Vail Resorts Inc (MTN)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 911,361 | 1,231,200 | 1,178,800 | 1,134,500 | 1,208,110 | 1,482,430 | 1,760,130 | 1,621,670 | 1,791,530 | 1,845,400 | 1,767,430 | 1,777,850 | 1,745,590 | 1,684,820 | 1,573,450 | 841,615 | 665,088 | 750,878 | 413,802 | 428,334 |
| 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 |
| Current ratio | 0.82 | 1.18 | 0.96 | 0.83 | 1.07 | 1.50 | 1.37 | 1.21 | 1.61 | 2.22 | 1.53 | 1.40 | 1.78 | 2.35 | 1.60 | 0.89 | 1.10 | 1.35 | 0.45 | 0.44 |
July 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $911,361K ÷ $1,113,310K
= 0.82
The current ratio of Vail Resorts Inc has displayed fluctuations over the past few quarters. The ratio was below 1 in several periods, indicating that the company may have had difficulties meeting its short-term obligations with its current assets alone. However, there were also periods where the current ratio was well above 1, suggesting the company had a more comfortable liquidity position.
In the most recent quarter, as of July 31, 2024, the current ratio stands at 0.82, indicating that the company may have challenges in meeting its short-term liabilities with its current assets. This decreasing trend in the current ratio over the last few quarters may raise concerns about the company's ability to manage its short-term financial obligations effectively.
It is important to delve deeper into the components of current assets and current liabilities to understand the underlying reasons for these fluctuations in the current ratio and assess the company's liquidity and financial health more comprehensively. Further analysis and monitoring of Vail Resorts Inc's liquidity position will be necessary to evaluate its short-term financial stability.
Peer comparison
Jul 31, 2024