Marriott International Inc (MAR)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 396,000 | 394,000 | 349,000 | 429,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | 676,000 | — | — | — | — | — | — | — | — | — | 390,000 | 407,000 | 410,000 | 422,000 | 517,000 | — | — |
| Receivables | US$ in thousands | 2,795,000 | 2,920,000 | 2,847,000 | 2,747,000 | 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 |
| 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 |
| Quick ratio | 0.37 | 0.39 | 0.39 | 0.47 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($396,000K
+ $—K
+ $2,795,000K)
÷ $8,649,000K
= 0.37
The quick ratio of Marriott International Inc has shown fluctuations over the given period. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets.
From March 31, 2020, to June 30, 2022, the quick ratio ranged between 0.41 and 0.65. This indicates some variability in the company's ability to cover its current liabilities with its quick assets. The decrease in the ratio from 0.64 on June 30, 2020, to 0.39 on June 30, 2024, suggests that Marriott may be facing challenges in maintaining an optimal level of liquidity.
Overall, while the quick ratio has fluctuated, it is essential to assess the trend over a longer period to gain a more comprehensive understanding of Marriott International Inc's liquidity position.
Peer comparison
Dec 31, 2024