Masco Corporation (MAS)

Cash 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 and cash equivalents US$ in thousands 634,000 560,000 380,000 510,000 452,000 464,000 440,000 479,000 926,000 854,000 769,000 838,000 1,326,000 1,326,000 1,089,000 767,000 697,000 475,000 325,000 316,000
Short-term investments US$ in thousands 452,000 464,000 440,000 479,000 926,000 854,000 769,000 838,000 1,326,000 1,326,000
Total current liabilities US$ in thousands 1,695,000 1,662,000 1,749,000 2,018,000 1,889,000 2,224,000 2,467,000 2,136,000 1,939,000 1,879,000 1,778,000 1,748,000 1,934,000 1,737,000 2,154,000 1,504,000 1,548,000 1,909,000 1,953,000 1,929,000
Cash ratio 0.37 0.34 0.22 0.25 0.48 0.42 0.36 0.45 0.96 0.91 0.87 0.96 1.37 1.53 0.51 0.51 0.45 0.25 0.17 0.16

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($634,000K + $—K) ÷ $1,695,000K
= 0.37

The cash ratio of Masco Corp. has shown some fluctuations over the past eight quarters. The cash ratio measures the company's ability to cover its short-term liabilities with cash and cash equivalents.

In Q4 2023, the cash ratio stood at 0.44, which indicates that Masco Corp. had $0.44 in cash and cash equivalents for every $1 of current liabilities. This figure improved from the previous quarter's ratio of 0.40, signifying a strengthened short-term liquidity position.

Looking back further, in Q2 2023, the cash ratio dipped to 0.28, indicating a lower level of liquidity compared to the current quarter. Conversely, in Q2 2022, the cash ratio was at 0.23, suggesting that Masco Corp. had improved its ability to cover short-term obligations since then.

Overall, the trend in Masco Corp.'s cash ratio demonstrates fluctuations in its short-term liquidity position over the quarters, with improvements in some periods and declines in others. It is essential for the company to closely monitor and manage its cash levels to ensure it can meet its short-term obligations effectively.


Peer comparison

Dec 31, 2023

Company name
Symbol
Cash ratio
Masco Corporation
MAS
0.37
Sunrun Inc
RUN
0.46