Marriot Vacations Worldwide (VAC)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,090,000 | 4,043,000 | 3,778,000 | 3,945,000 | 3,936,000 | 3,734,000 | 3,725,000 | 3,755,000 | 4,004,000 | 3,601,000 | 3,620,000 | 3,607,000 | 3,846,000 | 3,872,000 | 4,721,000 | 3,951,000 | 3,867,000 | 3,974,000 | 3,979,000 | 4,222,000 |
| Total current liabilities | US$ in thousands | 1,301,000 | 1,180,000 | 1,150,000 | 1,296,000 | 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 |
| Current ratio | 3.14 | 3.43 | 3.29 | 3.04 | 3.05 | 3.22 | 3.32 | 3.10 | 3.03 | 3.11 | 3.22 | 2.82 | 3.04 | 2.27 | 4.98 | 3.25 | 4.49 | 3.50 | 5.14 | 5.04 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,090,000K ÷ $1,301,000K
= 3.14
Marriott Vacations Worldwide's current ratio has fluctuated over the past few years, indicating some variability in its short-term liquidity position. The current ratio, which measures the company's ability to cover its short-term obligations with its current assets, has generally been healthy, ranging from a high of 5.14 in June 2020 to a low of 2.27 in September 2021.
In recent periods, the current ratio has shown a declining trend from a peak of 5.14 in June 2020 to 3.04 in December 2023. This decline suggests that Marriott Vacations Worldwide may have faced challenges in managing its short-term obligations relative to its current assets during this period.
However, there seems to be some improvement in the current ratio in the most recent quarters, with the ratio increasing to 3.29 in June 2024. This uptick could indicate enhanced liquidity management or improved asset management practices within the company.
Overall, while Marriott Vacations Worldwide's current ratio has experienced fluctuations, it has generally remained above 1, indicating that the company has had sufficient current assets to cover its short-term liabilities. Investors and analysts may want to monitor the trend of the current ratio over time to assess the company's ongoing liquidity position and financial health.