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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. Century Casinos's current ratio for the quarter that ended in Dec. 2023 was 2.21.
Century Casinos has a current ratio of 2.21. It generally indicates good short-term financial strength.
The historical rank and industry rank for Century Casinos's Current Ratio or its related term are showing as below:
During the past 13 years, Century Casinos's highest Current Ratio was 3.49. The lowest was 1.07. And the median was 1.59.
The historical data trend for Century Casinos'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.
Century Casinos Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 1.40 | 1.57 | 2.33 | 3.49 | 2.21 |
Century Casinos Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Current Ratio | Get a 7-Day Free Trial | 3.49 | 3.55 | 1.87 | 2.44 | 2.21 |
For the Resorts & Casinos subindustry, Century Casinos'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, Century Casinos's Current Ratio distribution charts can be found below:
* The bar in red indicates where Century Casinos'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.
Century Casinos'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 ) |
= | 207.017 | / | 93.619 | |
= | 2.21 |
Century Casinos's Current Ratio for the quarter that ended in Dec. 2023 is calculated as
Current Ratio (Q: Dec. 2023 ) | = | Total Current Assets (Q: Dec. 2023 ) | / | Total Current Liabilities (Q: Dec. 2023 ) |
= | 207.017 | / | 93.619 | |
= | 2.21 |
* 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.
Century Casinos (NAS:CNTY) 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 Century Casinos's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Peter Hoetzinger | director, officer: Vice Chairman/Co CEO/President | 200 EAST BENNETT AVE, CRIPPLE CREEK CO 80813 |
Nikolaus Strohriegel | officer: Vice President of Operations | 455 E PIKES PEAK AVE STE 210, COLORADO SPRINGS CO 80908 |
Haitzmann Erwin Et Al | director, officer: Chairman of the Board/Co CEO | 2200 EAST BENNETT AVE, CRIPPLE CREEK CO 80813 |
Andreas Terler | officer: Vice President of Operations | 455 E PIKES PEAK AVE STE 210, COLORADO SPRINGS CO 80908 |
Smith Geoffrey Donald Cumming | officer: SENIOR V.P. OPERATIONS | 455 E PIKES PEAK AVE STE 210, COLORADO SPRINGS CO 80903 |
Dinah Corbaci | director | ANZENGRUBERGASSE 24/25, VIENNA C4 1050 |
Timothy Allen Wright | officer: Vice President - Controller | 455 E PIKES PEAK AVE, SUITE 210, COLORADO SPRINGS CO 80903 |
Eduard M Berger | director | 455 E PIKES PEAK AVE STE 210, COLORADO SPRINGS CO 80903 |
Gottfried Schellmann | director | HANS WEIGELGASSE 5, MARIA ENZERSDORF C4 A-02340 |
Robert S Eichberg | director | 1801 CALIFORNIA ST, SUITE 4550, DENVER CO 80202 |
Margaret Stapleton | officer: EVP/PFO | 2860 SOUTH CIRCLE DRIVE, SUITE 350, COLORADO SPRINGS CO 80906 |
Larry Hannappel | officer: CAO/Secretary/Treasurer | 200 EAST BENNETT AVE, CRIPPLE CREEK CO 80813 |
Christian Gernert | officer: Chief Operating Officer | 1263 LAKE PLAZA DRIVE, SUITE A, COLORADO SPRINGS CO 80906 |
Raymond W Sienko | officer: Chief Accounting Officer | 1263 A. LAKE PLAZA DR., COLORADO SPRINGS CO 80906 |
Miller Lloyd I Iii | 10 percent owner |
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