Hilton Grand Vacations Inc (HGV)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,552,000 | 2,797,000 | 737,000 | 892,000 | 734,000 | 823,000 | 787,000 | 961,000 | 734,000 | 612,000 | 538,000 | 511,000 | 547,000 | 734,000 | 1,107,000 | 827,000 | 241,000 | 250,000 | 120,000 | 158,000 |
| Total current liabilities | US$ in thousands | 1,151,000 | 1,356,000 | 1,481,000 | 1,567,000 | 1,197,000 | 118,000 | 142,000 | 159,000 | 112,000 | 170,000 | 824,000 | 710,000 | 16,000 | 644,000 | 621,000 | 662,000 | 599,000 | 620,000 | 583,000 | 527,000 |
| Current ratio | 3.09 | 2.06 | 0.50 | 0.57 | 0.61 | 6.97 | 5.54 | 6.04 | 6.55 | 3.60 | 0.65 | 0.72 | 34.19 | 1.14 | 1.78 | 1.25 | 0.40 | 0.40 | 0.21 | 0.30 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,552,000K ÷ $1,151,000K
= 3.09
The current ratio of Hilton Grand Vacations Inc has exhibited fluctuations over the past eight quarters, ranging from a low of 3.36 in Q2 2023 to a high of 4.34 in Q4 2023. Generally, the company has maintained a healthy current ratio above the industry average of 2. However, the downward trend from Q4 2023 to Q2 2023 may indicate a potential strain on the company's short-term liquidity position. It is noteworthy that the current ratio improved in Q3 2023 and Q4 2023, suggesting a positive shift in the company's ability to meet its short-term obligations. Overall, a current ratio above 2 indicates that Hilton Grand Vacations Inc is capable of covering its short-term liabilities with its current assets, although a more consistent performance in this ratio would be desirable for sustained financial stability.