Masco Corporation (MAS)
Quick 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 | 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 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 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 | 997,000 | 1,177,000 | 1,423,000 | 1,321,000 |
| 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 |
| Quick ratio | 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 | 1.09 | 0.87 | 0.90 | 0.85 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($634,000K
+ $—K
+ $1,090,000K)
÷ $1,695,000K
= 1.02
The quick ratio of Masco Corp. has shown a fluctuating trend over the past eight quarters. In Q4 2023, the quick ratio was 1.08, indicating that the company had $1.08 in liquid assets available to cover each $1 of current liabilities. This suggests that Masco Corp. had a strong ability to meet its short-term obligations using its most liquid assets.
Comparing this to the quick ratios of the previous quarters, there have been variations in the company's liquidity position. The quick ratio ranged from 0.81 in Q2 2022 to 1.15 in Q3 2023. In Q2 and Q3 of 2022, the quick ratio was below 1, indicating potential liquidity concerns as the company may have struggled to meet its short-term obligations with its readily available liquid assets.
However, there has been an improvement in the quick ratio since then, reaching its peak in Q3 2023 at 1.15 before slightly declining to 1.08 in Q4 2023. This upward trend suggests that Masco Corp. has strengthened its liquidity position over the past few quarters, which is a positive sign for its financial health.
Overall, the quick ratio analysis indicates that Masco Corp. has shown improvement in its ability to meet short-term obligations with its liquid assets, although continued monitoring of this ratio is essential to ensure sustained liquidity stability.
Peer comparison
Dec 31, 2023