Golden Entertainment Inc (GDEN)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 57,725 | 157,550 | 136,889 | 220,540 | 103,558 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 100,987 | 174,376 | 132,702 | 126,966 | 118,713 |
| Cash ratio | 0.57 | 0.90 | 1.03 | 1.74 | 0.87 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($57,725K
+ $—K)
÷ $100,987K
= 0.57
The cash ratio for Golden Entertainment Inc has displayed fluctuations over the past five years. The ratio stood at 0.87 in December 2020, indicating that the company had less than $1 in cash and cash equivalents for every dollar of current liabilities. By December 2021, the cash ratio improved to 1.74, reflecting a healthier liquidity position with more than enough cash to cover short-term obligations. However, in December 2022, the cash ratio decreased to 1.03, suggesting a slight decline in liquidity strength. Subsequently, by December 2023, the ratio decreased further to 0.90, indicating a potential strain on the company's ability to meet its immediate payment obligations with cash on hand. The lowest ratio of 0.57 was recorded by December 2024, which signals a significant reduction in liquidity and may point to potential liquidity challenges if the trend persists. Overall, the fluctuating cash ratio of Golden Entertainment Inc highlights varying levels of liquidity risk over the five-year period.
Peer comparison
Dec 31, 2024