Can Vail Resorts cover its short-term obligations?

Its current ratio is 0.91 — current liabilities exceed current assets.

Where does Vail Resorts's balance sheet data come from?

Every line is extracted from Vail Resorts's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Vail Resorts MTN Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q3 '26	TTM Q2 '26	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25
Cash and cash equivalents	$387.32M-19.4%	$405.84M-19.6%	$600.59M+43.5%	$456.42M+35.4%	$480.81M-32.9%
Restricted cash	$15.95M+15.7%	$21.1M+29.1%	$19.12M+30.3%	$16.13M+13.3%	$13.78M+20.2%
Accounts receivable, net	$366.89M+7.0%	$171.14M+29.7%	$106.8M-22.3%	$388.88M+3.5%	$342.89M0.0%
Inventories	$129.07M+12.7%	$141.38M+7.1%	$154.38M+0.9%	$117.18M-1.5%	$114.57M+6.3%
Prepaid expenses and other current assets	$36.76M-5.4%	$60.14M+5.5%	$78.07M+3.6%	$58.09M-17.2%	$38.85M+7.7%
Total current assets	$952.22M-4.7%	$822.72M-1.9%	$1.05B+24.0%	$1.05B+16.4%	$999.41M-18.8%
Property and equipment, net	$2.37B-0.5%	$2.41B+1.5%	$2.38B-2.1%	$2.37B-1.8%	$2.38B+4.1%
Buildings and improvements	$1.78B+3.9%	$1.77B+4.8%	$1.72B+1.7%	$1.71B+1.7%	$1.71B+4.0%
Machinery and equipment	$2.26B+7.3%	$2.26B+10.4%	$2.12B+6.0%	$2.12B+6.7%	$2.11B+10.5%
Furniture, fixtures and equipment	$371.91M+6.7%	$365.6M+6.1%	$351.75M+8.9%	$349.92M+10.6%	$348.4M+9.1%
Construction in progress	$61.93M-25.4%	$61.3M-18.8%	$183.92M+10.7%	$114.36M-2.2%	$82.98M+5.7%
Accumulated depreciation	$3.23B+9.4%	$3.16B+10.6%	$3.08B+9.7%	$3.01B+10.1%	$2.95B+8.8%
Operating lease right-of-use assets	$231.5M-7.1%	$237.12M-5.4%	$236.53M-7.6%	$242.49M-6.1%	$249.2M+33.3%
Goodwill	$1.7B+1.4%	$1.7B+4.4%	$1.66B-0.4%	$1.68B-0.2%	$1.68B+0.1%
Intangible assets, net	$299.51M-0.2%	$300.08M+2.5%	$296.04M-1.5%	$298.5M-1.3%	$300.03M+0.2%
Deferred tax assets	$369.34M-15.0%	$393.79M-9.2%	$407.46M-6.4%	$409.69M-4.4%	$434.43M+1.6%
Other non-current assets	$52.04M+0.5%	$51.94M+21.5%	$53.43M+26.0%	$49.39M+21.2%	$51.79M+31.7%
Total assets	$5.69B-1.1%	$5.6B+1.5%	$5.76B+2.4%	$5.78B+1.6%	$5.75B-1.0%
Accounts payable	$105.17M-18.2%	$142.18M+2.9%	$143.12M+0.9%	$139.98M-0.9%	$128.61M+24.3%
Accrued expenses	$65.88M-8.6%	$48.89M-7.9%	$116.73M+36.4%	$71.92M-29.8%	$72.08M-26.2%
Accrued compensation	$72.91M+6.3%	$70.82M+9.5%	$62.31M+7.8%	$64.87M+6.4%	$68.56M+5.8%
Deferred revenue	$467M-0.3%	$717.5M+4.2%	$927.3M+2.9%	$602.1M+4.6%	$468.6M+4.4%
Current portion of long-term debt	$17M-97.1%	$37.11M-93.6%	$525M+820%	$599.51M+949%	$590.38M+762%
Operating lease liabilities, current	$35.94M+2.4%	$36.62M+7.6%	$35.76M+3.6%	$34.88M+7.0%	$35.1M-10.5%
Contract liabilities	$95.1M-6.0%	$96.5M-6.4%	$97.4M-5.3%	$99.4M-5.2%	$101.2M-5.2%
Income taxes payable	$76.24M-20.5%	$13.88M+233%	$923K—	$11.45M-75.3%	$95.92M-20.5%
Deposits	$44.65M-34.2%	$75.67M+0.9%	$20.51M-38.3%	$59.78M+38.2%	$67.88M+29.0%
Total current liabilities	$1.04B-35.8%	$1.32B-25.8%	$1.94B+42.7%	$1.67B+50.7%	$1.63B+56.5%
Deferred tax liabilities	$264.65M-4.2%	$264.26M-4.0%	$264.26M-4.5%	$252.04M-9.9%	$276.23M-3.0%
Long-term debt	$3.02B+43.5%	$2.93B+38.2%	$3.17B+17.0%	$3.19B+17.4%	$2.11B-22.0%
Operating lease liabilities, non-current	$198.41M-9.9%	$211.9M-8.1%	$211.19M-10.1%	$215.09M-8.5%	$220.3M+42.2%
Total liabilities	$4.77B+5.2%	$4.96B+5.0%	$5.3B+8.1%	$5.02B+7.8%	$4.53B+1.0%
Preferred stock	$0—	$0—	$0—	$0—	$0—
Common stock	100M0.0%	100M0.0%	100M0.0%	100M0.0%	100M0.0%
Additional paid-in capital	$1.19B+2.3%	$1.18B+2.3%	$1.17B+2.4%	$1.17B+2.3%	$1.16B+1.9%
Retained earnings	$818.33M-16.4%	$583M-13.2%	$452.1M-11.4%	$718.66M-6.3%	$979.23M-5.8%
Accumulated other comprehensive income (loss)	-$1.32M+97.7%	-$8.46M+93.7%	-$61.73M+13.6%	-$57.89M+14.0%	-$57.07M+11.7%
Treasury stock	$1.45B+20.5%	$1.45B+23.6%	$1.41B+21.8%	$1.41B+14,930%	$1.21B+9.2%
Noncontrolling interests	$364.37M+7.0%	$342.97M+20.2%	$311.59M+3.4%	$329.41M+4.6%	$340.56M+6.9%
Total stockholders' equity	$551.73M-37.1%	$301.82M-41.5%	$156.46M-63.6%	$424.5M-40.2%	$877.17M-12.6%
Total liabilities and stockholders' equity	$5.69B-1.1%	$5.6B+1.5%	$5.76B+2.4%	$5.78B+1.6%	$5.75B-1.0%
Allowance for Doubtful Accounts	$9.97M—	$11.09M—	$9.27M—	$6.51M—	——
Allowance for Doubtful Accounts Receivable (Current)	$9.97M—	$11.09M—	$9.27M—	$6.51M—	——
Other current assets	$78.92M+15.8%	$115.46M+47.3%	$195.12M+36.3%	$93.82M+33.7%	$68.13M+7.2%
Other Receivables	$3.53M—	$8.42M—	$8.05M—	$7.69M—	——
Capitalized Contract Costs, Net	$3M-25.0%	$16.1M+12.6%	$24.5M+7.9%	$6.6M+26.9%	$4M+73.9%
Capitalized Computer Software, Net	$220.44M+16.6%	$208.13M+10.2%	$189.75M+15.1%	$189.98M+17.6%	$189.12M+14.5%
Deferred Tax Assets and Other Non-Current Assets	$52.04M+0.5%	$51.94M+21.5%	$53.43M+26.0%	$49.39M+21.2%	$51.79M+31.7%
Net Investment in Lease	$231.5M-7.1%	$237.12M-5.4%	$236.53M-7.6%	$242.49M-6.1%	$249.2M+33.3%
Other intangible assets—net	$299.51M-0.2%	$300.08M+2.5%	$296.04M-1.5%	$298.5M-1.3%	$300.03M+0.2%
Inventory, Real Estate	$76.44M-13.0%	$76.32M-15.9%	$85.22M-0.1%	$87.85M+1.5%	$87.9M+1.5%
Machinery and equipment	$2.26B+7.3%	$2.26B+10.4%	$2.12B+6.0%	$2.12B+6.7%	$2.11B+10.5%
Operating lease right-of-use assets	$231.5M-7.1%	$237.12M-5.4%	$236.53M-7.6%	$242.49M-6.1%	$249.2M+33.3%
Other non-current assets	$52.04M+0.5%	$51.94M+21.5%	$53.43M+26.0%	$49.39M+21.2%	$51.79M+31.7%
Property, plant and equipment at cost	$5.6B+5.0%	$5.58B+6.5%	$5.46B+4.2%	$5.39B+4.4%	$5.34B+6.6%
Operating Lease Right-of-Use Assets in Other Assets	$231.5M-7.1%	$237.12M-5.4%	$236.53M-7.6%	$242.49M-6.1%	$249.2M+33.3%
Software and Technology Licenses, Net	$220.44M+16.6%	$208.13M+10.2%	$189.75M+15.1%	$189.98M+17.6%	$189.12M+14.5%
Accrued Progress Collections and Price Adjustments	$95.1M-6.0%	$96.5M-6.4%	$97.4M-5.3%	$99.4M-5.2%	$101.2M-5.2%
Commercial Paper Outstanding	——	——	——	——	——
Accrued Income Taxes, Current	$76.24M-20.5%	$13.88M+233%	$923K—	$11.45M-75.3%	$95.92M-20.5%
Deferred income	$467.04M-0.3%	$717.52M+4.2%	$927.31M+2.9%	$602.12M+4.6%	$468.61M+4.4%
Current Portion of Long-Term Debt and Finance Lease Obligations	$73.51M-87.6%	$73.01M-87.6%	$589.74M+896%	$599.51M+911%	$591.47M+764%
Contingent Consideration Liability (Non-Current)	$93M+5.7%	$79.5M-7.7%	$83.2M-3.3%	$93.3M-10.5%	$88M-11.3%
Contract Liabilities, Non-Current	$95.1M-6.0%	$96.5M-6.4%	$97.4M-5.3%	$99.4M-5.2%	$101.2M-5.2%
Debt Maturity - 2027	——	——	——	——	——
Debt Maturity - Thereafter	——	——	——	——	——
Debt - Unamortized Discount (Premium) and Issuance Costs, Net	-$789K+85.2%	-$3.02M+49.6%	-$2.29M+50.9%	-$269K-103%	-$5.34M-237%
Long-Term Debt and Finance Lease Obligations	$2.95B+39.2%	$2.86B+34.3%	$2.58B-5.0%	$2.59B-5.0%	$2.12B-21.5%
Accounts payable and accrued liabilities (Note 6)	$894.95M-4.9%	$1.24B+3.7%	$1.35B+3.7%	$1.06B+5.6%	$940.87M+10.5%
Deferred revenue, net of current portion	$95.1M-6.0%	$96.5M-6.4%	$97.4M-5.3%	$99.4M-5.2%	$101.2M-5.2%
Other Long Term Liabilities Noncurrent	$312.47M+8.3%	$297.94M-1.2%	$300M-3.3%	$294.46M-5.6%	$288.51M-5.8%
Total debt	$3.27B+10.9%	$3.21B+8.3%	$3.94B+29.8%	$4.46B+28.9%	$2.95B-0.4%
Common Stock Par Value Per Share	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Common Stock Shares Issued	47M+0.2%	47M+0.2%	47M+0.2%	46.9M+0.2%	46.9M+0.1%
Convertible Preferred Stock Authorized Shares	25M0.0%	25M0.0%	25M0.0%	25M0.0%	25M0.0%
Convertible Preferred Stock Issued Shares	0—	0—	0—	0—	0—
Convertible Preferred Stock Outstanding Shares	0—	0—	0—	0—	0—
Additional paid-in capital	$1.19B+2.3%	$1.18B+2.3%	$1.17B+2.4%	$1.17B+2.3%	$1.16B+1.9%
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$470K+0.2%	$470K+0.2%	$470K+0.2%	$469K0.0%	$469K0.0%
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding	$0—	$0—	$0—	$0—	$0—
Treasury Stock, Value	$1.45B—	$1.45B—	$1.41B—	$1.41B—	——
Preferred Stock Par Value Per Share	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Share Repurchase Authorization Limit	——	——	——	——	——
Cumulative Cost Basis	$5.6B+5.0%	$5.58B+6.5%	$5.46B+4.2%	$5.39B+4.4%	$5.34B+6.6%
Allowance for doubtful accounts	$9.97M—	$11.09M—	$9.27M—	$6.51M—	——
Business Combination, Contingent Consideration, Liability	$93M+5.7%	$79.5M-7.7%	$83.2M-3.3%	$93.3M-10.5%	$88M-11.3%
Capitalized Contract Cost, Net	$3M-25.0%	$16.1M+12.6%	$24.5M+7.9%	$6.6M+26.9%	$4M+73.9%
Common stock, par value (in dollars per share)	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Common stock, shares authorized (in shares)	$100M0.0%	$100M0.0%	$100M0.0%	$100M0.0%	$100M0.0%
Common stock, shares issued (in shares)	$47.02M+0.2%	$47.02M+0.2%	$47.01M+0.2%	$46.95M+0.2%	$46.93M+0.1%
Construction work in progress	$61.93M-25.4%	$61.3M-18.8%	$183.92M+10.7%	$114.36M-2.2%	$82.98M+5.7%
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	-$789K+85.2%	-$3.02M+49.6%	-$2.29M+50.9%	-$269K-103%	-$5.34M-237%
Deferred income taxes	$264.65M-4.2%	$264.26M-4.0%	$264.26M-4.5%	$252.04M-8.9%	$276.23M-3.0%
Fees and Assessments	——	——	——	——	——
Land and land improvements	$809.55M+0.9%	$808.69M+1.8%	$804.38M-0.1%	$804.67M0.0%	$802.65M+0.6%
Letters of Credit Outstanding, Amount	——	——	——	——	——
Long-Term Debt and Lease Obligation	$2.95B+39.2%	$2.86B+34.3%	$2.58B-5.0%	$2.59B-5.0%	$2.12B-21.5%
Less: current maturities	$73.51M-87.6%	$73.01M-87.6%	$589.74M+896%	$599.51M+911%	$591.47M+764%
2028	——	——	——	——	——
2029	——	——	——	——	——
2029	——	——	——	——	——
2030	——	——	——	——	——
Thereafter	——	——	——	——	——
2027	——	——	——	——	——
Noncontrolling interests in subsidiaries	$364.37M+7.0%	$342.97M+20.2%	$311.59M+3.4%	$329.41M+4.6%	$340.56M+6.9%
Money Market Funds At Carrying Value	$50M-4.2%	$71.53M-47.1%	$247.27M+204%	$80.58M+8,893%	$52.21M-54.4%
Other accrued liabilities	$65.88M-8.6%	$48.89M-7.9%	$116.73M+36.4%	$71.92M-29.8%	$72.08M-26.2%
Other	$42.15M+44.0%	$55.32M+159%	$38.79M+134%	$35.73M+27.4%	$29.28M—
Other receivables	$3.53M—	$8.42M—	$8.05M—	$7.69M—	——
Preferred Stock, Par or Stated Value Per Share	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Preferred Stock, Shares Authorized	$25M0.0%	$25M0.0%	$25M0.0%	$25M0.0%	$25M0.0%
Preferred Stock, Shares Issued	$0—	$0—	$0—	$0—	$0—
Preferred Stock, Shares Outstanding	$0—	$0—	$0—	$0—	$0—
Prepaid expenses	$36.76M-5.4%	$60.14M+5.5%	$78.07M+3.6%	$58.09M+12.8%	$38.85M—
Private Club Recognized Initiation Fees Average Remaining Period	——	——	——	——	——
Stock Repurchase Program, Additional Number of Shares Authorized to be Repurchased	——	——	——	——	——
Surety Bonds Outstanding	——	——	——	——	——
Trade receivables	$363.36M—	$162.72M—	$98.75M—	$381.19M—	——
Treasury Stock Carrying Basis	$1.44B+19.7%	$1.44B+22.8%	$1.4B+21.1%	$1.41B+24.0%	$1.21B+8.6%
Treasury stock, shares (in shares)	$11.38M+16.5%	$11.38M+18.7%	$11.06M+16.6%	$11.06M+18.0%	$9.77M+5.9%
Vehicles	$101.2M+4.8%	$100.28M+4.9%	$97.34M+3.2%	$96.5M+5.0%	$96.58M+4.7%

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Questions, answered.

Can Vail Resorts cover its short-term obligations?: Its current ratio is 0.91 — current liabilities exceed current assets.
Where does Vail Resorts's balance sheet data come from?: Every line is extracted from Vail Resorts's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.