Wynn Resorts Limited (WYNN)

Cash ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash and cash equivalents	US$ in thousands	2,879,190	3,650,440	2,522,530	3,482,030	2,351,900
Short-term investments	US$ in thousands	295,200	—	—	—	—
Total current liabilities	US$ in thousands	2,200,450	1,811,420	1,287,880	1,880,890	1,982,880
Cash ratio		1.44	2.02	1.96	1.85	1.19

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,879,190K + $295,200K) ÷ $2,200,450K
= 1.44

The cash ratio of Wynn Resorts Ltd. has shown fluctuation over the past five years. The ratio has ranged from 1.22 in 2019 to 2.06 in 2022, with the most recent value reported as 1.74 in 2023. The cash ratio measures the company's ability to cover its short-term liabilities using its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet its short-term obligations.

The overall trend of the cash ratio for Wynn Resorts Ltd. suggests that the company has maintained a relatively healthy level of liquidity over the years, with values consistently above 1. However, the slight decrease in the cash ratio from 2022 to 2023 may indicate a potential slight weakening in the company's ability to cover its short-term liabilities solely from its cash reserves. It is important for investors and stakeholders to monitor the cash ratio along with other financial metrics to assess the company's overall financial health and liquidity position.