Vail Resorts, Inc. (MTN) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 952.22M | 822.72M | 1.05B | 1.05B | 1B | 844.49M | 853.62M | 901.96M | 1.23B | 1.18B | 1.13B | 1.21B | 1.48B | 1.76B | 1.62B | 1.79B | 1.85B | 1.77B | 1.78B | 1.75B |
| Cash & Short-Term Investments | 371.37M | 384.74M | 581.47M | 440.29M | 467.03M | 488.21M | 403.77M | 322.83M | 716.89M | 825.49M | 728.86M | 562.98M | 896.09M | 1.3B | 1.18B | 1.11B | 1.4B | 1.41B | 1.47B | 1.24B |
| Cash Only | 371.37M | 384.74M | 581.47M | 440.29M | 467.03M | 488.21M | 403.77M | 322.83M | 716.89M | 825.49M | 728.86M | 562.98M | 896.09M | 1.3B | 1.18B | 1.11B | 1.4B | 1.41B | 1.47B | 1.24B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 356.92M | 160.05M | 175.78M | 382.37M | 335.9M | 123.55M | 130.16M | 375.75M | 342.92M | 138.27M | 105.55M | 381.07M | 351.6M | 160.39M | 118.49M | 383.43M | 267.11M | 167.09M | 108.99M | 345.41M |
| Days Sales Outstanding | 19.09 | 14.25 | 94.73 | 121.79 | 15.78 | 10.26 | 89.41 | 124.57 | 16.87 | 10.4 | 86.57 | 124.93 | 18.4 | 11.64 | 82.62 | 112.02 | 16.42 | 14.01 | 119.05 | 124.69 |
| Inventory | 129.07M | 141.38M | 154.38M | 117.18M | 114.57M | 131.97M | 152.94M | 118.99M | 107.81M | 134.84M | 157.71M | 132.55M | 103.61M | 122.09M | 139.93M | 108.72M | 92.61M | 104.57M | 103.7M | 80.32M |
| Days Inventory Outstanding | 19.83 | 232.42 | 41.24 | 36.75 | 20.17 | 23.18 | 42.16 | 36.5 | 20.34 | 24.87 | 45.72 | 39.84 | 19.03 | 20.46 | 41.03 | 37.94 | 18.43 | 22.83 | 40.42 | 32.33 |
| Other Current Assets | 94.86M | 136.56M | 57.91M | 51.86M | 47.51M | 43.77M | 166.75M | 32.88M | 61.28M | 80.2M | 142.39M | 88.3M | 131.14M | 182.4M | 182.31M | 191.96M | 84.51M | 88.75M | 96.79M | 75.9M |
| Total Non-Current Assets | 4.73B | 4.78B | 4.72B | 4.73B | 4.76B | 4.69B | 4.79B | 4.79B | 4.58B | 4.68B | 4.63B | 4.74B | 4.72B | 4.8B | 4.66B | 4.53B | 4.55B | 4.6B | 4.51B | 4.51B |
| Property, Plant & Equipment | 2.6B | 2.65B | 2.62B | 0 | 2.64B | 2.63B | 2.69B | 2.68B | 2.48B | 2.54B | 2.53B | 2.56B | 2.57B | 2.62B | 2.51B | 2.31B | 2.34B | 2.39B | 2.27B | 2.27B |
| Fixed Asset Turnover | 0.46x | 0.41x | 0.10x | - | 0.49x | 0.43x | 0.10x | 0.10x | 0.51x | 0.43x | 0.10x | 0.11x | 0.48x | 0.43x | 0.12x | 0.11x | 0.50x | 0.39x | 0.08x | 0.09x |
| Goodwill | 1.7B | 1.7B | 1.66B | 1.68B | 1.68B | 1.63B | 1.67B | 1.68B | 1.68B | 1.7B | 1.67B | 1.72B | 1.69B | 1.72B | 1.69B | 1.75B | 1.75B | 1.76B | 1.79B | 1.78B |
| Intangible Assets | 299.5M | 300.08M | 296.04M | 298.5M | 300.03M | 292.81M | 300.53M | 302.54M | 299.35M | 304.12M | 300.46M | 309.35M | 306.52M | 310.67M | 307.41M | 314.06M | 315.02M | 318.08M | 319.25M | 319.11M |
| Long-Term Investments | 76.44M | 76.32M | 85.22M | 87.85M | 87.89M | 90.8M | 85.32M | 86.55M | 86.57M | 86.74M | -199.57M | -276.14M | 90.08M | 0 | 95.61M | 95.98M | -404.1M | -187.1M | -117.22M | -252.82M |
| Other Non-Current Assets | 52.04M | 51.94M | 53.43M | 2.67B | 51.79M | 42.77M | 42.4M | -239.06M | -243.03M | -233.34M | 38.83M | 146.11M | -345.11M | 149.08M | -143.7M | -217.06M | 144.13M | 35.8M | 37.28M | 132.72M |
| Total Assets | 5.69B | 5.6B | 5.76B | 5.78B | 5.76B | 5.53B | 5.64B | 5.7B | 5.81B | 5.85B | 5.76B | 5.95B | 6.2B | 6.56B | 6.28B | 6.32B | 6.4B | 6.37B | 6.29B | 6.25B |
| Asset Turnover | 0.21x | 0.19x | 0.05x | 0.05x | 0.23x | 0.20x | 0.05x | 0.05x | 0.22x | 0.19x | 0.04x | 0.04x | 0.19x | 0.17x | 0.04x | 0.04x | 0.18x | 0.14x | 0.03x | 0.03x |
| Asset Growth % | -1.34% | 1.24% | 2.15% | 1.39% | -0.79% | -5.41% | -2.05% | -4.19% | -6.3% | -10.93% | -8.29% | -5.86% | -3.09% | 3.06% | -0.15% | 1.07% | 1.92% | 3.31% | 16.7% | 19.2% |
| Total Current Liabilities | 1.04B | 1.32B | 1.94B | 1.67B | 1.63B | 1.79B | 1.36B | 1.11B | 1.04B | 1.23B | 1.36B | 1.13B | 986.36M | 1.29B | 1.34B | 1.11B | 829.87M | 1.16B | 1.27B | 978.4M |
| Accounts Payable | 894.95M | 142.18M | 143.12M | 139.98M | 128.61M | 138.19M | 141.91M | 141.25M | 103.45M | 130.8M | 161.58M | 148.52M | 114.16M | 179.22M | 162.37M | 151.26M | 104.1M | 137.9M | 116.5M | 98.26M |
| Days Payables Outstanding | 76.03 | 224.2 | 42.99 | 42.59 | 21.82 | 22.79 | 43.9 | 39.37 | 19.63 | 24.85 | 48.84 | 44.32 | 24.73 | 26.68 | 51.76 | 48.12 | 22.61 | 27.89 | 47.17 | 34.29 |
| Short-Term Debt | 73.51M | 109.63M | 589.74M | 599.51M | 590.38M | 584.25M | 57.05M | 59.31M | 68.47M | 69.14M | 69.66M | 69.16M | 68.97M | 69.58M | 67.81M | 63.75M | 63.74M | 63.75M | 114.8M | 114.12M |
| Deferred Revenue (Current) | 0 | 0 | 927.31M | 602.12M | 468.61M | 688.4M | 901.59M | 575.77M | 448.76M | 660.28M | 872.42M | 572.6M | 448.32M | 619.51M | 787.51M | 511.31M | 326.01M | 611.48M | 743.81M | 456.46M |
| Other Current Liabilities | 0 | 1.06B | 179.04M | 64.87M | 196.61M | 186.74M | 143.35M | -8.93M | 150.31M | 68.03M | 103.97M | 120.62M | 173.88M | 161.51M | 125.81M | 136.27M | 171.34M | 154.89M | 123.99M | 124.43M |
| Current Ratio | 0.91x | 0.62x | 0.54x | 0.63x | 0.61x | 0.47x | 0.63x | 0.82x | 1.18x | 0.96x | 0.83x | 1.07x | 1.50x | 1.37x | 1.21x | 1.61x | 2.22x | 1.53x | 1.40x | 1.78x |
| Quick Ratio | 0.79x | 0.51x | 0.46x | 0.56x | 0.54x | 0.40x | 0.51x | 0.71x | 1.08x | 0.85x | 0.72x | 0.95x | 1.40x | 1.27x | 1.10x | 1.51x | 2.11x | 1.44x | 1.32x | 1.70x |
| Cash Conversion Cycle | -37.12 | 22.47 | 92.98 | 115.95 | 14.12 | 10.65 | 87.67 | 121.69 | 17.58 | 10.42 | 83.44 | 120.46 | 12.69 | 5.43 | 71.9 | 101.84 | 12.23 | 8.95 | 112.3 | 122.73 |
| Total Non-Current Liabilities | 3.73B | 3.63B | 3.36B | 3.36B | 2.89B | 2.93B | 3.53B | 3.55B | 3.45B | 3.47B | 3.47B | 3.48B | 3.61B | 3.5B | 3.39B | 3.36B | 3.5B | 3.42B | 3.36B | 3.44B |
| Long-Term Debt | 2.95B | 2.86B | 2.58B | 2.21B | 2.11B | 2.12B | 2.71B | 2.72B | 2.7B | 2.72B | 2.73B | 2.75B | 2.77B | 2.79B | 2.77B | 2.67B | 2.69B | 2.7B | 2.7B | 2.75B |
| Capital Lease Obligations | 198.41M | 211.9M | 211.19M | 598.54M | 220.3M | 230.48M | 233.3M | 235.11M | 154.88M | 168.72M | 558.27M | 168.33M | 536.3M | 184.3M | 176.59M | 174.57M | 533.13M | 188.8M | 192.33M | 190.56M |
| Deferred Tax Liabilities | 264.65M | 264.26M | 264.26M | 252.04M | 279.26M | 278.42M | 279.69M | 327.78M | 284.67M | 286.58M | 286.04M | 276.14M | 401.24M | 288.07M | 205.86M | 268.46M | 404.1M | 282.43M | 216.05M | 320.67M |
| Other Non-Current Liabilities | 312.47M | 297.94M | 300M | 294.46M | 288.51M | 301.56M | 310.3M | 260.78M | 306.22M | 291.33M | -107.36M | 286.26M | -97.7M | 237.48M | 234.3M | 246.36M | -122.47M | 254.21M | 243.31M | 183.24M |
| Total Liabilities | 4.77B | 4.96B | 5.3B | 5.02B | 4.53B | 4.72B | 4.9B | 4.66B | 4.49B | 4.7B | 4.83B | 4.61B | 4.6B | 4.79B | 4.73B | 4.47B | 4.33B | 4.58B | 4.62B | 4.42B |
| Total Debt | 3.22B | 3.18B | 3.42B | 3.44B | 2.95B | 2.97B | 3.03B | 3.04B | 2.96B | 3B | 3.4B | 3.03B | 3.42B | 3.08B | 3.05B | 2.94B | 3.32B | 2.98B | 3.05B | 3.08B |
| Net Debt | 2.85B | 2.79B | 2.84B | 3B | 2.49B | 2.48B | 2.63B | 2.72B | 2.25B | 2.17B | 2.67B | 2.46B | 2.52B | 1.79B | 1.87B | 1.84B | 1.92B | 1.58B | 1.58B | 1.83B |
| Debt / Equity | 3.52x | 4.93x | 7.31x | 4.57x | 2.39x | 3.64x | 4.07x | 2.93x | 2.24x | 2.61x | 3.66x | 2.26x | 2.14x | 1.73x | 1.97x | 1.59x | 1.61x | 1.66x | 1.83x | 1.68x |
| Debt / EBITDA | 6.48x | 4.70x | - | - | 4.50x | 6.48x | - | - | 4.82x | 7.14x | - | - | 6.00x | 7.82x | - | - | 5.48x | 7.71x | - | - |
| Net Debt / EBITDA | 5.73x | 4.13x | - | - | 3.79x | 5.42x | - | - | 3.65x | 5.17x | - | - | 4.42x | 4.53x | - | - | 3.17x | 4.07x | - | - |
| Interest Coverage | 9.69x | 12.18x | -4.01x | -4.41x | 14.20x | 9.13x | -4.62x | -4.15x | 13.81x | 8.82x | -5.09x | -3.76x | 12.90x | 8.75x | -4.71x | -2.51x | 15.37x | 8.65x | -4.15x | -4.39x |
| Total Equity | 916.09M | 644.79M | 468.05M | 753.9M | 1.24B | 816.06M | 745.3M | 1.04B | 1.32B | 1.15B | 928.18M | 1.34B | 1.6B | 1.78B | 1.55B | 1.85B | 2.07B | 1.79B | 1.67B | 1.83B |
| Equity Growth % | -25.88% | -20.99% | -37.2% | -27.4% | -6.51% | -29.08% | -19.7% | -22.25% | -17.35% | -35.26% | -40.18% | -27.7% | -22.55% | -0.91% | -6.89% | 1.01% | 1.9% | 6.36% | 21.13% | 19.42% |
| Book Value per Share | 25.51 | 17.96 | 13.03 | 20.64 | 33.16 | 21.83 | 19.89 | 27.66 | 34.85 | 30.24 | 24.35 | 34.81 | 40.27 | 43.96 | 38.51 | 45.84 | 50.77 | 43.94 | 41.20 | 45.31 |
| Total Shareholders' Equity | 551.73M | 301.82M | 156.46M | 424.5M | 895.38M | 530.7M | 444.1M | 723.54M | 1B | 829.9M | 633.03M | 1B | 1.27B | 1.46B | 1.26B | 1.61B | 1.83B | 1.57B | 1.43B | 1.59B |
| Common Stock | 470K | 470K | 470K | 469K | 469K | 469K | 469K | 469K | 469K | 469K | 469K | 468K | 468K | 468K | 468K | 467K | 467K | 467K | 466K | 466K |
| Retained Earnings | 818.33M | 583M | 452.1M | 718.66M | 997.44M | 687.17M | 524.45M | 780.43M | 1.04B | 760.82M | 619.73M | 873.71M | 1.08B | 837.57M | 705.92M | 895.89M | 1.08B | 786.47M | 598.83M | 773.75M |
| Treasury Stock | -1.45B | -1.45B | -1.41B | -1.41B | -1.21B | -1.18B | -1.16B | -1.14B | -1.11B | -1.03B | -1.03B | -984.31M | -883.31M | -479.42M | -479.42M | -479.42M | -441.91M | -404.41M | -404.41M | -404.41M |
| Accumulated OCI | -1.32M | -8.46M | -61.73M | -57.89M | -57.07M | -134.7M | -71.44M | -67.29M | -64.64M | -29.84M | -78.38M | -10.36M | -42.43M | -8.56M | -68.91M | 10.92M | 10.76M | 10.42M | 44.69M | 27.8M |
| Minority Interest | 364.37M | 342.97M | 311.58M | 329.4M | 340.56M | 285.36M | 301.2M | 314.95M | 318.52M | 320.76M | 295.15M | 331.71M | 325.58M | 314.77M | 286.84M | 235.04M | 235.86M | 228.14M | 233.99M | 234.47M |