Live Nation Entertainment Inc (LYV)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 9,290,140 | 9,775,150 | 10,684,100 | 10,427,800 | 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 |
| 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 |
| Current ratio | 0.99 | 1.01 | 0.92 | 0.92 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $9,290,140K ÷ $9,358,280K
= 0.99
Live Nation Entertainment Inc's current ratio has fluctuated over the past five years, ranging from a low of 0.92 to a high of 1.27. The current ratio measures the company's ability to cover its short-term obligations with its current assets.
While the current ratio was below 1 at the end of December 2020 and 2021, indicating potential liquidity issues as current liabilities exceeded current assets, it improved in subsequent quarters. However, there were further declines in the current ratio towards the end of 2023 and in the first half of 2024, indicating potential challenges in meeting short-term obligations.
Overall, Live Nation Entertainment Inc should continue to monitor and manage its current assets and liabilities to ensure a healthy current ratio that provides a cushion for short-term financial obligations.
Peer comparison
Dec 31, 2024