Monarch Casino & Resort Inc (MCRI)

Current 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
Total current assets US$ in thousands 90,422 68,334 60,956 66,462 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
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
Current ratio 0.62 0.57 0.45 0.51 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

December 31, 2024 calculation

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

The current ratio of Monarch Casino & Resort Inc has been fluctuating over the past few years. As of December 31, 2024, the current ratio stands at 0.62, indicating that the company's current assets are only 62% of its current liabilities. This suggests that the company may have difficulty meeting its short-term obligations with its current level of assets, which could potentially pose liquidity risks.

It is worth noting that the current ratio has shown some variability throughout the years, reaching a peak of 0.93 on June 30, 2020, and a low of 0.50 on March 31, 2023. The downward trend in the current ratio from 0.93 in June 2020 to 0.62 in December 2024 indicates a potential deterioration in the company's liquidity position over this period.

Overall, a current ratio of 0.62 as of December 31, 2024, suggests that Monarch Casino & Resort Inc may need to carefully manage its current assets and liabilities to ensure it can meet its short-term financial obligations effectively. Monitoring changes in the current ratio over time will be essential to assess the company's liquidity position and financial health.