Live Nation Entertainment Inc (LYV)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 2,600,000 | 3,290,050 | 3,269,860 | 2,470,360 | 1,795,170 | 2,270,340 | 2,670,540 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 2,112,900 | 2,503,140 | 1,889,650 | 1,657,210 | 1,499,610 | 1,989,510 | 1,456,200 | 1,210,010 | 1,085,780 | 1,182,240 | 646,705 | 467,792 | 501,290 | 564,873 | 618,580 | 759,432 | 1,029,450 | 1,215,460 | 1,096,750 | 920,035 |
| 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 |
| Quick ratio | 0.84 | 0.97 | 0.90 | 0.92 | 0.86 | 0.91 | 0.85 | 0.86 | 0.87 | 1.05 | 0.91 | 0.91 | 0.80 | 0.88 | 1.12 | 0.85 | 0.85 | 0.76 | 0.73 | 0.77 |
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 shown fluctuations over the past eight quarters, ranging from 0.96 to 1.14. The quick ratio measures a 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.
In the most recent quarter, Q4 2023, the quick ratio stands at 0.96, which is slightly below 1, indicating a potential liquidity challenge in meeting short-term obligations with readily available assets. However, it is important to consider historical trends and industry benchmarks when interpreting this ratio.
Q3 2023 saw an improvement in the quick ratio to 1.14, signaling stronger liquidity position. The company maintained relatively stable quick ratios in the range of 1.04 to 1.08 in the preceding quarters of 2023.
Comparing with the same quarter of the previous year, there has been a slight decrease in the quick ratio in Q4 2023 compared to Q4 2022 when it was 0.98. Overall, Live Nation Entertainment Inc's quick ratio fluctuated within a reasonable range in recent quarters, indicating varying liquidity positions but generally sufficient ability to meet short-term obligations with liquid assets.
Peer comparison
Dec 31, 2023