Caesars Entertainment Corporation (CZR)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,747,000 | 2,045,000 | 2,102,000 | 5,964,000 | 6,063,000 |
| Total current liabilities | US$ in thousands | 2,272,000 | 2,690,000 | 2,668,000 | 5,297,000 | 2,513,000 |
| Current ratio | 0.77 | 0.76 | 0.79 | 1.13 | 2.41 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,747,000K ÷ $2,272,000K
= 0.77
Caesars Entertainment Corporation's current ratio has shown a declining trend over the years, starting at a healthy level of 2.41 as of December 31, 2020, and decreasing to 1.13 by December 31, 2021. The ratio continued to decrease significantly to 0.79 by December 31, 2022, and further to 0.76 by December 31, 2023. By December 31, 2024, the current ratio slightly improved to 0.77.
The declining current ratio indicates that Caesars Entertainment Corporation may be facing challenges in meeting its short-term obligations with its current assets. A current ratio below 1 suggests that the company may have trouble covering its short-term liabilities with its current assets.
It is important for stakeholders to monitor this trend closely as a low current ratio could signal liquidity issues and potentially impact the company's financial stability and ability to operate effectively in the short term. Further analysis of the company's liquidity position, cash flows, and management of current assets and liabilities may be necessary to fully understand the implications of the changing current ratio for Caesars Entertainment Corporation.
Peer comparison
Dec 31, 2024