Viad Corp (VVI)

Current 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
Total current assets	US$ in thousands	235,777	318,350	269,192	249,377	239,555	19,400	274,053	205,652	197,616	229,853	108,310	88,821	91,257	117,747	235,052	312,513	260,903	275,914	274,107	251,319
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
Current ratio		1.03	1.19	1.05	1.01	1.13	0.61	1.02	0.96	1.13	1.30	0.80	0.89	0.93	1.18	1.97	0.50	1.10	0.51	0.49	0.52

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $235,777K ÷ $229,796K
= 1.03

The current ratio of Viad Corp. has shown fluctuations over the past eight quarters. In Q4 2023, the current ratio was 1.03, indicating that the company had just enough current assets to cover its current liabilities. This represented a decrease from the previous quarter where the current ratio was 1.19.

The trend over the past year shows some variability in the company's ability to meet its short-term obligations. In Q2 2022 and Q4 2022, the current ratio was relatively healthy at 1.05 and 1.13, respectively. However, there were periods, such as Q1 2022 and Q1 2023, where the current ratio fell below 1, signaling potential liquidity concerns.

Overall, the current ratio for Viad Corp. has been somewhat volatile, with fluctuations above and below 1. This suggests that the company may need to manage its current assets and liabilities more effectively to ensure a more stable liquidity position in the future.