Caesars Entertainment Corporation (CZR)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 866,000 | 802,000 | 726,000 | 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 |
| 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 |
| Total current liabilities | US$ in thousands | 2,272,000 | 2,267,000 | 2,535,000 | 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 |
| Cash ratio | 0.38 | 0.35 | 0.29 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($866,000K
+ $—K)
÷ $2,272,000K
= 0.38
The cash ratio of Caesars Entertainment Corporation has shown fluctuations over the period from December 31, 2019, to December 31, 2024. Starting at 0.35 on December 31, 2019, the cash ratio increased steadily to reach its peak of 2.07 on June 30, 2020. This indicates the company had a high level of cash compared to its current liabilities at that point.
Subsequently, the ratio fluctuated, showing decreases and increases until March 31, 2021, when it stood at 1.55. However, from June 30, 2021, to September 30, 2024, the cash ratio gradually declined, reaching its lowest point of 0.19 on March 31, 2022. This could suggest that the company's cash reserves relative to its current liabilities decreased during this period.
Overall, the cash ratio fluctuated within the range of 0.19 to 2.07 during the analyzed period, indicating varying levels of liquidity and ability to cover short-term obligations with cash on hand. The downward trend from June 30, 2021, to September 30, 2024, may raise concerns about the company's liquidity position, and investors and stakeholders may need to closely monitor this ratio in future periods to assess the company's ability to meet its short-term obligations with available cash.
Peer comparison
Dec 31, 2024