Wynn Resorts Limited (WYNN)

Cash ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents US$ in thousands 2,426,160 2,879,190 3,650,440 2,522,530 3,482,030
Short-term investments US$ in thousands — 295,200 6,700 — —
Total current liabilities US$ in thousands 1,539,530 2,200,450 1,811,420 1,287,880 1,880,890
Cash ratio 1.58 1.44 2.02 1.96 1.85

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,426,160K + $—K) ÷ $1,539,530K
= 1.58

The cash ratio of Wynn Resorts Limited has shown a generally positive trend from 2020 to 2022, increasing from 1.85 to 2.02, indicating the company's ability to cover its short-term liabilities with its cash and cash equivalents has improved over this period. However, there was a slight decrease in the cash ratio to 1.44 in 2023, which may suggest a relative decrease in the company's liquidity position. In 2024, the cash ratio increased again to 1.58, although it remains below the peak level observed in 2022. Overall, fluctuations in the cash ratio reflect changes in the company's cash and short-term liquidity position, which is important for assessing its ability to meet immediate obligations.