Vail Resorts Inc (MTN)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 723,537 | 1,003,510 | 829,904 | 633,031 | 1,003,950 | 1,273,920 | 1,462,580 | 1,264,880 | 1,612,440 | 1,829,320 | 1,565,540 | 1,432,470 | 1,594,600 | 1,782,200 | 1,460,700 | 1,166,120 | 1,316,740 | 1,422,120 | 1,425,480 | 1,302,490 |
| Debt-to-equity ratio | 3.76 | 2.69 | 3.28 | 4.32 | 2.74 | 2.18 | 1.91 | 2.19 | 1.66 | 1.47 | 1.72 | 1.89 | 1.72 | 1.54 | 1.89 | 2.05 | 1.81 | 1.66 | 0.00 | 0.00 |
July 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,721,600K ÷ $723,537K
= 3.76
The debt-to-equity ratio of Vail Resorts Inc has shown fluctuations over the past few years, ranging from 0.00 to 4.32.
The ratio was relatively stable around 1.5 to 2.0 from Jan 31, 2021, to Apr 30, 2023, indicating a moderate level of debt compared to equity during this period.
However, the ratio increased significantly to 4.32 as of Oct 31, 2023, suggesting a substantial increase in the company's debt relative to its equity at that point. This could indicate higher borrowing or lower equity levels during that period.
The ratio decreased to 2.69 as of Apr 30, 2024, but remained relatively high compared to the earlier years. The company's current level of debt-to-equity ratio as of Jul 31, 2024, stands at 3.76, indicating a relatively higher reliance on debt financing compared to equity in the most recent period.
Overall, the trend in Vail Resorts Inc's debt-to-equity ratio reflects fluctuating levels of leverage and financing structure over the years, with some periods showing a higher proportion of debt in the capital structure than others. Investors and analysts closely monitor these changes to assess the company's financial health and risk profile.
Peer comparison
Jul 31, 2024