Live Nation Entertainment Inc (LYV)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 9,577,750 | 8,159,520 | 6,684,090 | 3,649,770 | 4,192,900 |
| Total current liabilities | US$ in thousands | 9,959,900 | 8,303,320 | 6,855,720 | 3,796,570 | 4,107,600 |
| Current ratio | 0.96 | 0.98 | 0.97 | 0.96 | 1.02 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $9,577,750K ÷ $9,959,900K
= 0.96
The current ratio of Live Nation Entertainment Inc has remained relatively stable over the past five years, ranging between 0.96 and 1.02. This ratio indicates the company's ability to meet its short-term obligations with its current assets. A current ratio below 1 suggests that the company may have difficulty covering its short-term liabilities with its current assets alone.
In the case of Live Nation Entertainment Inc, the current ratio has generally been slightly below 1, indicating that the company may have a limited ability to pay off its short-term debts using its current assets. While a ratio slightly below 1 may not necessarily indicate financial distress, it does suggest that the company should carefully manage its current assets and liabilities to ensure it can meet its short-term obligations as they come due.
It would be prudent for Live Nation Entertainment Inc to monitor its current ratio closely and consider strategies to improve it over time, such as increasing current assets or reducing short-term liabilities, to enhance its overall financial health and liquidity.
Peer comparison
Dec 31, 2023