Golden Entertainment Inc (GDEN)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 111,678 | 123,829 | 116,689 | 108,259 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 132,764 | 125,289 | 122,778 | 124,032 |
| Cash ratio | 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 | 0.84 | 0.99 | 0.95 | 0.87 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($157,550K
+ $—K)
÷ $174,376K
= 0.90
The cash ratio of Golden Entertainment Inc has shown some fluctuations over the past eight quarters. The cash ratio measures a company's ability to cover its current liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
In the most recent quarter, Q4 2023, the cash ratio decreased to 1.03 from 1.37 in Q3 2023. This decline may signal a slight decrease in the company's liquidity position compared to the previous quarter.
Looking further back, the cash ratio has been volatile, ranging from a low of 0.86 in Q1 2023 to a high of 1.70 in Q2 2022. The company's liquidity position seems to have peaked in Q2 2022 and has since experienced some fluctuations.
Overall, Golden Entertainment Inc's cash ratio has shown variability, indicating potential shifts in its liquidity position over the quarters. It is essential for the company to maintain a balance between its cash reserves and current liabilities to ensure its ability to meet short-term obligations efficiently.
Peer comparison
Dec 31, 2023