Light & Wonder Inc (LNW)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,311,000 | 1,694,000 | 1,732,000 | 2,181,000 | 1,615,000 |
| Total current liabilities | US$ in thousands | 696,000 | 622,000 | 974,000 | 832,000 | 766,000 |
| Current ratio | 1.88 | 2.72 | 1.78 | 2.62 | 2.11 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,311,000K ÷ $696,000K
= 1.88
The current ratio of Light & Wonder Inc has fluctuated over the past five years, ranging from 1.78 to 2.72. As of December 31, 2023, the current ratio stands at 1.88. This indicates that the company had $1.88 in current assets for every $1 of current liabilities. While the current ratio has decreased compared to the previous year, it remains above 1, suggesting that the company has sufficient current assets to cover its short-term obligations. However, a declining current ratio may also signify potential liquidity challenges or inefficient asset management. It is important for Light & Wonder Inc to monitor and manage its current assets and liabilities effectively to maintain a healthy liquidity position.
Peer comparison
Dec 31, 2023