Mattel Inc (MAT)
Cash 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 and cash equivalents | US$ in thousands | 1,387,910 | 723,532 | 722,410 | 1,130,220 | 1,261,360 | 455,700 | 299,900 | 461,700 | 761,200 | 349,000 | 274,500 | 536,600 | 731,400 | 148,500 | 384,700 | 615,200 | 762,200 | 452,200 | 461,600 | 499,400 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | -38 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,315,720 | 1,298,620 | 1,011,160 | 1,099,110 | 1,342,480 | 1,304,600 | 1,031,100 | 969,000 | 1,187,700 | 1,576,100 | 1,488,200 | 1,544,700 | 1,598,300 | 1,600,800 | 1,122,400 | 1,082,600 | 1,355,400 | 1,658,400 | 1,381,600 | 1,126,000 |
| Cash ratio | 1.05 | 0.56 | 0.71 | 1.03 | 0.94 | 0.35 | 0.29 | 0.48 | 0.64 | 0.22 | 0.18 | 0.35 | 0.46 | 0.09 | 0.34 | 0.57 | 0.56 | 0.27 | 0.33 | 0.44 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,387,910K
+ $—K)
÷ $1,315,720K
= 1.05
The cash ratio of Mattel Inc has fluctuated over the past several quarters. As of December 31, 2024, the cash ratio stood at 1.05, indicating that the company had $1.05 in cash and cash equivalents for every dollar of current liabilities. This high cash ratio suggests that Mattel Inc has a strong ability to cover its short-term obligations with its readily available cash.
The trend of the cash ratio over the previous quarters shows variability, with peaks and drops. Notably, the cash ratio reached its lowest point on September 30, 2021, at 0.09, indicating a potential liquidity strain during that period. However, the ratio improved significantly in subsequent periods, reaching its highest point on December 31, 2023, at 0.94, and then further increasing by the end of December 31, 2024.
Overall, the trend in the cash ratio suggests that Mattel Inc has managed its liquidity position quite well, with the ability to weather short-term financial challenges and meet its current obligations effectively. It is important for the company to maintain a healthy cash position to ensure financial stability and flexibility in the face of unforeseen events or economic fluctuations.