Masco Corporation (MAS)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 634,000 | 634,000 | 452,000 | 926,000 | 1,326,000 |
| Short-term investments | US$ in thousands | — | — | 452,000 | 926,000 | 1,326,000 |
| Receivables | US$ in thousands | 1,035,000 | 1,090,000 | 1,149,000 | 1,171,000 | 1,138,000 |
| Total current liabilities | US$ in thousands | 1,560,000 | 1,695,000 | 1,889,000 | 1,939,000 | 1,934,000 |
| Quick ratio | 1.07 | 1.02 | 1.09 | 1.56 | 1.96 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($634,000K
+ $—K
+ $1,035,000K)
÷ $1,560,000K
= 1.07
The quick ratio of Masco Corporation has shown a decreasing trend over the years, declining from 1.96 as of December 31, 2020, to 1.56 as of December 31, 2021, and further dropping to 1.09 as of December 31, 2022. This suggests a potential deterioration in the company's ability to meet its short-term obligations using its most liquid assets. Subsequently, the quick ratio continued to decline, reaching 1.02 as of December 31, 2023. However, there was a slight improvement as of December 31, 2024, with the quick ratio increasing to 1.07. It is advisable for stakeholders to closely monitor this trend and assess the company's liquidity position in the future.
Peer comparison
Dec 31, 2024