Wynn Resorts Limited (WYNN)

Quick 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
Cash	US$ in thousands	2,879,190	2,788,110	3,653,970	3,843,530	3,650,440	1,943,500	2,014,900	2,317,350	2,522,530	2,475,760	2,802,720	2,890,410	3,482,030	3,550,000	3,797,740	2,880,970	2,351,900	1,676,110	1,501,890	1,822,890
Short-term investments	US$ in thousands	295,200	291,700	288,200	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	341,712	249,367	229,794	227,332	216,033	210,032	186,380	187,007	199,463	221,933	245,959	215,337	200,158	178,826	296,318	380,771	346,429	286,611	296,696	259,804
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
Quick ratio		1.60	2.20	3.10	2.97	2.13	1.32	1.36	2.17	2.11	2.10	1.20	2.27	1.96	2.21	2.19	1.73	1.36	1.02	0.91	1.11

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 displayed fluctuating trends over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has more than enough liquid assets to cover its current liabilities.

In Q4 2023, the quick ratio was 1.89, showing a slight decrease from the previous quarter but still indicating a healthy liquidity position. In Q3 2023, the quick ratio spiked to 2.61, which was the highest it has been in the past eight quarters. This suggests that the company had a significant amount of liquid assets relative to its current liabilities during that period.

Looking further back, in Q2 and Q1 2023, the quick ratio remained above 3, indicating a very strong liquidity position for Wynn Resorts Ltd. However, in Q4 2022, the quick ratio decreased to 2.18, which was lower compared to the previous three quarters but still above 2, indicating a good liquidity position.

In general, Wynn Resorts Ltd. has maintained a quick ratio well above 1 over the past eight quarters, reflecting a healthy liquidity position and the ability to comfortably meet its short-term obligations. The fluctuation in the quick ratio values may be influenced by various factors such as changes in current assets and liabilities, cash flow management, and business operations.