Vail Resorts Inc (MTN)
Quick ratio
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 322,827 | 562,975 | 1,107,430 | 1,243,960 | 390,980 |
| Short-term investments | US$ in thousands | — | — | — | 95,615 | — |
| Receivables | US$ in thousands | 375,752 | 381,067 | 383,425 | 345,408 | 106,664 |
| Total current liabilities | US$ in thousands | 1,113,310 | 1,130,700 | 1,110,850 | 978,401 | 603,465 |
| Quick ratio | 0.63 | 0.83 | 1.34 | 1.72 | 0.82 |
July 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($322,827K
+ $—K
+ $375,752K)
÷ $1,113,310K
= 0.63
The quick ratio of Vail Resorts Inc has exhibited fluctuations over the past five years. The ratio was 0.63 as of July 31, 2024, which indicates that the company may face challenges in meeting its short-term obligations using its most liquid assets. This represents a decrease from the previous year when the quick ratio was 0.83.
In the preceding years, the quick ratio demonstrated a varying trend. In July 31, 2023, the quick ratio was 0.83, implying an improvement in the company's ability to cover its short-term liabilities with quick assets. This was a decline from July 31, 2022, when the quick ratio was notably higher at 1.34, indicating a strong liquidity position.
The quick ratio was even more robust on July 31, 2021, at 1.72, signaling a further enhancement in liquidity. In contrast, July 31, 2020, saw a decline in the quick ratio to 0.82, suggesting a potential strain on the company's ability to cover short-term obligations.
Overall, the trend in Vail Resorts Inc's quick ratio reflects fluctuations in the company's liquidity position over the past five years, with varying levels of ability to meet short-term obligations using its quick assets.
Peer comparison
Jul 31, 2024