Vail Resorts Inc (MTN)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 7.88 | 5.79 | 7.05 | 9.10 | 5.92 | 4.87 | 4.49 | 4.97 | 3.92 | 3.50 | 4.07 | 4.39 | 3.92 | 3.52 | 4.22 | 4.62 | 3.98 | 3.72 | 3.59 | 3.96 |
July 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,698,440K ÷ $723,537K
= 7.88
The financial leverage ratio of Vail Resorts Inc has exhibited fluctuations over the past few years, ranging from a high of 9.10 to a low of 3.50. The trend indicates some volatility in the company's leverage position.
Generally, a high financial leverage ratio indicates that a company is relying more on debt to finance its operations, which can increase the risk of financial distress during economic downturns. In contrast, a lower ratio suggests a more conservative approach with less reliance on debt financing.
It is essential for investors and stakeholders to closely monitor Vail Resorts Inc's financial leverage ratio to assess the company's risk profile and financial stability. Fluctuations in this ratio can provide insights into the company's capital structure and its ability to meet its debt obligations.
Peer comparison
Jul 31, 2024