Golden Entertainment Inc (GDEN)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 103,792 | 105,492 | 130,114 | 449,767 | 409,442 | 507,635 | 449,983 | 455,666 | 244,573 | 266,014 | 228,127 | 257,673 | 263,938 | 269,188 | 263,695 | 190,006 | 140,731 | 143,693 | 127,244 | 346,535 |
| 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 |
| Current ratio | 1.03 | 1.11 | 0.77 | 2.36 | 2.35 | 2.48 | 3.01 | 2.81 | 1.84 | 1.91 | 1.91 | 1.91 | 2.08 | 1.93 | 1.98 | 1.34 | 1.19 | 1.09 | 0.99 | 2.62 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $103,792K ÷ $100,987K
= 1.03
Golden Entertainment Inc's current ratio has been fluctuating over the past few years. It started at a relatively high level of 2.62 as of March 31, 2020, indicating a strong ability to cover its short-term liabilities with current assets. However, the ratio decreased significantly to 0.99 by June 30, 2020, raising concerns about the company's liquidity position.
Subsequently, the current ratio improved to around 2.00 by mid-2021, showing a better liquidity position. However, the ratio decreased slightly in the following periods but remained above 1, indicating that the company still had sufficient current assets to cover its short-term obligations.
By March 31, 2023, there was a substantial increase in the current ratio to 2.81, suggesting a significant improvement in the company's liquidity position. The ratio continued to be above 2 for the next few quarters, indicating a strong ability to meet short-term obligations.
However, by June 30, 2024, the current ratio dropped to 0.77, which may raise concerns about the company's short-term liquidity. This decrease could be due to various factors such as changes in current assets or liabilities.
Overall, while Golden Entertainment Inc has shown fluctuations in its current ratio over the years, it is essential for the company to maintain a healthy current ratio above 1 to ensure it can meet its short-term financial obligations. Further analysis would be needed to understand the reasons behind the fluctuations and to assess the company's overall financial health.
Peer comparison
Dec 31, 2024