Pursuit Attractions and Hospitality, Inc. (PRSU)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	117,384	235,777	239,555	197,616	91,257
Total current liabilities	US$ in thousands	76,394	232,519	211,117	175,126	97,733
Current ratio		1.54	1.01	1.13	1.13	0.93

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $117,384K ÷ $76,394K
= 1.54

The current ratio of Pursuit Attractions and Hospitality, Inc. over the specified period reflects variations in its short-term liquidity position. As of December 31, 2020, the current ratio stood at 0.93, indicating that current liabilities slightly exceeded current assets, which could suggest potential liquidity concerns during that year.

By December 31, 2021, the ratio increased to 1.13, surpassing the critical benchmark of 1.0, and indicating an improved ability to meet short-term obligations with current assets. This positive shift persisted through December 31, 2022, maintaining the ratio at 1.13, thereby signifying stability in short-term liquidity.

However, a marginal decline was observed by December 31, 2023, with the ratio decreasing to 1.01. Although still above 1.0, this reduction suggests a slight tightening of liquidity, warranting careful monitoring to ensure continued ability to cover short-term liabilities without stress.

The most significant change occurred between December 31, 2023, and December 31, 2024, when the current ratio rose to 1.54. This improvement indicates a substantial strengthening of the company's liquidity position, with current assets significantly exceeding current liabilities. Such a trend suggests that Pursuit Attractions and Hospitality, Inc. has enhanced its short-term financial stability, potentially through increased current assets or decreased current liabilities.

Overall, the trajectory indicates initial liquidity challenges in 2020, a steady and stable improvement during 2021 and 2022, a slight weakening in 2023, and then a marked strengthening in 2024. This pattern reflects a generally positive trend in the company's ability to meet its short-term financial obligations, with the most recent data demonstrating a notably improved liquidity cushion.