Marriot Vacations Worldwide (VAC)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 248,000 | 524,000 | 342,000 | 524,000 | 369,000 |
| Total current liabilities | US$ in thousands | 1,292,000 | 1,320,000 | 1,264,000 | 862,000 | 1,056,000 |
| Current ratio | 0.19 | 0.40 | 0.27 | 0.61 | 0.35 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $248,000K ÷ $1,292,000K
= 0.19
The current ratio of Marriott Vacations Worldwide Corp has remained relatively stable over the past five years, with values ranging from 2.70 to 2.86. This indicates that the company has consistently maintained a strong ability to meet its short-term financial obligations with its current assets. A current ratio above 1.0 generally suggests that a company is in a healthy financial position, as it has more than enough current assets to cover its current liabilities. Marriott Vacations Worldwide Corp's current ratio is within this range, indicating a favorable liquidity position. The slight fluctuations in the current ratio over the years may be due to changes in the company's current asset and current liability composition, but overall, the company appears to have a solid ability to cover its short-term obligations with its current assets.