Monarch Casino & Resort Inc (MCRI)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 58,760 | 43,361 | 38,779 | 33,526 | 28,310 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 146,463 | 123,367 | 117,744 | 141,178 | 109,444 |
| Cash ratio | 0.40 | 0.35 | 0.33 | 0.24 | 0.26 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($58,760K
+ $—K)
÷ $146,463K
= 0.40
The cash ratio of Monarch Casino & Resort Inc has shown a fluctuating trend over the years. As of December 31, 2020, the cash ratio stood at 0.26, indicating that for every dollar of current liabilities, the company had $0.26 in cash or cash equivalents.
By December 31, 2021, the cash ratio decreased slightly to 0.24, suggesting a reduction in the company's ability to cover its short-term obligations with its available cash resources.
However, there was an improvement in the cash ratio by December 31, 2022, when it increased to 0.33, signaling a better liquidity position for Monarch Casino & Resort Inc compared to the previous year.
The trend continued in a positive direction as of December 31, 2023, with a cash ratio of 0.35, indicating an increase in the company's ability to meet its short-term financial obligations with cash on hand.
The most recent data as of December 31, 2024, revealed a further improvement in the cash ratio to 0.40. This indicates that Monarch Casino & Resort Inc has been maintaining a healthy level of cash reserves relative to its current liabilities, which is a positive sign for its financial health and liquidity position.
Peer comparison
Dec 31, 2024