Golden Entertainment Inc (GDEN)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 157,550 | 136,889 | 220,540 | 103,558 | 111,678 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 16,951 | 20,495 | 18,720 | 13,708 | 16,247 |
| Total current liabilities | US$ in thousands | 174,376 | 132,702 | 126,966 | 118,713 | 132,764 |
| Quick ratio | 1.00 | 1.19 | 1.88 | 0.99 | 0.96 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($157,550K
+ $—K
+ $16,951K)
÷ $174,376K
= 1.00
The quick ratio of Golden Entertainment Inc has fluctuated over the past five years, ranging from a low of 1.13 in 2023 to a high of 2.03 in 2021. A quick ratio above 1 indicates that the company has an excess of highly liquid assets to cover its current liabilities, providing a measure of short-term liquidity. A decreasing trend in the quick ratio may signify a potential liquidity issue, while an increasing trend could indicate improving liquidity and better ability to meet short-term obligations. It is important to further investigate the reasons behind the fluctuations in the quick ratio to assess the company's overall financial health and liquidity position.
Peer comparison
Dec 31, 2023