Golden Entertainment Inc (GDEN)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 57,725 | 68,551 | 88,638 | 404,338 | 157,550 | 261,161 | 120,823 | 110,474 | 136,889 | 170,486 | 179,163 | 202,283 | 220,540 | 219,284 | 152,522 | 145,442 | 103,558 | 100,432 | 86,159 | 301,768 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.57 | 0.72 | 0.52 | 2.13 | 0.90 | 1.28 | 0.81 | 0.68 | 1.03 | 1.23 | 1.50 | 1.50 | 1.74 | 1.57 | 1.15 | 1.03 | 0.87 | 0.76 | 0.67 | 2.28 |
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 shown fluctuations over the periods analyzed. Starting at 2.28 on March 31, 2020, the ratio decreased significantly to 0.67 on June 30, 2020, suggesting a potential liquidity issue. However, the ratio improved gradually, reaching 1.74 on December 31, 2021. This indicates the company's ability to cover its short-term obligations with its most liquid assets.
Subsequently, the quick ratio decreased to 0.68 on March 31, 2023, reflecting a potential liquidity constraint. The ratio improved over the following periods, reaching its highest point of 2.13 on March 31, 2024, indicating a significant increase in liquidity.
Overall, Golden Entertainment Inc's quick ratio has shown variability, but generally remained above 1.0 in most periods, indicating the company's ability to meet its short-term obligations using its quick assets. However, management should continue to monitor and manage liquidity effectively to ensure stability in the company's financial position.
Peer comparison
Dec 31, 2024