Caesars Entertainment Corporation (CZR)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,045,000 | 2,102,000 | 5,964,000 | 6,063,000 | 605,000 |
| Total current liabilities | US$ in thousands | 2,690,000 | 2,668,000 | 5,297,000 | 2,513,000 | 688,000 |
| Current ratio | 0.76 | 0.79 | 1.13 | 2.41 | 0.88 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,045,000K ÷ $2,690,000K
= 0.76
Caesars Entertainment Inc's current ratio has exhibited fluctuations over the past five years. As of December 31, 2023, the current ratio stands at 0.76, indicating that the company's current assets are 76% of its current liabilities. This ratio has decreased from the previous year's ratio of 0.79, suggesting a potential weakening liquidity position.
Comparing the current ratio to earlier years, in 2022 and 2021, the company had higher current ratios of 1.13 and 2.58, respectively, signaling stronger liquidity positions. However, in 2020 and 2019, the current ratio dropped to 0.88, which indicates a decrease in liquidity.
The downward trend in Caesars Entertainment Inc's current ratio may raise concerns about its ability to meet short-term obligations effectively. Further analysis of the company's current assets and liabilities is warranted to understand the factors contributing to the declining current ratio and evaluate the overall liquidity risk.
Peer comparison
Dec 31, 2023