Pursuit Attractions and Hospitality, Inc. (PRSU)

Cash ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash and cash equivalents	US$ in thousands	49,702	27,435	59,719	61,600	39,545
Short-term investments	US$ in thousands	—	—	—	—	—
Total current liabilities	US$ in thousands	76,394	232,519	211,117	175,126	97,733
Cash ratio		0.65	0.12	0.28	0.35	0.40

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($49,702K + $—K) ÷ $76,394K
= 0.65

The cash ratio of Pursuit Attractions and Hospitality, Inc. demonstrates notable fluctuations over the five-year period from December 31, 2020, through December 31, 2024.

At the end of 2020, the company's cash ratio stood at 0.40, indicating that its cash and cash equivalents constituted approximately 40% of its current liabilities. This ratio slightly declined in 2021 to 0.35, reflecting a modest decrease in liquidity, and further decreased to 0.28 by the end of 2022, suggesting a continued decline in the company's immediate liquidity position.

The downward trend persisted into 2023, with the cash ratio decreasing significantly to 0.12. This indicates that the company's cash holdings covered only 12% of its current liabilities at that time, implying a potentially heightened liquidity risk or reduced buffer for short-term obligations.

However, in 2024, the cash ratio experienced a substantial recovery, rising sharply to 0.65. This increase suggests that the company improved its cash holdings relative to its current liabilities, thereby strengthening its liquidity position relative to the previous year.

Overall, the company's cash ratio trajectory reflects periods of declining liquidity followed by a notable rebound. The fluctuation could be associated with strategic shifts, cash management practices, or operational changes within that period. The most recent year shows a substantial improvement in liquidity, positioning Pursuit Attractions and Hospitality, Inc. more favorably in terms of short-term financial stability.