Pursuit Attractions and Hospitality, Inc. (PRSU)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.61 | 26.19 | 75.04 | 165.18 | 8.89 |
The solvency ratios of Pursuit Attractions and Hospitality, Inc. from December 31, 2020, to December 31, 2024, demonstrate a consistent absence of debt in the financial structure, as evidenced by the debt-to-assets, debt-to-capital, and debt-to-equity ratios remaining at zero throughout this period. This indicates that the company has maintained an entirely equity-financed capital structure during these years, without reliance on debt financing.
In stark contrast, the financial leverage ratio displays significant variability. The leverage ratio was notably high at 8.89 on December 31, 2020, and experienced an extraordinary increase to 165.18 on December 31, 2021. Subsequently, it declined to 75.04 by December 31, 2022, further decreased to 26.19 on December 31, 2023, and sharply fell to 1.61 by December 31, 2024. The elevated ratios in 2021 and 2022 suggest periods of increased use of debt or financial leverage, which then substantially diminished in the subsequent years.
Overall, the data implies that Pursuit Attractions and Hospitality, Inc. has historically operated without examining or utilizing debt financing, maintaining a debt-free status for the examined period. The fluctuations observed in the financial leverage ratio may indicate temporary or specific strategic financial arrangements in certain years, but these did not translate into sustained indebtedness. The company's consistent zero debt ratios suggest a conservative approach to leverage, emphasizing equity financing and a potentially stable solvency position over the years analyzed.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | -2.20 | 5.57 | 1.12 | -2.36 | -19.17 |
The interest coverage ratio for Pursuit Attractions and Hospitality, Inc. demonstrates notable fluctuations over the specified period from December 31, 2020, to December 31, 2024. In 2020, the company exhibited a significantly negative interest coverage ratio of -19.17, indicating substantial difficulty in meeting interest obligations, likely due to operating losses or elevated debt levels during that year. The situation showed some improvement by 2021, with the ratio improving to -2.36, yet remaining below zero, which continued to suggest challenges in covering interest expenses from earnings before interest and taxes (EBIT).
By 2022, the ratio surpassed the breakeven point, reaching 1.12. This transition into positive territory signifies that the company's EBIT was sufficient to cover its interest obligations, reflecting a potentially strengthening financial position. The year 2023 saw further deterioration, with the interest coverage ratio increasing to 5.57, indicating that EBIT significantly exceeded interest expenses and suggesting a healthier capacity to service debt. However, in 2024, the ratio declined again to -2.20, returning to negative territory and implying that the company once more faced difficulties in generating adequate earnings to cover interest costs.
Overall, the trend indicates considerable volatility in the company's ability to meet its interest obligations. The intermittent periods of positive coverage suggest moments of improved financial performance, but the recurrent negative ratios highlight ongoing challenges related to profitability or the structure of debt. This volatility underscores the importance of continued monitoring and analysis of underlying earnings and debt management strategies to assess the company's long-term solvency and financial stability.