Marriot Vacations Worldwide (VAC)
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 | 248,000 | 265,000 | 242,000 | 306,000 | 524,000 | 294,000 | 324,000 | 354,000 | 342,000 | 448,000 | 1,312,000 | 643,000 | 524,000 | 660,000 | 576,000 | 672,000 | 369,000 | 242,000 | 227,000 | 259,000 |
| Total current liabilities | US$ in thousands | 1,292,000 | 1,161,000 | 1,122,000 | 1,210,000 | 1,320,000 | 1,157,000 | 1,123,000 | 1,280,000 | 1,264,000 | 1,708,000 | 948,000 | 1,216,000 | 862,000 | 1,136,000 | 774,000 | 838,000 | 1,056,000 | 911,000 | 1,109,000 | 988,000 |
| Current ratio | 0.19 | 0.23 | 0.22 | 0.25 | 0.40 | 0.25 | 0.29 | 0.28 | 0.27 | 0.26 | 1.38 | 0.53 | 0.61 | 0.58 | 0.74 | 0.80 | 0.35 | 0.27 | 0.20 | 0.26 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $248,000K ÷ $1,292,000K
= 0.19
Marriott Vacations Worldwide Corp has displayed consistent strength in its current ratio over the past eight quarters, averaging around 2.70 to 2.87. This indicates the company's solid ability to cover its short-term obligations with its current assets. The current ratio has generally remained above 2.0, which is considered a healthy level, reflecting the company's good liquidity position. In particular, the ratios in Q3 and Q2 of 2023 were slightly higher, indicating a temporary boost in liquidity during those periods. Overall, the trend in Marriott Vacations' current ratio suggests a stable financial position and ability to meet its short-term financial commitments.