Live Nation Entertainment Inc (LYV)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 9,577,750 | 10,006,700 | 10,776,900 | 10,097,100 | 8,159,520 | 7,927,390 | 8,550,780 | 8,110,440 | 6,684,090 | 6,555,290 | 5,423,250 | 4,096,100 | 3,649,770 | 3,859,860 | 4,433,190 | 4,851,020 | 4,192,900 | 3,849,720 | 4,284,890 | 4,424,870 |
| 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 |
| Current ratio | 0.96 | 1.14 | 1.08 | 1.08 | 0.98 | 1.04 | 0.99 | 0.98 | 0.97 | 1.18 | 1.05 | 1.07 | 0.96 | 1.08 | 1.27 | 1.03 | 1.02 | 0.97 | 0.93 | 0.94 |
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 shown some fluctuations over the past 8 quarters. In Q4 2023, the current ratio was 0.96, indicating that the company may have had difficulties meeting its short-term obligations with its current assets alone. However, in Q3 2023, the current ratio improved to 1.14, suggesting that the company had a stronger ability to cover its short-term liabilities.
Overall, the current ratio has been relatively close to 1 over the past two years, with some quarters showing improvements and others showing declines. While a current ratio of 1 generally indicates that a company can meet its short-term obligations with its current assets, variations in the ratio over time may indicate fluctuations in the company's liquidity position. It would be important to further investigate the reasons behind these fluctuations to assess the company's overall financial health.
Peer comparison
Dec 31, 2023