Mattel Inc (MAT)
Cash 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 and cash equivalents | US$ in thousands | 1,261,360 | 455,735 | 299,918 | 461,717 | 761,235 | 348,970 | 274,534 | 536,631 | 731,362 | 148,508 | 384,743 | 615,238 | 762,181 | 452,167 | 461,557 | 499,407 | 630,028 | 218,298 | 194,125 | 380,107 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | -38 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,342,480 | 1,304,560 | 1,031,080 | 968,962 | 1,187,750 | 1,576,110 | 1,488,190 | 1,544,710 | 1,598,250 | 1,686,840 | 1,122,390 | 1,082,570 | 1,355,380 | 1,649,420 | 1,359,780 | 1,125,980 | 1,276,910 | 1,513,450 | 1,069,720 | 1,001,410 |
| Cash ratio | 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 | 0.34 | 0.44 | 0.49 | 0.14 | 0.18 | 0.38 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,261,360K
+ $—K)
÷ $1,342,480K
= 0.94
The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a company has more liquid assets available to cover its short-term obligations.
Analyzing the cash ratio of Mattel Inc over the past five quarters, we can see fluctuations in the company's liquidity position. The cash ratio ranged from 0.09 to 0.94 during this period, indicating varying levels of liquidity.
In the most recent quarter, the cash ratio was 0.94, showing a strong ability to cover short-term liabilities with cash and cash equivalents. This suggests Mattel Inc had a substantial amount of liquid assets on hand at the end of the year.
However, in previous quarters, the cash ratio was lower, with values as low as 0.09, indicating a lower level of liquidity and potentially raising concerns about the company's ability to meet short-term obligations.
Overall, Mattel Inc's cash ratio has shown fluctuations over the past five quarters, highlighting the importance of monitoring liquidity levels to ensure the company can meet its short-term financial commitments.