Masco Corporation (MAS)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,730,000 | 2,856,000 | 2,946,000 | 3,422,000 | 3,489,000 |
| Total current liabilities | US$ in thousands | 1,560,000 | 1,695,000 | 1,889,000 | 1,939,000 | 1,934,000 |
| Current ratio | 1.75 | 1.68 | 1.56 | 1.76 | 1.80 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,730,000K ÷ $1,560,000K
= 1.75
The current ratio of Masco Corporation has shown a fluctuating trend over the past five years. As of December 31, 2020, the current ratio stood at a healthy 1.80, indicating that the company had $1.80 in current assets to cover each dollar of current liabilities.
However, there was a slight decrease in the current ratio to 1.76 by December 31, 2021, suggesting a potential strain on the company's ability to meet its short-term obligations. This trend continued into the following year, with the current ratio declining further to 1.56 as of December 31, 2022.
By December 31, 2023, Masco Corporation saw an improvement in its current ratio, which increased to 1.68. This uptick may indicate a better liquidity position compared to the previous year. In the most recent year, December 31, 2024, the current ratio rose slightly to 1.75, although it remains below the levels seen in 2020.
Overall, Masco Corporation's current ratio has displayed some volatility, with fluctuations suggesting varying levels of liquidity and ability to meet short-term obligations. It would be important for the company to carefully manage its current assets and liabilities to maintain a healthy liquidity position in the future.
Peer comparison
Dec 31, 2024