Vail Resorts Inc (MTN)
Quick 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 | 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 | — | — | — | — |
| Receivables | US$ in thousands | 375,752 | 342,920 | 138,269 | 105,546 | 381,067 | 351,597 | 160,400 | 118,491 | 383,425 | 267,111 | 167,088 | 108,988 | 345,408 | 208,132 | 117,012 | 208,540 | 106,664 | 100,225 | 105,325 | 87,301 |
| 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 |
| Quick ratio | 0.63 | 1.01 | 0.78 | 0.61 | 0.83 | 1.26 | 1.13 | 0.97 | 1.34 | 2.01 | 1.36 | 1.24 | 1.72 | 2.30 | 1.54 | 0.81 | 0.82 | 1.05 | 0.25 | 0.23 |
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 fluctuated over the past few years, with values ranging from as low as 0.23 to as high as 2.01. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its most liquid assets. A ratio above 1 suggests that the company has an adequate level of liquid assets to cover its current liabilities.
Between Jul 2020 and Jul 2023, the quick ratio generally remained above 1, indicating a healthy liquidity position during those periods. However, from Oct 2023 to Jul 2024, the quick ratio dropped below 1, suggesting a potential decrease in liquidity and the ability to cover short-term obligations comfortably.
Overall, the quick ratio trend of Vail Resorts Inc shows some variability in liquidity levels, with recent data pointing towards a potential decrease in liquidity, which may warrant further investigation into the company's ability to meet its short-term obligations.
Peer comparison
Jul 31, 2024