Caesars Entertainment Corporation (CZR)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,747,000 | 1,900,000 | 1,737,000 | 2,045,000 | 1,860,000 | 2,127,000 | 2,011,000 | 2,102,000 | 1,936,000 | 4,900,000 | 5,120,000 | 5,964,000 | 5,925,000 | 6,316,000 | 6,562,000 | 6,063,000 | 6,298,000 | 1,534,740 | 1,242,410 | 605,000 |
| 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 |
| Current ratio | 0.77 | 0.84 | 0.69 | 0.76 | 0.73 | 0.78 | 0.85 | 0.79 | 0.80 | 1.00 | 1.00 | 1.13 | 1.19 | 1.16 | 2.62 | 2.41 | 2.55 | 3.22 | 1.61 | 0.88 |
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 fluctuated over the past few years, indicating changes in its short-term liquidity position. The current ratio measures a company's ability to cover its short-term liabilities with its current assets.
From December 2019 to June 2021, the current ratio showed improvement, peaking at 3.22 in June 2020, which indicates the company had a strong ability to meet its short-term obligations during that period. However, from June 2021 onwards, there was a decline in the current ratio, indicating a potential decrease in the company's short-term liquidity.
As of December 31, 2024, the current ratio stands at 0.77, which suggests that the company may be facing challenges in meeting its short-term obligations with its current assets. A current ratio below 1 may raise concerns about the company's ability to cover its short-term liabilities, potentially indicating liquidity issues.
Overall, the trend in Caesars Entertainment Corporation's current ratio indicates fluctuations in its short-term liquidity position, and investors and stakeholders should monitor this ratio to assess the company's ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024