Marriott International Inc (MAR)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 396,000 | 394,000 | 349,000 | 429,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | 676,000 | — | — | — | — | — | — | — | — | — | 390,000 | 407,000 | 410,000 | 422,000 | 517,000 | — | — |
| Total current liabilities | US$ in thousands | 8,649,000 | 8,518,000 | 8,283,000 | 8,170,000 | 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 |
| Cash ratio | 0.05 | 0.05 | 0.04 | 0.14 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($396,000K
+ $—K)
÷ $8,649,000K
= 0.05
The cash ratio of Marriott International Inc has fluctuated over the past few years, ranging from 0.04 to 0.37. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position, suggesting the company has sufficient cash on hand to meet its immediate obligations.
Analyzing the trend of Marriott's cash ratio, we can observe that there was a significant decrease in the cash ratio from June 2022 to December 2023, reaching a low of 0.04. This could indicate potential challenges in managing short-term liquidity during this period.
However, there was a slight improvement in the cash ratio from March 2024 to September 2024, which may suggest the company took steps to bolster its cash position. Overall, maintaining a healthy cash ratio is essential for Marriott to ensure it can meet its short-term financial commitments and navigate any unforeseen financial challenges effectively.
Peer comparison
Dec 31, 2024