Caesars Entertainment Corporation (CZR)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 866,000 | 1,005,000 | 1,038,000 | 1,070,000 | 1,776,000 |
| Short-term investments | US$ in thousands | — | — | — | 319,000 | 2,021,000 |
| Receivables | US$ in thousands | 470,000 | 608,000 | 611,000 | 472,000 | 382,000 |
| Total current liabilities | US$ in thousands | 2,272,000 | 2,690,000 | 2,668,000 | 5,297,000 | 2,513,000 |
| Quick ratio | 0.59 | 0.60 | 0.62 | 0.35 | 1.66 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($866,000K
+ $—K
+ $470,000K)
÷ $2,272,000K
= 0.59
The quick ratio of Caesars Entertainment Corporation has shown fluctuations over the past five years. As of December 31, 2020, the quick ratio was calculated at 1.66, indicating a healthy liquidity position. However, by the end of 2021, the quick ratio significantly declined to 0.35, suggesting a potential liquidity strain.
Subsequently, there was a slight improvement in the quick ratio to 0.62 by the end of 2022. In 2023 and 2024, the quick ratio remained relatively stable at 0.60 and 0.59, respectively. These figures indicate that Caesars Entertainment Corporation may still be facing some challenges in maintaining a strong liquidity position in comparison to the benchmark level of 1.
Overall, the fluctuating trend in the quick ratio of Caesars Entertainment Corporation suggests varying liquidity dynamics over the years, underscoring the importance of closely monitoring the company's ability to meet short-term obligations with its readily available liquid assets.
Peer comparison
Dec 31, 2024