Vail Resorts Inc (MTN)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,721,600 | 2,700,260 | 2,721,600 | 2,732,040 | 2,750,680 | 2,773,750 | 2,789,830 | 2,769,700 | 2,670,300 | 2,687,490 | 2,695,590 | 2,704,580 | 2,736,180 | 2,739,980 | 2,768,020 | 2,387,860 | 2,387,120 | 2,365,370 | — | — |
| Total assets | US$ in thousands | 5,698,440 | 5,808,740 | 5,847,660 | 5,760,020 | 5,947,750 | 6,199,450 | 6,564,960 | 6,280,870 | 6,318,030 | 6,397,290 | 6,369,740 | 6,290,550 | 6,251,060 | 6,276,640 | 6,165,830 | 5,390,520 | 5,244,230 | 5,289,650 | 5,113,680 | 5,157,750 |
| Debt-to-assets ratio | 0.48 | 0.46 | 0.47 | 0.47 | 0.46 | 0.45 | 0.42 | 0.44 | 0.42 | 0.42 | 0.42 | 0.43 | 0.44 | 0.44 | 0.45 | 0.44 | 0.46 | 0.45 | 0.00 | 0.00 |
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 of Vail Resorts Inc has shown a relatively stable trend over the past few quarters, hovering between 0.42 and 0.48. This ratio measures the proportion of the company's total assets that are financed by debt, with higher ratios indicating a greater reliance on debt.
The general consistency of the debt-to-assets ratio around the 0.45 mark suggests that Vail Resorts Inc maintains a moderate level of debt relative to its total assets. This could indicate a balanced capital structure, where the company has a mix of debt and equity financing.
The higher ratios observed in some periods may indicate increased leverage during those times, possibly to fund expansion or investment activities. Conversely, the lower ratios suggest a lower dependence on debt financing, which could indicate a stronger financial position and less financial risk.
Overall, the trend in Vail Resorts Inc's debt-to-assets ratio implies a moderate level of debt usage, which should be evaluated in conjunction with other financial metrics and industry benchmarks to assess the company's overall financial health and risk profile.
Peer comparison
Jul 31, 2024