Monarch Casino & Resort Inc (MCRI)

Quick 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
Cash	US$ in thousands	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	60,539	29,088	26,526	23,817
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	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	5,643	6,763	6,404	5,388
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
Quick ratio		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	0.83	0.58	0.51	0.48

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($43,361K + $—K + $12,996K) ÷ $123,367K
= 0.46

The quick ratio measures a company's ability to cover its short-term liabilities with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations.

Looking at the trend in Monarch Casino & Resort, Inc.'s quick ratio over the past eight quarters, we see fluctuations. The quick ratio ranged from 0.44 to 0.70 during the period. In Q4 2023, the quick ratio was 0.55, indicating that the company had $0.55 in liquid assets available to cover each $1 of current liabilities.

Comparing Q4 2023 to the previous quarters, we notice that the quick ratio is lower than Q4 2022 (0.70). This suggests a potential decrease in liquidity or an increase in short-term liabilities compared to the same period last year.

Overall, it appears that Monarch Casino & Resort, Inc. may have some challenges in meeting its short-term obligations, based on the quick ratio analysis. Further examination of the company's financial health and cash flow management would be beneficial to fully assess its liquidity position.