Vail Resorts Inc (MTN)
Cash ratio
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 322,827 | 705,429 | 812,163 | 728,859 | 562,975 | 896,089 | 1,295,250 | 1,180,940 | 1,107,430 | 1,401,170 | 1,407,020 | 1,468,380 | 1,243,960 | 1,344,700 | 1,301,000 | 462,212 | 390,980 | 482,656 | 126,793 | 136,326 |
| Short-term investments | US$ in thousands | — | 6,268 | 9,115 | — | — | — | — | — | — | — | — | — | 95,615 | 96,259 | 96,801 | 96,668 | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,113,310 | 1,040,680 | 1,228,770 | 1,362,850 | 1,130,700 | 986,361 | 1,287,940 | 1,342,700 | 1,110,850 | 829,872 | 1,155,040 | 1,267,820 | 978,401 | 717,062 | 982,452 | 950,230 | 603,465 | 555,394 | 918,378 | 971,500 |
| Cash ratio | 0.29 | 0.68 | 0.67 | 0.53 | 0.50 | 0.91 | 1.01 | 0.88 | 1.00 | 1.69 | 1.22 | 1.16 | 1.37 | 2.01 | 1.42 | 0.59 | 0.65 | 0.87 | 0.14 | 0.14 |
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 fluctuated over the past several quarters, ranging from a low of 0.14 to a high of 2.01. The cash ratio measures the company's ability to cover its current liabilities with its cash and cash equivalents. A higher cash ratio indicates a greater ability to cover short-term obligations.
In the most recent quarter, the cash ratio was 0.29, the lowest among the reported periods. This suggests that Vail Resorts Inc may have a lower level of liquidity available to meet its short-term obligations at that point in time. However, it is important to note that the cash ratio can vary due to seasonal factors or specific business activities that may influence the cash position of the company.
Overall, the trend in Vail Resorts Inc's cash ratio appears to show some volatility, with fluctuations in the company's ability to cover its short-term liabilities with cash reserves. Investors and analysts may want to monitor changes in the cash ratio over time to assess the company's liquidity position and financial health.
Peer comparison
Jul 31, 2024