Live Nation Entertainment Inc (LYV)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 6,095,420 | 5,489,920 | 6,398,720 | 6,501,710 | 6,231,870 | 5,948,510 | 7,128,870 | 6,991,990 | 5,606,460 | 4,951,160 | 5,860,440 | 5,871,900 | 4,884,730 | 4,628,880 | 4,042,620 | 3,009,490 | 2,537,790 | 2,625,080 | 3,290,050 | 3,269,860 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.65 | 0.57 | 0.55 | 0.57 | 0.63 | 0.68 | 0.71 | 0.75 | 0.68 | 0.65 | 0.68 | 0.71 | 0.71 | 0.83 | 0.78 | 0.79 | 0.67 | 0.73 | 0.94 | 0.69 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($6,095,420K
+ $—K
+ $—K)
÷ $9,358,280K
= 0.65
The quick ratio of Live Nation Entertainment Inc has shown fluctuations over the past few years, ranging from 0.55 to 0.94. The quick ratio measures the company's ability to cover its short-term liabilities with its most liquid assets, excluding inventory. A quick ratio below 1 indicates potential liquidity concerns, as the company may not have enough liquid assets to meet its short-term obligations.
During the period under review, the company's quick ratio has generally been below 1, signaling a potential risk in meeting its short-term financial obligations without depending on inventory. The ratio peaked at 0.94 in June 2020, showing a stronger ability to cover short-term liabilities, but it dropped to as low as 0.55 in June 2024, suggesting a decreased liquidity position.
The downward trend in the quick ratio of Live Nation Entertainment Inc from 2020 to 2024 indicates a potential deterioration in the company's ability to meet short-term obligations with its readily available assets. It is advisable for stakeholders to monitor this ratio closely and assess the company's liquidity position in relation to its short-term liabilities.
Peer comparison
Dec 31, 2024