Live Nation Entertainment Inc (LYV)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 6,095,420 | 6,231,870 | 5,606,460 | 4,884,730 | 2,537,790 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 9,358,280 | 9,959,900 | 8,303,320 | 6,855,720 | 3,796,570 |
| Cash ratio | 0.65 | 0.63 | 0.68 | 0.71 | 0.67 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($6,095,420K
+ $—K)
÷ $9,358,280K
= 0.65
The cash ratio of Live Nation Entertainment Inc has shown some fluctuations over the past five years. As of December 31, 2020, the cash ratio was 0.67, indicating that for every dollar of current liabilities, the company had $0.67 in cash or cash equivalents.
By December 31, 2021, the cash ratio improved slightly to 0.71, suggesting a stronger ability to cover short-term obligations with cash on hand. However, by the end of December 31, 2022, the ratio decreased to 0.68 before witnessing a further decline to 0.63 by the end of December 31, 2023.
In the most recent period ending December 31, 2024, the cash ratio increased slightly to 0.65, but it remains lower than the ratio in 2021. Overall, the fluctuations in Live Nation Entertainment Inc's cash ratio indicate varying levels of liquidity and ability to meet short-term obligations with cash reserves over the years.
Peer comparison
Dec 31, 2024