Marriot Vacations Worldwide (VAC)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 197,000 | 248,000 | 524,000 | 342,000 | 524,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,301,000 | 1,292,000 | 1,320,000 | 1,264,000 | 862,000 |
| Quick ratio | 0.15 | 0.19 | 0.40 | 0.27 | 0.61 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($197,000K
+ $—K
+ $—K)
÷ $1,301,000K
= 0.15
The quick ratio of Marriot Vacations Worldwide has shown a declining trend over the years, starting at 0.61 in December 31, 2020, and dropping to 0.15 by December 31, 2024. This trend suggests a weakening ability to meet short-term obligations using only its most liquid assets. A quick ratio below 1 indicates potential liquidity concerns, indicating the company may struggle to cover immediate liabilities with its current liquid assets alone. This downward trajectory warrants further investigation into the company's liquidity management and financial health.