Marriott International Inc (MAR)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,311,000 | 3,313,000 | 3,626,000 | 2,825,000 | 3,127,000 |
| Total current liabilities | US$ in thousands | 7,762,000 | 7,339,000 | 6,407,000 | 5,752,000 | 6,677,000 |
| Current ratio | 0.43 | 0.45 | 0.57 | 0.49 | 0.47 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,311,000K ÷ $7,762,000K
= 0.43
The current ratio of Marriott International, Inc. has exhibited fluctuations over the past five years. The ratio indicates the company's ability to cover its short-term obligations with its current assets.
In 2023, the current ratio decreased to 0.43 from 0.45 in 2022, indicating a potential decline in the company's short-term liquidity compared to the prior year. This decrease may raise concerns about Marriott's ability to meet its current liabilities using its current assets efficiently.
Comparing 2023 to 2021, the current ratio has declined significantly from 0.57 to 0.43, suggesting a weakening ability to cover short-term obligations. This trend might indicate potential challenges in managing working capital effectively or a strain on liquidity.
Although the current ratio improved slightly from 2020 to 2021, the overall trend over the five years shows fluctuations in the company's short-term liquidity position. It's essential for Marriott to closely monitor and manage its current assets and liabilities to ensure it has the necessary resources to meet its short-term obligations.
Peer comparison
Dec 31, 2023