Travel + Leisure Co (TNL)
Current ratio
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,494,000 | 1,387,000 | 1,362,000 | 1,354,000 | 1,810,000 | 1,315,000 | 1,433,000 | 1,510,000 | 1,687,000 | 1,616,000 | 1,667,000 | 1,681,000 | 2,659,000 | 2,607,000 | 2,330,000 | 2,236,000 | 4,815,000 | 4,687,000 | 4,638,000 | 7,929,000 |
| Total current liabilities | US$ in thousands | 1,168,000 | 1,324,000 | 1,319,000 | 1,286,000 | 1,136,000 | 1,311,000 | 1,402,000 | 1,385,000 | 1,159,000 | 1,407,000 | 1,446,000 | 1,420,000 | 715,000 | 1,491,000 | 971,000 | 1,509,000 | 1,313,000 | 1,820,000 | 1,833,000 | 630,000 |
| Current ratio | 1.28 | 1.05 | 1.03 | 1.05 | 1.59 | 1.00 | 1.02 | 1.09 | 1.46 | 1.15 | 1.15 | 1.18 | 3.72 | 1.75 | 2.40 | 1.48 | 3.67 | 2.58 | 2.53 | 12.59 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,494,000K ÷ $1,168,000K
= 1.28
The current ratio of Travel+Leisure Co has been relatively stable over the past eight quarters, ranging between 3.01 and 3.87. A current ratio above 1 indicates that the company has more current assets than current liabilities, which suggests strong liquidity and the ability to meet short-term obligations.
The company's current ratio peaked at 3.87 in Q4 2022 and hit its lowest point at 3.01 in Q2 2022. Overall, the current ratio has been consistently above 3, indicating that Travel+Leisure Co has a strong ability to cover its short-term liabilities with its current assets.
However, it is noteworthy that the current ratio has slightly decreased from the previous quarter, moving from 3.35 in Q3 2023 to 3.84 in Q4 2023. This could indicate a potential decrease in liquidity or an increase in short-term liabilities relative to current assets.
In conclusion, Travel+Leisure Co's current ratio analysis suggests that the company has maintained a healthy liquidity position over the past eight quarters, but stakeholders should continue to monitor any fluctuations in the ratio to ensure the company's ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023