What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

Travel + Leisure TNL Current ratio

Discontinued — last reported Q1 '18

Current ratio at other companies

Expedia Group, Inc.EXPE

0.7×0.0×

AirbnbABNB

1.4×+0.2×

Walt DisneyDIS

0.7×0.0×

Vail ResortsMTN

0.9×+0.3×

Hyatt HotelsH

0.6×-0.4×

Wyndham Hotels & Resorts, Inc.WH

1×0.0×

Other financials

Income statement

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Revenue$961.0M+2.9%

Gross profit$926.0M+1.6%

Operating income$159.0M+1.9%

Net income$79.0M+8.2%

EPS (diluted)$1.22+14.0%

Balance sheet

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Cash & equivalents$456.0M+24.3%

Total debt$4.7B+11.9%

Total equity-$1.0B-13.2%

Total assets$6.8B+1.1%

Cash flow

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Operating cash flow$38.0M-68.6%

CapEx$19.0M-9.5%

Free cash flow$19.0M-81.0%

Valuation

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Market cap$4.79B+39.8%

Enterprise value$9.04B+23.7%

P/E12.9×+2.3×

P/S1.2×+0.3×

Profitability

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Gross margin93%-4.9pp

Operating margin14.3%-4.8pp

Net margin10.4%-0.6pp

FCF margin10.9%-0.7pp

Returns & leverage

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Return on equity122.1%—

Debt / equity6.6×—

Where this comes from

Calculated from Travel + Leisure’s reported figures.

total current assets/total current liabilities=1.2×

Based on the most recent quarter.

The official record: Travel + Leisure’s 10-Q, filed May 1, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.