Live Nation Entertainment Inc (LYV)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 6,095,420 | 5,489,920 | 6,398,720 | 6,501,710 | 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 | 2,625,080 | 3,290,050 | 3,269,860 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 9,358,280 | 9,680,580 | 11,627,100 | 11,328,400 | 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 |
| Cash ratio | 0.65 | 0.57 | 0.55 | 0.57 | 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 |
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 reported periods, ranging from 0.55 to 0.94. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher ratio indicates a better ability to cover short-term obligations.
From the data provided, the company's cash ratio has generally been above 0.5, indicating that Live Nation Entertainment Inc has sufficient cash on hand to cover its short-term debts. However, there have been some fluctuations in the ratio, which could be due to changes in the company's cash position or short-term liabilities.
Overall, a cash ratio above 1 is considered healthy, as it indicates that the company has enough liquid assets to cover its short-term liabilities. Live Nation Entertainment Inc's cash ratio staying above 0.5 suggests that the company has maintained a decent level of liquidity over the reported periods.
Peer comparison
Dec 31, 2024