Wynn Resorts Limited (WYNN)
Cash 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 and cash equivalents | US$ in thousands | 2,426,160 | 2,407,290 | 2,379,420 | 2,420,200 | 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 |
| Short-term investments | US$ in thousands | — | 1,205,930 | 500,000 | 298,700 | 295,200 | 291,700 | 288,200 | — | 6,700 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,539,530 | 2,743,300 | 2,601,030 | 2,633,120 | 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 |
| Cash ratio | 1.58 | 1.32 | 1.11 | 1.03 | 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 |
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 exhibited fluctuations over the periods indicated in the data. The cash ratio represents the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio suggests a better ability to meet short-term obligations without relying on external sources of financing.
Analyzing the data provided:
- The cash ratio fluctuated between 1.03 and 2.93 during the period from March 31, 2020, to December 31, 2024.
- The ratio peaked at 2.93 on June 30, 2023, indicating a significant increase in the firm's cash position relative to its short-term liabilities.
- On the other hand, the lowest cash ratio of 1.03 was recorded on March 31, 2024, suggesting a lower level of cash relative to short-term obligations.
Overall, the trend of the cash ratio indicates variability in Wynn Resorts Limited's ability to cover short-term liabilities with cash and cash equivalents. It is essential for investors and stakeholders to monitor these fluctuations to assess the company's liquidity position and financial health.
Peer comparison
Dec 31, 2024