Masco Corporation (MAS)
Cash 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 and cash equivalents | US$ in thousands | 634,000 | 646,000 | 398,000 | 368,000 | 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 |
| 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 | 1,560,000 | 1,618,000 | 1,645,000 | 1,641,000 | 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 |
| Cash ratio | 0.41 | 0.40 | 0.24 | 0.22 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($634,000K
+ $—K)
÷ $1,560,000K
= 0.41
The cash ratio of Masco Corporation has shown fluctuations over the years, indicating the company's ability to cover its current liabilities with cash and cash equivalents. The ratio was relatively stable around 0.5 in the beginning of 2020 and then significantly improved to around 1.5 by September 30, 2020. However, the ratio decreased gradually over the following quarters, reaching as low as 0.22 by June 30, 2023.
Subsequently, there was a slight increase in the cash ratio, but it remained below 1, signaling a potential liquidity risk for the company. However, by September 30, 2024, the cash ratio improved to 0.40 and further increased to 0.41 by December 31, 2024.
Overall, Masco Corporation's cash ratio has displayed variability, with periods of stronger liquidity position followed by potential liquidity challenges. Investors and stakeholders should pay attention to the trend of the cash ratio to assess the company's ability to meet its short-term obligations.
Peer comparison
Dec 31, 2024