Golden Entertainment Inc (GDEN)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 409,442 | 244,573 | 263,938 | 140,731 | 160,429 |
| Total current liabilities | US$ in thousands | 174,376 | 132,702 | 126,966 | 118,713 | 132,764 |
| Current ratio | 2.35 | 1.84 | 2.08 | 1.19 | 1.21 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $409,442K ÷ $174,376K
= 2.35
Golden Entertainment Inc's current ratio has shown fluctuations over the past five years. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, was relatively stable around 1.2 in 2019 and 2020. However, there was a significant improvement in 2021, reaching 2.08, indicating a stronger liquidity position. This improvement was further enhanced in 2023, where the current ratio increased to 2.35, suggesting the company has a higher level of current assets to cover its short-term obligations. It is important to note that a current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally seen as a positive sign for financial health and liquidity. Overall, the current ratio trend for Golden Entertainment Inc has been positive in recent years, reflecting improved liquidity and financial stability.
Peer comparison
Dec 31, 2023