Light & Wonder Inc (LNW)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 196,000 | 425,000 | 914,000 | 585,000 | 928,000 |
| Short-term investments | US$ in thousands | — | — | — | — | 88,000 |
| Receivables | US$ in thousands | 585,000 | 506,000 | 455,000 | 423,000 | 616,000 |
| Total current liabilities | US$ in thousands | 735,000 | 696,000 | 622,000 | 974,000 | 832,000 |
| Quick ratio | 1.06 | 1.34 | 2.20 | 1.03 | 1.96 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($196,000K
+ $—K
+ $585,000K)
÷ $735,000K
= 1.06
Based on the provided data, the quick ratio of Light & Wonder Inc has shown fluctuations over the five-year period from 2020 to 2024.
- In December 2020, the quick ratio was 1.96, indicating that the company had $1.96 in liquid assets available to cover each $1 of current liabilities.
- By December 2021, the quick ratio had decreased to 1.03, suggesting a decrease in the company's ability to meet its short-term obligations using its most liquid assets.
- However, by December 2022, the quick ratio improved to 2.20, indicating a significant increase in the company's ability to meet its short-term obligations with readily available assets.
- In December 2023, there was a slight decrease in the quick ratio to 1.34, but it still remained above 1, indicating a reasonable liquidity position.
- The quick ratio decreased further to 1.06 by December 2024, which may raise some concerns about the company's short-term liquidity position.
Overall, the quick ratio of Light & Wonder Inc has shown variability over the years, with some fluctuations that may require further investigation to understand the underlying reasons for these changes in liquidity position.
Peer comparison
Dec 31, 2024