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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Ballys's current ratio for the quarter that ended in Mar. 2024 was 0.61.
Ballys has a current ratio of 0.61. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Ballys has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Ballys's Current Ratio or its related term are showing as below:
During the past 8 years, Ballys's highest Current Ratio was 8.29. The lowest was 0.61. And the median was 1.15.
The historical data trend for Ballys's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ballys Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Current Ratio | Get a 7-Day Free Trial | 2.73 | 2.02 | 0.99 | 0.69 | 0.65 |
Ballys Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Current Ratio | Get a 7-Day Free Trial | 0.92 | 0.78 | 0.65 | 0.65 | 0.61 |
For the Resorts & Casinos subindustry, Ballys's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Travel & Leisure industry and Consumer Cyclical sector, Ballys's Current Ratio distribution charts can be found below:
* The bar in red indicates where Ballys's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Ballys's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Current Ratio (A: Dec. 2023 ) | = | Total Current Assets (A: Dec. 2023 ) | / | Total Current Liabilities (A: Dec. 2023 ) |
= | 572.345 | / | 874.78 | |
= | 0.65 |
Ballys's Current Ratio for the quarter that ended in Mar. 2024 is calculated as
Current Ratio (Q: Mar. 2024 ) | = | Total Current Assets (Q: Mar. 2024 ) | / | Total Current Liabilities (Q: Mar. 2024 ) |
= | 536.137 | / | 875.777 | |
= | 0.61 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ballys (NYSE:BALY) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thank you for viewing the detailed overview of Ballys's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeffrey W Rollins | director | |
Jaymin B Patel | director | C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817 |
Terrence Downey | director | 100 TWIN RIVER ROAD, LINCOLN RI 02865 |
Wanda Y. Wilson | director | 100 TWIN RIVER ROAD, LINCOLN RI 02865 |
Lee Kim Barker | officer: EVP, Chief Legal Officer | C/O BALLY'S CORPORATION, 100 WESTMINSTER STREET, PROVIDENCE RI 02903 |
Tracy S. Harris | director | C/O 1847 HOLDINGS LLC, 590 MADISON AVE., 21ST FLOOR, NEW YORK NY 10022 |
Robeson Reeves | director, officer: President, Interactive | 100 WESTMINSTER STREET, PROVIDENCE RI 02903 |
Craig L Eaton | officer: EVP, General Counsel, Sec. | 100 TWIN RIVER ROAD, LINCOLN RI 02865 |
George T. Papanier | director, officer: President and CEO | 100 TWIN RIVER ROAD, LINCOLN RI 02865 |
Marcus Glover | officer: EVP, Chief Financial Officer | C/O BALLY'S CORPORATION, 100 WESTMINSTER STREET, PROVIDENCE RI 02903 |
Standard General L.p. | director, 10 percent owner | 767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153 |
Noel Hayden | 10 percent owner | C/O ANZO GROUP LIMITED, 25 GOLDEN SQUARE, LONDON X0 W1F 9LU |
Marc A Crisafulli | officer: EVP Government Relations | C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817 |
Robert M. Lavan | officer: Executive Vice President, CFO | 5201 INTERCHANGE WAY, LOUISVILLE KY 40229 |
Stephen H Capp | officer: Executive Vice President, CFO | C/O PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148 |
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