Marriott International Inc (MAR)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,485,000 | 3,311,000 | 3,313,000 | 3,626,000 | 2,825,000 |
| Total current liabilities | US$ in thousands | 8,649,000 | 7,762,000 | 7,339,000 | 6,407,000 | 5,752,000 |
| Current ratio | 0.40 | 0.43 | 0.45 | 0.57 | 0.49 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,485,000K ÷ $8,649,000K
= 0.40
The current ratio of Marriott International Inc shows a fluctuating trend over the past five years. As of December 31, 2020, the current ratio was 0.49, indicating that the company had $0.49 in current assets to cover every $1 of current liabilities. The ratio improved slightly to 0.57 by December 31, 2021, suggesting a better liquidity position.
However, in the subsequent years, there was a downward trend in the current ratio. By December 31, 2022, the ratio decreased to 0.45, and further declined to 0.43 by December 31, 2023. The most recent data as of December 31, 2024, shows a current ratio of 0.40, indicating a significant decrease in liquidity.
Overall, the downward trend in the current ratio of Marriott International Inc may raise concerns about the company's ability to meet its short-term obligations with its current assets. This trend suggests a potential risk in managing liquidity and working capital effectively. Further analysis of the company's current assets and liabilities is recommended to understand the reasons behind this deteriorating trend and to assess the overall financial health of the organization.
Peer comparison
Dec 31, 2024