Travel + Leisure Co (TNL)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 282,000 | 238,000 | 214,000 | 196,000 | 550,000 | 169,000 | 241,000 | 381,000 | 369,000 | 346,000 | 328,000 | 322,000 | 1,196,000 | 1,276,000 | 1,052,000 | 1,018,000 | 355,000 | 250,000 | 257,000 | 217,000 |
| Short-term investments | US$ in thousands | 19,000 | — | — | — | 18,000 | — | — | — | 21,000 | — | — | — | 26,000 | — | — | — | 35,000 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 3,120,000 | 3,118,000 | 3,048,000 | 6,177,000 |
| 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 |
| Quick ratio | 0.26 | 0.18 | 0.16 | 0.15 | 0.50 | 0.13 | 0.17 | 0.28 | 0.34 | 0.25 | 0.23 | 0.23 | 1.71 | 0.86 | 1.08 | 0.67 | 2.67 | 1.85 | 1.80 | 10.15 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($282,000K
+ $19,000K
+ $—K)
÷ $1,168,000K
= 0.26
The quick ratio of Travel+Leisure Co has fluctuated over the past eight quarters, ranging from a low of 0.41 in Q3 2022 to a high of 0.86 in Q4 2022. This ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company might have difficulty meeting its short-term liabilities.
The quick ratio was below the desirable level of 1 in most quarters, suggesting potential liquidity challenges. However, it improved in Q4 2022 and Q4 2023 compared to previous quarters. It is important to monitor this ratio over time to assess the company's ability to cover its short-term obligations with its liquid assets effectively, as a sustained improvement or deterioration could signal changes in the company's financial health.
Peer comparison
Dec 31, 2023