Wynn Resorts Limited (WYNN)

Current 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
Total current assets	US$ in thousands	4,241,620	4,031,180	4,351,760	4,253,280	4,029,590	2,323,410	2,371,210	2,665,610	2,875,920	2,855,890	3,215,090	3,249,770	3,813,150	3,869,480	4,236,380	3,415,360	2,856,340	2,111,250	1,967,320	2,241,830
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
Current ratio		1.93	2.66	3.23	3.10	2.22	1.42	1.47	2.31	2.23	2.22	1.27	2.37	2.03	2.29	2.27	1.81	1.44	1.09	1.00	1.19

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 shown fluctuations over the past eight quarters, ranging from a low of 1.42 in Q3 2022 to a high of 3.23 in Q2 2023. Overall, the company's current ratio has generally been above 1, indicating its ability to meet short-term obligations with current assets. In particular, a current ratio above 2 is typically considered healthy, as it suggests a strong liquidity position.

The spike in the current ratio to 3.23 in Q2 2023 may indicate that the company had a significant increase in its current assets relative to its current liabilities during that quarter. This could be attributed to factors such as increased cash reserves, higher accounts receivable, or a decrease in short-term debt.

On the other hand, the lower current ratios in Q3 2022 and Q4 2022 may suggest a tighter liquidity position during those periods. It's important to delve deeper into the financial statements to understand the specific drivers behind the changes in the current ratio over time.

Overall, while the current ratio provides insight into the company's short-term liquidity position, it is important to consider additional financial metrics and qualitative factors to gain a comprehensive understanding of Wynn Resorts Ltd.'s financial health.