Vail Resorts Inc (MTN)
Debt-to-assets ratio
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,721,600 | 2,750,680 | 2,670,300 | 2,736,180 | 2,387,120 |
| Total assets | US$ in thousands | 5,698,440 | 5,947,750 | 6,318,030 | 6,251,060 | 5,244,230 |
| Debt-to-assets ratio | 0.48 | 0.46 | 0.42 | 0.44 | 0.46 |
July 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,721,600K ÷ $5,698,440K
= 0.48
The debt-to-assets ratio for Vail Resorts Inc has fluctuated over the past five years, ranging from 0.42 to 0.48. In the most recent fiscal year ending July 31, 2024, the ratio stood at 0.48, indicating that 48% of the company's assets were financed through debt. This suggests that Vail Resorts relies moderately on debt to fund its operations and expansion activities. The upward trend in the ratio over the last few years may indicate an increasing reliance on debt financing. However, it is important to note that the ratio is below 1, indicating that the company's assets exceed its debt obligations. Investors and stakeholders should continue to monitor this ratio to assess the company's financial leverage and risk profile.
Peer comparison
Jul 31, 2024