Golden Entertainment Inc (GDEN)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 57,725 | 68,551 | 88,638 | 404,338 | 157,550 | 261,161 | 120,823 | 110,474 | 136,889 | 170,486 | 179,163 | 202,283 | 220,540 | 219,284 | 152,522 | 145,442 | 103,558 | 100,432 | 86,159 | 301,768 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 100,987 | 94,752 | 169,322 | 190,219 | 174,376 | 204,491 | 149,623 | 161,896 | 132,702 | 139,084 | 119,364 | 134,705 | 126,966 | 139,803 | 132,947 | 141,866 | 118,713 | 131,740 | 128,424 | 132,370 |
| Cash ratio | 0.57 | 0.72 | 0.52 | 2.13 | 0.90 | 1.28 | 0.81 | 0.68 | 1.03 | 1.23 | 1.50 | 1.50 | 1.74 | 1.57 | 1.15 | 1.03 | 0.87 | 0.76 | 0.67 | 2.28 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($57,725K
+ $—K)
÷ $100,987K
= 0.57
Golden Entertainment Inc's cash ratio has exhibited fluctuations over the past few years. The company's cash ratio, which measures the firm's ability to cover its short-term liabilities with its cash and cash equivalents, ranged from a high of 2.28 in March 2020 to a low of 0.52 in June 2024.
Overall, the trend shows some volatility in the cash ratio, with periods of increase and decrease. The ratio improved significantly from March 2020 to December 2021, reaching its peak at 1.74 in December 2021. This indicates that Golden Entertainment Inc had a higher level of cash and cash equivalents relative to its current liabilities during this period.
However, there was a subsequent decline in the cash ratio from March 2022 to December 2024, with a noticeable drop in the ratio in the latter half of 2024. This suggests a potential decrease in the company's ability to cover its short-term obligations with its available cash resources during these periods.
Investors and stakeholders should monitor Golden Entertainment Inc's cash position and liquidity closely, especially during periods of declining cash ratio, to ensure the company can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024