Hilton Grand Vacations Inc (HGV)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 589,000 | 227,000 | 252,000 | 389,000 | 223,000 | 425,000 | 374,000 | 514,000 | 432,000 | 334,000 | 318,000 | 400,000 | 428,000 | 625,000 | 733,000 | 669,000 | 67,000 | 113,000 | 120,000 | 158,000 |
| Short-term investments | US$ in thousands | — | 61,000 | 57,000 | 51,000 | 72,000 | 69,000 | 66,000 | 62,000 | 59,000 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 507,000 | 441,000 | 485,000 | 503,000 | 511,000 | 398,000 | 413,000 | 447,000 | 302,000 | 278,000 | 220,000 | 111,000 | 119,000 | 109,000 | 374,000 | 158,000 | 174,000 | 137,000 | — | — |
| 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 |
| Quick ratio | 0.95 | 0.54 | 0.54 | 0.60 | 0.67 | 7.56 | 6.01 | 6.43 | 7.08 | 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($589,000K
+ $—K
+ $507,000K)
÷ $1,151,000K
= 0.95
The quick ratio of Hilton Grand Vacations Inc has shown fluctuating trends over the past eight quarters. In Q4 2023, the quick ratio was 0.97, indicating that the company had $0.97 of liquid assets available to cover each dollar of current liabilities. This represents an improvement from the previous quarter where the quick ratio was 0.59, suggesting a better ability to meet short-term obligations.
However, it is important to note that the quick ratio has been inconsistent in recent quarters, ranging from a low of 0.59 to a high of 0.97. While the quick ratio in Q4 2023 improved compared to the previous quarter, it is still lower than the quick ratio in Q1 2023, when it was 0.71. This suggests that Hilton Grand Vacations Inc may have experienced fluctuations in its liquidity position over the past year.
Overall, the quick ratio provides insights into the company's ability to meet its short-term financial obligations with its liquid assets. Investors and analysts may want to monitor this ratio closely to assess the company's liquidity and financial health in the future.