Vail Resorts (FRA:VAI) Interest Coverage: 9.89 (As of Apr. 2026) — 163% Above Median


FRA:VAI Vail Resorts Inc FRA:VAI
70 GF Score
Price €118.00
GF Value €155.16
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Vail Resorts Interest Coverage?

Vail Resorts FRA:VAI +0.85% 70 Interest Coverage is 9.89 as of Apr. 2026, which is 163% above its 10-year median of 3.76. GuruFocus rates FRA:VAI with a GF Score™ of 70/100 and a GF Value™ of €155.16 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 607 Travel & Leisure companies, Vail Resorts ranks worse than 74.46% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Vail Resorts's Operating Income for the three months ended in Apr. 2026 was €434 Mil. Vail Resorts's Interest Expense for the three months ended in Apr. 2026 was €-44 Mil. Vail Resorts's interest coverage for the quarter that ended in Apr. 2026 was 9.89. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Vail Resorts's Interest Coverage or its related term are showing as below:

FRA:VAI' s Interest Coverage Range Over the Past 10 Years
Min: 1.85   Med: 3.76   Max: 7.31
Current: 2.23


FRA:VAI's Interest Coverage is ranked worse than
74.46% of 607 companies
in the Travel & Leisure industry
Industry Median: 5.35 vs FRA:VAI: 2.23

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Vail Resorts  (FRA:VAI) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Vail Resorts Interest Coverage Related Terms


Vail Resorts Interest Coverage Historical Data

* Premium members only.

The historical data trend for Vail Resorts's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Vail Resorts Interest Coverage Chart

Vail Resorts Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.85 3.89 3.62 3.28 3.13

Vail Resorts Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.59 0.00 0.00 7.00 9.89

FRA:VAI vs HGV, RRR, CZR: Interest Coverage Comparison

For the Resorts & Casinos subindustry, Vail Resorts's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vail Resorts Interest Coverage vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Vail Resorts's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Vail Resorts's Interest Coverage falls into.


FRA:VAI
70GF Score
Vail Resorts Inc FRA:VAI
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vail Resorts Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Vail Resorts's Interest Coverage for the fiscal year that ended in Jul. 2025 is calculated as

Here, for the fiscal year that ended in Jul. 2025, Vail Resorts's Interest Expense was €-147 Mil. Its Operating Income was €461 Mil. And its Long-Term Debt & Capital Lease Obligation was €2,408 Mil.

Interest Coverage=-1* Operating Income (A: Jul. 2025 )/Interest Expense (A: Jul. 2025 )
=-1*461.068/-147.085
=3.13

Vail Resorts's Interest Coverage for the quarter that ended in Apr. 2026 is calculated as

Here, for the three months ended in Apr. 2026, Vail Resorts's Interest Expense was €-44 Mil. Its Operating Income was €434 Mil. And its Long-Term Debt & Capital Lease Obligation was €2,692 Mil.

Interest Coverage=-1* Operating Income (Q: Apr. 2026 )/Interest Expense (Q: Apr. 2026 )
=-1*433.781/-43.877
=9.89

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 9.89 mean?
Vail Resorts (FRA:VAI) has a Interest Coverage of 9.89 as of Apr. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Vail Resorts and its competitors. This is 163% above median its historical median of 3.76. Over the past decade, Vail Resorts' Interest Coverage has ranged from 1.85 to 7.31. According to the industry distribution chart, Vail Resorts ranks #452 out of 607 companies in the Travel & Leisure industry, placing it in the top 74.5%.
Is Vail Resorts' Interest Coverage too high?
Vail Resorts' current Interest Coverage of 9.89 is 163% above median its 10-year median of 3.76. Over the past 10 years, this metric has ranged from a low of 1.85 to a high of 7.31. The Travel & Leisure industry median Interest Coverage is 5.35. Vail Resorts' value of 9.89 is 84.9% above this industry median. Based on the distribution chart, Vail Resorts ranks #452 out of 607 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Vail Resorts has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vail Resorts' Interest Coverage compare to HGV and RRR?
According to the Travel & Leisure industry distribution chart, Vail Resorts ranks #452 out of 607 companies for Interest Coverage. This places Vail Resorts in the lower half of its industry. The industry median Interest Coverage is 5.35. Vail Resorts' value of 9.89 is 84.9% above this benchmark. Historically, Vail Resorts' own Interest Coverage has ranged from 1.85 to 7.31 over the past decade. While the company's 10-year median is 3.76 vs. the industry median of 5.35, Vail Resorts has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Travel & Leisure company?
The median Interest Coverage among Travel & Leisure companies is 5.35, based on 607 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vail Resorts's current Interest Coverage of 9.89 is 84.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Vail Resorts and its competitors. For the Travel & Leisure industry, the median Interest Coverage is 5.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vail Resorts's current Interest Coverage is 9.89, which is 163% above median its own 10-year median of 3.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vail Resorts stock overvalued right now?
Based on GuruFocus' analysis, Vail Resorts (FRA:VAI) is currently considered Modestly Undervalued. The stock's GF Value™ is €155.16, compared to a current price of €118.00 — trading 23.9% below its estimated fair value. The current Interest Coverage is 9.89, which is 163% above median its 10-year median of 3.76 and 84.9% above the Travel & Leisure industry median of 5.35. Vail Resorts' overall GF Score™ is 70/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Vail Resorts (FRA:VAI), the current Interest Coverage is 9.89 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Vail Resorts (FRA:VAI) Overvalued in 2026?

Based on GuruFocus' analysis, Vail Resorts stock appears to be undervalued. The current stock price of €118.00 is trading 23.9% below its estimated GF Value™ of €155.16. GuruFocus considers Vail Resorts to be Modestly Undervalued.

Key valuation signals for FRA:VAI:

  • Interest Coverage: 9.89 (163% above median its 10-year median of 3.76)
  • GF Value™: €155.16 vs. price of €118.00 (23.9% below fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 84.9% above the Travel & Leisure median (#452 of 607)

No single metric tells the full story. See the FRA:VAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vail Resorts Business Description

Other Exchanges MTN:USAMTN:Mexico0LK3:UK
Address 390 Interlocken Crescent, Broomfield, CO, USA, 80021
Vail Resorts Inc Bhd is a resorts and casinos company that operates mountain resorts and ski areas. The company has three business segments that include Mountain, Lodging, and Real Estate. The Mountain segment operates numerous ski resort properties that offer a variety of winter and summer activities, such as skiing, snowboarding, snowshoeing, hiking, and mountain biking. The Lodging segment owns and operates hotels and condominiums. The Real Estate segment owns, develops, and leases real estate, typically near its other properties. The company generates the vast majority of its revenue within the United States.
70GF Score

Get the complete analysis for FRA:VAI

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€118.00
Price
€155.16
GF Value