Marriot Vacations Worldwide (VAC)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 197,000 | 197,000 | 206,000 | 237,000 | 574,000 | 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 | 566,000 | 651,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.15 | 0.17 | 0.18 | 0.18 | 0.44 | 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 | 0.73 | 0.78 |
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 Marriott Vacations Worldwide shows fluctuations over time, indicating the company's ability to meet its short-term obligations with its most liquid assets.
From March 31, 2020, to June 30, 2021, the quick ratio ranged from 0.53 to 1.38, suggesting a relatively healthy liquidity position. However, a sharp decline was observed in the quick ratio for the third quarter of 2021, hitting a low of 0.26, possibly indicating potential difficulties in meeting short-term obligations.
Subsequently, the quick ratio showed some improvement but remained around 0.25 to 0.30 up to June 30, 2022. The ratio slightly increased to 0.40 by the end of 2022, signaling a moderate improvement in short-term liquidity.
From March 31, 2023, to December 31, 2024, the quick ratio fluctuated between 0.15 and 0.44, showing varying levels of liquidity. The quick ratio recorded a low of 0.15 at the end of 2024.
Overall, the quick ratio of Marriott Vacations Worldwide experienced fluctuations over the analyzed period, indicating changes in the company's ability to meet its short-term obligations with its quick assets. It is essential for stakeholders to monitor these fluctuations to assess the company's liquidity position effectively.