Vail Resorts Inc (MTN)
Cash ratio
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 322,827 | 562,975 | 1,107,430 | 1,243,960 | 390,980 |
| Short-term investments | US$ in thousands | — | — | — | 95,615 | — |
| Total current liabilities | US$ in thousands | 1,113,310 | 1,130,700 | 1,110,850 | 978,401 | 603,465 |
| Cash ratio | 0.29 | 0.50 | 1.00 | 1.37 | 0.65 |
July 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($322,827K
+ $—K)
÷ $1,113,310K
= 0.29
The cash ratio of Vail Resorts Inc has shown a declining trend over the past five years, decreasing from 1.37 in July 2021 to 0.29 in July 2024. This indicates that the company's ability to cover its short-term liabilities with cash and cash equivalents has weakened significantly. A declining cash ratio could potentially raise concerns about the company's liquidity position and its ability to meet its short-term obligations. It is important for investors and analysts to monitor this trend closely to assess the financial health and liquidity risk of Vail Resorts Inc.
Peer comparison
Jul 31, 2024