Golden Entertainment Inc (GDEN)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 57,725 | 157,550 | 136,889 | 220,540 | 103,558 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 100,987 | 174,376 | 132,702 | 126,966 | 118,713 |
| Quick ratio | 0.57 | 0.90 | 1.03 | 1.74 | 0.87 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($57,725K
+ $—K
+ $—K)
÷ $100,987K
= 0.57
The quick ratio of Golden Entertainment Inc has fluctuated over the past five years. Starting from 0.87 on December 31, 2020, the ratio improved significantly to 1.74 on December 31, 2021, indicating a better ability to meet short-term obligations with its liquid assets. However, there was a slight decline to 1.03 on December 31, 2022, followed by a further decrease to 0.90 on December 31, 2023. The ratio dropped significantly to 0.57 on December 31, 2024, suggesting a potential challenge in meeting short-term liabilities from its current assets. It is important for Golden Entertainment Inc to closely monitor its liquidity position and take appropriate measures to ensure it can cover its short-term obligations effectively.
Peer comparison
Dec 31, 2024