Golden Entertainment Inc (GDEN)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 160,429 | 167,354 | 165,483 | 156,153 |
| 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 |
| Current ratio | 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 | 1.21 | 1.34 | 1.35 | 1.26 |
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 been consistently above 2 in the most recent quarters, indicating a healthy liquidity position. During Q4 2023, the current ratio stood at 2.35, slightly lower than the previous quarter's 2.48. This indicates that the company had $2.35 in current assets for every $1 in current liabilities. The current ratio peaked at 3.01 in Q2 2023, reflecting a significant increase in liquidity compared to the prior quarters.
The company's ability to meet its short-term obligations has improved steadily since Q4 2022 when the current ratio was at 1.84. Maintaining a current ratio above 2 signifies that Golden Entertainment Inc has a strong ability to cover its current liabilities with its current assets, which is generally considered a positive indicator of financial health. Keep in mind that a current ratio that is too high may suggest an inefficient deployment of assets, as excess cash could be invested to generate higher returns.
Peer comparison
Dec 31, 2023