Caesars Entertainment Corporation (CZR)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 866,000 | 802,000 | 726,000 | 1,005,000 | 841,000 | 1,122,000 | 965,000 | 1,038,000 | 944,000 | 997,000 | 814,000 | 1,070,000 | 1,072,000 | 1,128,000 | 1,810,000 | 1,776,000 | 1,051,000 | 950,000 | 672,000 | 206,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 136,000 | 145,000 | 185,000 | 319,000 | 302,000 | 237,000 | 2,073,000 | 4,000 | 2,259,000 | 36,071 | 31,385 | 34,634 |
| Receivables | US$ in thousands | 470,000 | 469,000 | 551,000 | 608,000 | 555,000 | 526,000 | 543,000 | 611,000 | 506,000 | 494,000 | 450,000 | 472,000 | 438,000 | 420,000 | 372,000 | 382,000 | 422,000 | 44,890 | 44,389 | 57,705 |
| 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 |
| Quick ratio | 0.59 | 0.56 | 0.50 | 0.60 | 0.55 | 0.61 | 0.63 | 0.62 | 0.65 | 0.33 | 0.28 | 0.35 | 0.36 | 0.33 | 1.70 | 0.86 | 1.51 | 2.17 | 0.97 | 0.43 |
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 periods provided. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
- From December 2019 to September 2020, the quick ratio improved significantly from 0.43 to 2.17, indicating a stronger ability to cover short-term liabilities with quick assets.
- However, the quick ratio decreased to 0.86 by December 2020 before increasing to 1.70 by March 2021, signaling an improvement in liquidity position.
- Subsequently, the quick ratio fluctuated, reaching its lowest point of 0.28 by March 2022 and gradually recovering to 0.61 by June 2023.
- As of December 2024, the quick ratio stood at 0.59, indicating the company's ability to cover short-term obligations with liquid assets is slightly below the ideal level of 1.
Overall, while the quick ratio of Caesars Entertainment Corporation has shown volatility, it is important for the company to monitor and manage its liquidity position to ensure it can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024