Wynn Resorts Limited (WYNN)

Current 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
Total current assets	US$ in thousands	2,921,680	4,190,670	3,372,510	3,770,910	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
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
Current ratio		1.90	1.53	1.30	1.43	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

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,921,680K ÷ $1,539,530K
= 1.90

The current ratio of Wynn Resorts Limited has shown fluctuations over the past few years, ranging from a low of 1.27 in June 2021 to a high of 3.23 in June 2023. This ratio reflects the company's ability to meet its short-term obligations with its current assets.

Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities, which suggests a strong liquidity position. Wynn Resorts' current ratio has mostly remained above 2, indicating a comfortable margin of safety in meeting short-term obligations.

The significant increase in the current ratio in March 2023 and June 2023 may indicate improved liquidity and better management of current assets and liabilities during those periods. Conversely, the decrease in the ratio in the following periods, particularly in June 2024, may signal a potential liquidity challenge or changes in the company's working capital management.

It is important for stakeholders to closely monitor the trend of Wynn Resorts' current ratio to assess the company's short-term liquidity position and financial health. A sustained ratio above 2 generally signifies a robust liquidity position, while a declining trend may indicate potential financial risk that requires further investigation.