Monarch Casino & Resort Inc (MCRI)

Current ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Total current assets US$ in thousands 90,422 74,966 89,429 84,064 73,156
Total current liabilities US$ in thousands 146,463 123,367 117,744 141,178 109,444
Current ratio 0.62 0.61 0.76 0.60 0.67

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $90,422K ÷ $146,463K
= 0.62

The current ratio for Monarch Casino & Resort Inc has shown some fluctuations over the past five years. As of December 31, 2020, the current ratio was 0.67, indicating that the company may have had difficulties meeting its short-term obligations with its current assets at that time. However, in the following year, the current ratio decreased to 0.60, suggesting a further deterioration in the company's ability to cover its current liabilities.

On a positive note, by December 31, 2022, the current ratio improved to 0.76, signaling that the company's liquidity position had strengthened, indicating a better ability to pay off its short-term debts with its current assets. However, this improvement was short-lived as by December 31, 2023, the current ratio fell back to 0.61, indicating a potential strain on the company's short-term liquidity position.

As of the most recent data available on December 31, 2024, the current ratio stands at 0.62, which is slightly lower than the previous year. Overall, the trend in the current ratio for Monarch Casino & Resort Inc shows some variability, with periods of improvements followed by declines. The company may need to closely monitor and manage its liquidity position to ensure it can meet its short-term financial obligations effectively.