Wynn Resorts Limited (WYNN)

Cash 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 and cash equivalents	US$ in thousands	2,879,190	2,788,110	3,653,970	3,843,530	3,650,440	1,943,500	2,014,900	2,317,350	2,522,530	2,475,760	2,802,720	2,890,410	3,482,030	3,550,000	3,797,740	2,880,970	2,351,900	1,676,110	1,501,890	1,822,890
Short-term investments	US$ in thousands	295,200	291,700	288,200	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	2,200,450	1,514,030	1,346,050	1,370,920	1,811,420	1,635,040	1,617,270	1,154,250	1,287,880	1,286,590	2,538,300	1,369,880	1,880,890	1,688,700	1,869,850	1,884,840	1,982,880	1,930,380	1,975,350	1,877,930
Cash ratio		1.44	2.03	2.93	2.80	2.02	1.19	1.25	2.01	1.96	1.92	1.10	2.11	1.85	2.10	2.03	1.53	1.19	0.87	0.76	0.97

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 fluctuations over the past eight quarters. The ratio was highest in Q2 2023 at 3.01, indicating that the company had $3.01 in cash and cash equivalents for every dollar of current liabilities. This suggests a strong ability to cover short-term obligations with readily available cash.

In contrast, the cash ratio was lowest in Q3 2022 at 1.25, signaling a lower level of liquidity compared to other quarters. However, the ratio has generally trended upwards since then, reaching 2.45 in Q3 2023 and 2.88 in Q1 2023. This improvement reflects an enhanced liquidity position and the ability to meet short-term financial obligations.

Overall, the fluctuating cash ratio of Wynn Resorts Ltd. indicates varying levels of liquidity throughout the quarters under review, with an overall positive trend in the recent quarters.