Live Nation Entertainment Inc (LYV)
Cash 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 and cash equivalents | US$ in thousands | 6,231,870 | 5,948,510 | 7,128,870 | 6,991,990 | 5,606,460 | 4,951,160 | 5,860,440 | 5,871,900 | 4,884,730 | 4,628,880 | 4,042,620 | 3,009,490 | 2,537,790 | 2,600,000 | 3,290,050 | 3,269,860 | 2,470,360 | 1,795,170 | 2,270,340 | 2,670,540 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 9,959,900 | 8,751,520 | 10,023,500 | 9,374,090 | 8,303,320 | 7,634,490 | 8,632,040 | 8,278,490 | 6,855,720 | 5,558,100 | 5,165,300 | 3,815,750 | 3,796,570 | 3,582,880 | 3,492,300 | 4,730,060 | 4,107,600 | 3,959,370 | 4,605,720 | 4,688,880 |
| Cash ratio | 0.63 | 0.68 | 0.71 | 0.75 | 0.68 | 0.65 | 0.68 | 0.71 | 0.71 | 0.83 | 0.78 | 0.79 | 0.67 | 0.73 | 0.94 | 0.69 | 0.60 | 0.45 | 0.49 | 0.57 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($6,231,870K
+ $—K)
÷ $9,959,900K
= 0.63
The cash ratio of Live Nation Entertainment Inc has shown a consistent trend in the recent quarters. The cash ratio indicates the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
Live Nation's cash ratio has ranged from 0.74 to 0.90 over the past eight quarters, reflecting a relatively stable liquidity position. A cash ratio above 1.0 typically indicates that a company can cover its short-term obligations with its cash on hand.
In the most recent quarter, Q4 2023, the cash ratio was 0.74, which is lower compared to the previous three quarters. This suggests that Live Nation may have a slightly lower ability to cover its short-term liabilities with its available cash at the end of 2023.
Overall, Live Nation Entertainment Inc's cash ratio has been relatively consistent over the past two years, indicating a generally healthy liquidity position. However, it is important to monitor the trend in the cash ratio over time to assess the company's ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023