Golden Entertainment Inc (GDEN)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 103,792 | 409,442 | 244,573 | 263,938 | 140,731 |
| Total current liabilities | US$ in thousands | 100,987 | 174,376 | 132,702 | 126,966 | 118,713 |
| Current ratio | 1.03 | 2.35 | 1.84 | 2.08 | 1.19 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $103,792K ÷ $100,987K
= 1.03
The current ratio of Golden Entertainment Inc has shown variability over the past five years. As of December 31, 2020, the current ratio was at 1.19, indicating limited short-term liquidity. However, there was a notable improvement in liquidity as of December 31, 2021, with the current ratio increasing to 2.08, suggesting a healthier liquidity position.
In the subsequent years, the current ratio remained relatively stable at 1.84 as of December 31, 2022, and strengthened to 2.35 by December 31, 2023, reflecting a further enhancement in liquidity.
However, there was a significant decline in the current ratio to 1.03 as of December 31, 2024, raising concerns about the company's ability to cover its short-term obligations with current assets.
Overall, although there have been fluctuations in the current ratio of Golden Entertainment Inc, it is essential for the company to monitor and manage its liquidity position effectively to ensure sufficient short-term financial strength.
Peer comparison
Dec 31, 2024