Wynn Resorts Limited (WYNN)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash	US$ in thousands	2,879,190	3,650,440	2,522,530	3,482,030	2,351,900
Short-term investments	US$ in thousands	295,200	—	—	—	—
Receivables	US$ in thousands	341,712	216,033	199,463	200,158	346,429
Total current liabilities	US$ in thousands	2,200,450	1,811,420	1,287,880	1,880,890	1,982,880
Quick ratio		1.60	2.13	2.11	1.96	1.36

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,879,190K + $295,200K + $341,712K) ÷ $2,200,450K
= 1.60

The quick ratio of Wynn Resorts Ltd. has shown fluctuations over the past five years, ranging from 1.40 in 2019 to 2.18 in 2022. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets.

A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its current liabilities. Wynn Resorts Ltd. has consistently maintained quick ratios above 1, reflecting a strong liquidity position in recent years.

The decreasing trend from 2.18 in 2022 to 1.89 in 2023 may raise some concerns about a potential decrease in liquidity. However, a quick ratio of 1.89 still indicates that the company is in a solid position to meet its short-term obligations.

Overall, Wynn Resorts Ltd.'s quick ratio analysis suggests that the company has maintained a healthy liquidity position over the years, although there may be a need to monitor any further fluctuations in the ratio to ensure continued financial stability.