Marriott International Inc (MAR)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 225,000 | 276,000 | 284,000 | 258,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 390,000 | 407,000 | 410,000 | 422,000 | 517,000 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 2,712,000 | 2,703,000 | 2,565,000 | 2,462,000 | 2,571,000 | 2,378,000 | 2,282,000 | 2,112,000 | 1,982,000 | 2,042,000 | 1,933,000 | 1,963,000 | 1,768,000 | 1,791,000 | 1,621,000 | 2,068,000 | 2,395,000 | 2,394,000 | 2,328,000 | 2,218,000 |
| 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 |
| Quick ratio | 0.39 | 0.45 | 0.42 | 0.43 | 0.42 | 0.48 | 0.41 | 0.49 | 0.53 | 0.53 | 0.49 | 0.51 | 0.53 | 0.65 | 0.64 | 0.59 | 0.39 | 0.47 | 0.46 | 0.42 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($338,000K
+ $—K
+ $2,712,000K)
÷ $7,762,000K
= 0.39
The quick ratio of Marriott International, Inc. has fluctuated over the past eight quarters. The quick ratio measures the company's ability to cover its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
In the most recent quarter, Q4 2023, the quick ratio declined to 0.43 from 0.48 in Q3 2023. This suggests that Marriott may have reduced liquidity to cover its short-term obligations in the latest quarter compared to the previous quarter.
Looking at the trend over the last year, the quick ratio has generally been in the range of 0.43 to 0.53, with some fluctuations. The lowest quick ratio was recorded in Q4 2022 at 0.45.
Overall, Marriott's quick ratio trend indicates that the company has had varying abilities to meet its short-term obligations with its liquid assets. It is essential for investors and stakeholders to monitor this ratio to assess Marriott's liquidity position and financial health.
Peer comparison
Dec 31, 2023