Monarch Casino & Resort Inc (MCRI)

Current 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
Total current assets	US$ in thousands	74,966	62,688	61,933	57,017	89,429	81,988	80,263	79,004	84,064	75,776	75,191	69,538	73,156	50,266	56,616	55,928	79,155	45,979	41,079	37,513
Total current liabilities	US$ in thousands	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	79,465	61,626	64,366	60,555
Current ratio		0.61	0.54	0.58	0.50	0.76	0.58	0.61	0.59	0.60	0.56	0.61	0.60	0.67	0.84	0.93	0.89	1.00	0.75	0.64	0.62

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $74,966K ÷ $123,367K
= 0.61

The current ratio of Monarch Casino & Resort, Inc. has fluctuated over the past eight quarters, ranging from 0.50 to 0.76. This ratio measures the company's ability to cover its short-term liabilities with its current assets.

A current ratio below 1 indicates that the company may have difficulties meeting its short-term obligations with its current assets alone. Monarch Casino & Resort's current ratio has generally been below 1, suggesting potential liquidity challenges.

The decreasing trend in the current ratio from Q4 2022 to Q2 2023, followed by a slight improvement in Q3 and Q4 2023, indicates that the company may have experienced challenges in managing its short-term liquidity in recent quarters.

Investors and analysts may want to further investigate the reasons behind these fluctuations, such as changes in the company's current assets and liabilities, to assess the overall financial health and liquidity position of Monarch Casino & Resort, Inc.