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.
Peer comparison
Dec 31, 2024