Marriott International Inc (MAR)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,485,000 | 3,573,000 | 3,500,000 | 3,450,000 | 3,311,000 | 3,682,000 | 3,444,000 | 3,264,000 | 3,313,000 | 3,684,000 | 3,106,000 | 3,418,000 | 3,626,000 | 2,990,000 | 2,799,000 | 2,672,000 | 2,825,000 | 3,540,000 | 4,113,000 | 4,049,000 |
| 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 |
| Current ratio | 0.40 | 0.42 | 0.42 | 0.42 | 0.43 | 0.48 | 0.46 | 0.47 | 0.45 | 0.52 | 0.45 | 0.53 | 0.57 | 0.50 | 0.46 | 0.45 | 0.49 | 0.59 | 0.67 | 0.62 |
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 has been fluctuating over the past few years. It started at a relatively low level of 0.62 as of March 31, 2020, rose slightly to 0.67 by June 30, 2020, then decreased to 0.49 by December 31, 2020. The ratio continued to decline to 0.45 as of March 31, 2021, and improved slightly to 0.46 by June 30, 2021. However, the ratio remained below 0.50 until September 30, 2021, when it increased to 0.50.
There was a further improvement in the current ratio to 0.57 by December 31, 2021, but it decreased again to 0.53 by March 31, 2022. The ratio dropped to 0.45 as of June 30, 2022, before rebounding to 0.52 by September 30, 2022. However, by December 31, 2022, the ratio declined to 0.45 once more.
The trend continued with slight fluctuations in the subsequent quarters, with the current ratio oscillating around 0.45 to 0.48 until December 31, 2024, when the ratio decreased to 0.40. This downward trend in the current ratio may indicate potential liquidity challenges for Marriott International Inc as their current assets may not be sufficient to cover their current liabilities. Management may need to closely monitor and manage their liquidity position to ensure the company's financial health and stability.
Peer comparison
Dec 31, 2024