Wynn Resorts Limited (WYNN)

Quick 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
Cash	US$ in thousands	2,426,160	2,407,290	2,379,420	2,420,200	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
Short-term investments	US$ in thousands	—	1,205,930	500,000	298,700	295,200	291,700	288,200	—	6,700	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	324,016	388,858	317,643	297,192	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
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
Quick ratio		1.79	1.46	1.23	1.15	1.60	2.20	3.10	2.97	2.14	1.32	1.36	2.17	2.11	2.10	1.20	2.27	1.96	2.21	2.19	1.73

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, also known as the acid-test ratio, provides insight into a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that a company has enough liquid assets to cover its current liabilities.

Analyzing the quick ratio of Wynn Resorts Limited from March 31, 2020, to December 31, 2024, shows fluctuations in its liquidity position. The quick ratio ranged from a low of 1.15 on March 31, 2024, to a high of 3.10 on June 30, 2023. Generally, a quick ratio above 1 suggests a healthy liquidity position, while a ratio below 1 may indicate potential liquidity concerns.

Key points include:

- The company's quick ratio remained above 1 throughout the period, indicating a generally sound ability to meet short-term obligations with liquid assets.
- There were periods of significant improvement in liquidity, such as on June 30, 2023, when the quick ratio spiked to 3.10, suggesting a strong ability to cover current liabilities with liquid assets at that point in time.
- However, there were also instances of decreasing liquidity, as seen on June 30, 2021, with a quick ratio of 1.20, potentially indicating a temporary strain on the company's ability to meet short-term obligations with its current liquid assets.
- Overall, the quick ratio of Wynn Resorts Limited showed variability over the period, but the company generally maintained a healthy liquidity position, with the ratio mostly above 1, indicating a satisfactory level of short-term solvency. It is important to further analyze the underlying reasons for fluctuations in the ratio to assess the company's liquidity management.