Viad Corp (VVI)

Cash 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 and cash equivalents	US$ in thousands	52,704	106,268	53,179	50,818	59,719	74,102	54,516	57,902	61,600	110,756	37,037	34,714	39,545	110,756	154,216	130,528	61,999	56,638	45,578	43,473
Short-term investments	US$ in thousands	212,536	13,805	15,272	14,361	13,967	—	—	—	—	—	16,090	15,709	15,492	19,937	—	—	—	—	—	—
Total current liabilities	US$ in thousands	229,796	266,931	257,086	245,816	211,117	31,701	268,022	214,334	175,126	176,529	135,319	99,347	97,733	99,653	119,267	623,740	237,323	545,708	565,111	483,833
Cash ratio		1.15	0.45	0.27	0.27	0.35	2.34	0.20	0.27	0.35	0.63	0.39	0.51	0.56	1.31	1.29	0.21	0.26	0.10	0.08	0.09

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($52,704K + $212,536K) ÷ $229,796K
= 1.15

The cash ratio for Viad Corp. has shown some fluctuations over the past eight quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover these obligations.

In Q3 2023, the cash ratio was at its highest point of 0.62, suggesting that Viad Corp. had a relatively strong ability to pay off its short-term liabilities at that time. This was followed by a decline in Q4 2023 to 0.39, indicating a decrease in the company's liquidity compared to the previous quarter.

Looking back further, we observe that the cash ratio was relatively stable in the range of 0.35 to 0.49 throughout the previous quarters. This implies that Viad Corp. generally maintained a moderate level of liquidity to cover its short-term obligations during that period.

It is important for investors and analysts to monitor the cash ratio to assess the company's liquidity position and its ability to meet its short-term financial obligations. Fluctuations in the cash ratio could signal changes in the company's financial health and operational efficiency. Further analysis and comparison with industry peers can provide additional insights into Viad Corp.'s financial performance.