Masco Corporation (MAS)
Quick 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 | 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 | — | — |
| Receivables | US$ in thousands | 1,035,000 | 1,152,000 | 1,314,000 | 1,310,000 | 1,090,000 | 1,245,000 | 1,371,000 | 1,329,000 | 1,149,000 | 1,330,000 | 1,434,000 | 1,502,000 | 1,171,000 | 1,330,000 | 1,352,000 | 1,305,000 | 1,138,000 | 1,262,000 | 1,308,000 | 1,142,000 |
| 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 |
| Quick ratio | 1.07 | 1.11 | 1.04 | 1.02 | 1.02 | 1.09 | 1.00 | 0.91 | 1.09 | 1.02 | 0.94 | 1.15 | 1.56 | 1.62 | 1.63 | 1.71 | 1.96 | 2.25 | 1.11 | 1.27 |
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 some fluctuation over the period from March 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
Initially, the quick ratio was relatively stable above 1, indicating a healthy liquidity position. However, there was a significant decrease in the quick ratio from June 30, 2022, to March 31, 2023, dropping to 0.91, which may have raised concerns about the company's short-term liquidity.
Subsequently, the quick ratio improved and remained relatively stable around the range of 1.00 to 1.11 from June 30, 2023, to September 30, 2024. This suggests that Masco Corporation was able to enhance its liquidity position during this period and maintain a sufficient level of liquid assets to cover its short-term obligations.
Overall, the trend in Masco Corporation's quick ratio reflects fluctuations in liquidity management over the analyzed period. Investors and stakeholders should continue to monitor the company's ability to efficiently convert its current assets into cash to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024