Monarch Casino & Resort Inc (MCRI)

Quick 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
Cash US$ in thousands 58,760 39,380 33,508 39,484 43,361 33,918 35,100 34,430 38,779 33,139 30,580 33,149 33,526 33,036 28,296 24,143 28,310 30,526 38,320 39,358
Short-term investments US$ in thousands — — — — — — — — — — — — — — — — — — — —
Receivables US$ in thousands 11,780 11,941 11,441 10,265 12,996 13,658 12,659 8,004 34,555 34,566 35,697 31,887 35,827 29,951 33,735 31,105 28,630 5,283 6,979 4,288
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
Quick ratio 0.48 0.43 0.33 0.38 0.46 0.41 0.45 0.37 0.62 0.48 0.51 0.48 0.49 0.47 0.50 0.48 0.52 0.60 0.74 0.70

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 exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.

The trend analysis reveals that the quick ratio initially decreased from 0.70 on March 31, 2020, to 0.48 on March 31, 2021. It then showed some recovery, reaching 0.51 on June 30, 2022, before declining again to 0.33 on June 30, 2024.

Overall, the quick ratio has generally been below 1, indicating that Monarch Casino & Resort Inc may have had difficulty meeting its short-term liabilities with its most liquid assets. A quick ratio below 1 may suggest potential liquidity concerns as the company may face challenges in fulfilling its short-term obligations without relying on external sources of funding.

It is important for investors and stakeholders to closely monitor the trend of the quick ratio to assess the company's short-term liquidity position and financial health. Additionally, management should focus on improving the quick ratio by either increasing liquid assets or decreasing current liabilities to ensure the company's ability to cover its short-term obligations.