Wynn Resorts Limited (WYNN)

Quick ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash	US$ in thousands	2,426,160	2,879,190	3,650,440	2,522,530	3,482,030
Short-term investments	US$ in thousands	—	295,200	6,700	—	—
Receivables	US$ in thousands	324,016	341,712	216,033	199,463	200,158
Total current liabilities	US$ in thousands	1,539,530	2,200,450	1,811,420	1,287,880	1,880,890
Quick ratio		1.79	1.60	2.14	2.11	1.96

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,426,160K + $—K + $324,016K) ÷ $1,539,530K
= 1.79

The quick ratio of Wynn Resorts Limited has shown a positive trend over the past five years, increasing from 1.96 in December 2020 to 1.79 in December 2024. This ratio indicates the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.

The quick ratio exceeded 2 in December 2021 and has maintained levels above 2 in the subsequent years, with the highest ratio recorded at 2.14 in December 2022. This suggests that Wynn Resorts has a comfortable level of quick assets relative to its current liabilities, indicating strong short-term liquidity and a reduced risk of financial insolvency.

However, there was a slight decline in the quick ratio in December 2023 to 1.60, which may raise some concerns about the company's short-term liquidity position. It is important for Wynn Resorts to monitor and manage its quick assets effectively to ensure it can readily cover its current liabilities, especially during periods of economic uncertainty or unexpected cash outflows.