 | 1.55 | 0.71 | 1.34 | 2.07 | 0.91 | 0.35 | 0.55 | 0.54 | 0.60 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,005,000K
+ $—K)
÷ $2,690,000K
= 0.37
The cash ratio of Caesars Entertainment Inc has varied over the past eight quarters, ranging from a low of 0.22 in Q1 2022 to a high of 0.53 in Q1 2023. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher ratio indicates a stronger ability to meet short-term obligations without having to rely on external sources of funding.
The fluctuation in the cash ratio of Caesars Entertainment Inc suggests changes in the company's liquidity position over the periods analyzed. A ratio above 1 indicates that the company has more cash and cash equivalents than short-term liabilities, which can be seen mainly in Q1 2023. Conversely, a ratio below 1, as observed in Q1 and Q2 2022, indicates that the company may have had difficulties meeting immediate obligations with its available cash resources alone.
Overall, Caesars Entertainment Inc's cash ratio has shown some volatility, which could be attributed to variations in cash flows and short-term liquidity management during the periods under review. Investors and stakeholders may use these trends to assess the company's financial health and sustainability.
Peer comparison
Dec 31, 2023