Marriott International Inc (MAR)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 338,000 | 717,000 | 563,000 | 554,000 | 507,000 | 1,045,000 | 546,000 | 1,042,000 | 1,393,000 | 772,000 | 664,000 | 628,000 | 877,000 | 1,577,000 | 2,283,000 | 1,760,000 | 225,000 | 276,000 | 284,000 | 258,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 390,000 | 407,000 | 410,000 | 422,000 | 517,000 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 7,762,000 | 7,677,000 | 7,520,000 | 6,969,000 | 7,339,000 | 7,112,000 | 6,853,000 | 6,422,000 | 6,407,000 | 6,019,000 | 6,121,000 | 5,914,000 | 5,752,000 | 6,006,000 | 6,118,000 | 6,516,000 | 6,677,000 | 5,738,000 | 5,624,000 | 5,848,000 |
| Cash ratio | 0.04 | 0.09 | 0.07 | 0.08 | 0.07 | 0.15 | 0.08 | 0.16 | 0.22 | 0.19 | 0.17 | 0.18 | 0.23 | 0.35 | 0.37 | 0.27 | 0.03 | 0.05 | 0.05 | 0.04 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($338,000K
+ $—K)
÷ $7,762,000K
= 0.04
The cash ratio represents the proportion of cash and cash equivalents to current liabilities, indicating the company's ability to cover its short-term obligations with its most liquid assets. Analyzing Marriott International, Inc.'s cash ratio over the past eight quarters reveals fluctuations in its liquidity position.
In Q4 2023, the cash ratio was 0.08, indicating that Marriott had $0.08 in cash and cash equivalents for every dollar of current liabilities. This suggests a relatively lower liquidity position compared to previous quarters. However, the ratio increased to 0.13 in Q3 2023, showing an improvement in liquidity compared to the previous quarter.
In Q2 and Q1 2023, the cash ratio remained stable at 0.12, indicating Marriott's consistent ability to cover its short-term obligations with available cash. Looking back at Q4 2022, the ratio was 0.10, slightly lower than in Q1 2023, suggesting some improvement in liquidity over the last year.
The highest cash ratio observed in the past eight quarters was 0.20 in Q1 2022, indicating a stronger liquidity position at that time. Notably, Q3 2022 also showed a relatively high cash ratio of 0.18, reflecting Marriott's ability to efficiently manage its short-term obligations.
Overall, Marriott International, Inc.'s cash ratio has shown variability over the past eight quarters, with fluctuations reflecting changes in the company's cash position and short-term liabilities. Monitoring this ratio can provide insights into Marriott's liquidity management and financial health.
Peer comparison
Dec 31, 2023