Live Nation Entertainment Inc (LYV)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 6,231,870 | 5,606,460 | 4,884,730 | 2,537,790 | 2,470,360 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 2,112,900 | 1,499,610 | 1,085,780 | 501,290 | 1,029,450 |
| Total current liabilities | US$ in thousands | 9,959,900 | 8,303,320 | 6,855,720 | 3,796,570 | 4,107,600 |
| Quick ratio | 0.84 | 0.86 | 0.87 | 0.80 | 0.85 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($6,231,870K
+ $—K
+ $2,112,900K)
÷ $9,959,900K
= 0.84
The quick ratio of Live Nation Entertainment Inc has been relatively stable over the past five years, ranging from 0.95 to 1.02. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities, while a ratio below 1 suggests potential liquidity concerns.
Live Nation's quick ratio has remained close to 1, indicating that the company has maintained a healthy level of liquidity to cover its short-term obligations. The slight fluctuations in the ratio suggest that the company has been able to manage its liquidity effectively over the years.
Overall, Live Nation's quick ratio demonstrates a consistent ability to meet its short-term financial obligations with its readily available assets. Investors and stakeholders can view this as a positive indicator of the company's liquidity position.
Peer comparison
Dec 31, 2023