Marriot Vacations Worldwide (VAC)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | 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 | 566,000 | 651,000 | 287,000 | 183,000 | 179,000 | 222,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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 | 0.73 | 0.78 | 0.27 | 0.20 | 0.16 | 0.22 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($248,000K
+ $—K
+ $—K)
÷ $1,292,000K
= 0.19
The quick ratio of Marriott Vacations Worldwide Corp has remained relatively stable over the past eight quarters, ranging from 1.78 to 2.18. The quick ratio measures the company's ability to meet its short-term liabilities with its most liquid assets, excluding inventory. A quick ratio above 1 indicates that the company has enough liquid assets to cover its short-term obligations.
The company's quick ratio has consistently been above 1, indicating a strong liquidity position. A quick ratio above 2 is generally considered very healthy, as it shows that the company has a significant cushion of liquid assets to cover its short-term liabilities. Marriott Vacations Worldwide Corp has maintained a quick ratio above 2 for most quarters, which demonstrates a robust ability to meet its short-term obligations without relying heavily on inventory.
Overall, the trend of the company's quick ratio suggests that Marriott Vacations Worldwide Corp has a solid financial standing and is well-positioned to weather short-term financial challenges.