Light & Wonder Inc (LNW)

Quick ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash	US$ in thousands	425,000	891,000	909,000	931,000	914,000	1,277,000	928,000	496,000	585,000	782,000	932,000	967,000	928,000	1,045,000	790,000	334,000	313,000	363,000	369,000	1,213,000
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	88,000	—	—	—	—	—	—	—
Receivables	US$ in thousands	506,000	477,000	499,000	458,000	455,000	426,000	415,000	431,000	423,000	415,000	636,000	621,000	616,000	662,000	612,000	624,000	755,000	759,000	736,000	725,000
Total current liabilities	US$ in thousands	696,000	619,000	577,000	642,000	622,000	802,000	1,254,000	927,000	974,000	844,000	780,000	868,000	832,000	847,000	1,085,000	735,000	766,000	1,045,000	733,000	1,786,000
Quick ratio		1.34	2.21	2.44	2.16	2.20	2.12	1.07	1.00	1.03	1.42	2.01	1.83	1.96	2.02	1.29	1.30	1.39	1.07	1.51	1.09

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($425,000K + $—K + $506,000K) ÷ $696,000K
= 1.34

The quick ratio of Light & Wonder Inc has shown some fluctuation over the past eight quarters. The ratio ranged from a low of 1.12 in Q1 2022 to a high of 2.61 in Q2 2023. Generally, the quick ratio has been above 1.5 in the recent quarters, indicating that the company has an adequate ability to meet its short-term obligations using its most liquid assets. However, the sharp increase from 1.17 in Q2 2022 to 2.61 in Q2 2023 is noteworthy and suggests a significant improvement in the company's short-term liquidity position. Overall, the quick ratio trend of Light & Wonder Inc shows a favorable liquidity position and is indicative of its ability to cover its short-term liabilities with its quick assets.