Monarch Casino & Resort Inc (MCRI)

Cash 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 and cash equivalents US$ in thousands 58,760 39,380 33,508 39,484 43,361 33,918 35,100 34,430 38,779 33,139 30,580 33,149 33,526 33,036 28,296 24,143 28,310 30,526 38,320 39,358
Short-term investments US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total current liabilities US$ in thousands 146,463 120,099 136,067 130,168 123,367 116,551 106,499 113,325 117,744 140,555 130,698 134,414 141,178 135,402 123,902 115,530 109,444 59,563 61,007 62,727
Cash ratio 0.40 0.33 0.25 0.30 0.35 0.29 0.33 0.30 0.33 0.24 0.23 0.25 0.24 0.24 0.23 0.21 0.26 0.51 0.63 0.63

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 fluctuated over the past few years, ranging from 0.21 to 0.63. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position, as the company has more cash on hand relative to its short-term obligations.

In the recent quarters, the cash ratio has shown some variability, with values of 0.30 in March 31, 2024, and 0.25 in June 30, 2024. The ratio increased to 0.40 by December 31, 2024, signaling an improvement in the company's liquidity position. This increase could be attributed to factors such as effective cash management or increased cash reserves.

Overall, monitoring the cash ratio is crucial for assessing Monarch Casino & Resort Inc's ability to meet its short-term financial obligations. Investors and stakeholders can use this ratio to evaluate the company's liquidity risk and financial health.