The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Wynn Resorts's quick ratio for the quarter that ended in Mar. 2022 was 2.25.
Wynn Resorts has a quick ratio of 2.25. It generally indicates good short-term financial strength.
The historical rank and industry rank for Wynn Resorts's Quick Ratio or its related term are showing as below:
WYNN'
s Quick Ratio Range Over the Past 10 Years
Min: 0.95 Med: 2.05 Max: 13.11
Current: 2.25
During the past 13 years, Wynn Resorts's highest Quick Ratio was 13.11. The lowest was 0.95. And the median was 2.05.
WYNN's Quick Ratio is ranked better than 77.65% of 841
companies
in the Travel & Leisure industry
Industry Median: 1.17
vs WYNN: 2.25
Wynn Resorts Quick Ratio Historical Data
The historical data trend for Wynn Resorts's Quick 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.
* Premium members only.
Wynn Resorts Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Quick Ratio
1.74
1.37
1.40
1.99
2.18
Wynn Resorts Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Quick Ratio
2.32
1.24
2.17
2.18
2.25
Competitive Comparison
For the Resorts & Casinos subindustry, Wynn Resorts's Quick Ratio, along with its competitors' market caps and Quick 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.
Wynn Resorts Quick Ratio Distribution
For the Travel & Leisure industry and Consumer Cyclical sector, Wynn Resorts's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Wynn Resorts's Quick Ratio falls into.
Wynn Resorts Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Wynn Resorts's Quick Ratio for the fiscal year that ended in Dec. 2021 is calculated as
* 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.
Wynn Resorts (NAS:WYNN) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Wynn Resorts Quick Ratio Related Terms
Thank you for viewing the detailed overview of Wynn Resorts's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, Encore Boston Harbor in Massachusetts opened June 2019. Additionally, we expect the company to begin construction on a new building next to its existing Macao Palace resort in 2022, which we forecast to open in 2025. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and Las Vegas, respectively.
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