Marriott International Inc (MAR)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 3,127,000 | 2,900,000 | 2,869,000 | 2,735,000 |
| 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 |
| Current ratio | 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 | 0.47 | 0.51 | 0.51 | 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 some fluctuations over the past eight quarters, ranging from a low of 0.43 in Q4 2023 to a high of 0.53 in Q1 2022. This ratio indicates the company's ability to meet its short-term obligations with its current assets. A current ratio below 1 suggests that the company may have difficulty meeting its short-term liabilities, while a ratio above 1 indicates a healthy liquidity position.
The current ratio of Marriott International, Inc. has generally been below 1 over the analyzed period, which may raise concerns about the company's short-term liquidity. The decreasing trend from Q1 2022 to Q4 2023 suggests a potential deterioration in the company's ability to cover its current liabilities with its current assets. Further investigation into the components of current assets and liabilities would be needed to understand the underlying reasons for these fluctuations in the current ratio.
Overall, based on the current ratio data provided, Marriott International, Inc. should closely monitor and manage its short-term liquidity position to ensure it can meet its financial obligations as they come due.
Peer comparison
Dec 31, 2023