Monarch Casino & Resort Inc (MCRI)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 58,760 | 43,361 | 38,779 | 33,526 | 28,310 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 11,780 | 12,996 | 34,555 | 35,827 | 28,630 |
| Total current liabilities | US$ in thousands | 146,463 | 123,367 | 117,744 | 141,178 | 109,444 |
| Quick ratio | 0.48 | 0.46 | 0.62 | 0.49 | 0.52 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($58,760K
+ $—K
+ $11,780K)
÷ $146,463K
= 0.48
The quick ratio of Monarch Casino & Resort Inc has shown some fluctuations over the years. As of December 31, 2020, the quick ratio was 0.52, indicating that the company had $0.52 of liquid assets available to cover each $1 of current liabilities.
By December 31, 2021, the quick ratio decreased to 0.49, suggesting a slight decrease in the company's ability to meet its short-term obligations with its quick assets.
However, by December 31, 2022, the quick ratio improved to 0.62, indicating a better liquidity position. The company had $0.62 of quick assets for every $1 of current liabilities, showing an improvement in the company's ability to cover its short-term obligations.
Unfortunately, by December 31, 2023, the quick ratio dropped to 0.46, signaling a decline in liquidity as the company might have had fewer liquid assets available to cover its current liabilities.
As of December 31, 2024, the quick ratio remained relatively stable at 0.48, which is lower than the ideal ratio of 1.0. This may suggest that Monarch Casino & Resort Inc could potentially face challenges in meeting its short-term financial obligations in the future.
Peer comparison
Dec 31, 2024