Live Nation Entertainment Inc (LYV)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 9,290,140 | 9,577,750 | 8,159,520 | 6,684,090 | 3,649,770 |
| Total current liabilities | US$ in thousands | 9,358,280 | 9,959,900 | 8,303,320 | 6,855,720 | 3,796,570 |
| Current ratio | 0.99 | 0.96 | 0.98 | 0.97 | 0.96 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $9,290,140K ÷ $9,358,280K
= 0.99
The current ratio of Live Nation Entertainment Inc has shown a slight upward trend over the past five years, increasing from 0.96 in December 2020 to 0.99 in December 2024. This indicates that the company has been able to slightly improve its ability to meet its short-term obligations using its current assets. However, the current ratio remains below the ideal benchmark of 1.0, suggesting that the company may still face challenges in paying off its current liabilities with its current assets alone. Live Nation Entertainment Inc should continue to monitor and improve its current ratio to ensure its liquidity and financial stability in the future.
Peer comparison
Dec 31, 2024