Pursuit Attractions and Hospitality, Inc. (PRSU)

Quick ratio

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Cash	US$ in thousands	22,801	49,702	64,552	59,381	48,799	27,435	106,268	53,179	50,818	59,719	79,151	54,516	57,902	61,600	110,756	37,037	34,714	39,545	56,452	154,216
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	10,735	18,083	175,522	186,970	151,775	8,882	135,274	147,655	134,111	122,695	150,802	160,862	96,920	93,867	76,338	32,771	19,377	18,174	21,316	36,786
Total current liabilities	US$ in thousands	91,721	76,394	307,659	308,902	292,271	232,519	266,931	257,086	245,816	211,117	266,391	268,022	214,334	175,126	176,529	135,319	99,347	97,733	99,653	119,267
Quick ratio		0.37	0.89	0.78	0.80	0.69	0.16	0.90	0.78	0.75	0.86	0.86	0.80	0.72	0.89	1.06	0.52	0.54	0.59	0.78	1.60

March 31, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($22,801K + $—K + $10,735K) ÷ $91,721K
= 0.37

The quick ratio trend for Pursuit Attractions and Hospitality, Inc. over the analyzed period exhibits notable fluctuations, reflecting elements of liquidity management and short-term financial stability. Initially, the ratio stood at 1.60 as of June 30, 2020, indicating a strong liquidity position where liquid assets comfortably covered current liabilities. Subsequently, there was a significant decline to 0.78 by September 30, 2020, and further reductions to 0.59 at year-end 2020, and 0.54 as of March 31, 2021. This downward movement suggests a deterioration in the company’s ability to meet short-term obligations with its most liquid assets.

During 2021, the ratio experienced some improvement, reaching 1.06 in September 2021 and 0.89 in December 2021, indicating a partial recovery in liquidity levels. However, the ratio remained below the initial 2020 peak, reflecting ongoing liquidity management challenges. Throughout 2022, the ratio stabilized somewhat; it increased gradually from 0.72 in March 2022 to 0.86 by September 2022, maintaining this level into December 2022 and the first half of 2023. The ratio thus remained relatively stable around the 0.75 to 0.90 range, generally indicating acceptable short-term liquidity, although still below the level that would suggest ample liquidity (above 1.0).

However, a sharp decline was observed at the end of 2023, with the ratio plunging to 0.16 on December 31, 2023, signaling a critical weakening in liquidity and potentially raising concerns about the company's ability to meet short-term liabilities without additional liquidity sources. The subsequent figures show a partial rebound, with the ratio rising to 0.69 by March 31, 2024, and oscillating around 0.78 to 0.89 through mid to late 2024. Yet, by March 2025, the ratio again decreased sharply to 0.37, indicative of renewed liquidity stress or significant short-term liabilities surpassing liquid assets.

Overall, the company's quick ratio has demonstrated considerable volatility over the analyzed period. The early years show a clear decline from a solid position to a more fragile liquidity stance, with intermittent recoveries. The notable low point at the end of 2023 suggests a period of liquidity crisis, though subsequent data implies some recovery. Continuous monitoring of these fluctuations is essential to assess ongoing liquidity health and the company's capacity to meet short-term obligations in varying market conditions.