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