Wynn Resorts Limited (WYNN)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	4,241,620	4,029,590	2,875,920	3,813,150	2,856,340
Total current liabilities	US$ in thousands	2,200,450	1,811,420	1,287,880	1,880,890	1,982,880
Current ratio		1.93	2.22	2.23	2.03	1.44

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $4,241,620K ÷ $2,200,450K
= 1.93

The current ratio of Wynn Resorts Ltd. has been fluctuating over the past five years, ranging from 1.44 to 2.23. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates stronger short-term financial health and liquidity.

In 2023, Wynn Resorts Ltd. has a current ratio of 1.93, which reflects a decrease from the previous year. While the ratio is still above 1, suggesting that the company has more current assets than current liabilities, it has slightly weakened compared to the previous year.

It is important for investors and stakeholders to monitor the current ratio trend over time to assess the company's ability to meet its short-term obligations. A consistent or increasing current ratio may indicate financial stability, while a decreasing ratio could raise concerns about liquidity management. Further analysis of the company's current assets and liabilities is recommended to gain a deeper understanding of its financial health.