Caesars Entertainment Corporation (CZR)

Current 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
Total current assets	US$ in thousands	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	963,539	702,638	382,990
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
Current ratio		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	2.32	1.83	0.98

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,045,000K ÷ $2,690,000K
= 0.76

Caesars Entertainment Inc has experienced fluctuating current ratios over the past eight quarters, ranging from a low of 0.73 to a high of 1.00. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio below 1 indicates potential liquidity issues, as the company may struggle to cover its short-term liabilities with its current assets.

In this case, Caesars Entertainment Inc's current ratios have mostly been below 1, suggesting a riskier liquidity position. The ratios have been below industry norms, indicating a potential need for the company to improve its liquidity management. The current ratio was the lowest in the most recent quarter at 0.76, indicating a potential deterioration in short-term liquidity.

Investors and stakeholders should monitor Caesars Entertainment Inc's liquidity position closely to ensure the company can meet its short-term obligations and sustain its operations effectively.