Mattel Inc (MAT)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,122,350 | 3,042,100 | 2,423,740 | 2,366,330 | 2,729,040 | 3,083,160 | 2,714,450 | 2,635,700 | 2,874,530 | 2,715,150 | 2,173,830 | 2,109,540 | 2,496,690 | 2,615,710 | 2,014,140 | 1,807,090 | 2,247,970 | 2,437,000 | 1,915,520 | 1,895,090 |
| 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 |
| Current ratio | 2.33 | 2.33 | 2.35 | 2.44 | 2.30 | 1.96 | 1.82 | 1.71 | 1.80 | 1.61 | 1.94 | 1.95 | 1.84 | 1.59 | 1.48 | 1.60 | 1.76 | 1.61 | 1.79 | 1.89 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,122,350K ÷ $1,342,480K
= 2.33
The current ratio for Mattel Inc has shown fluctuations over the past few quarters. The current ratio measures the company's ability to pay its short-term obligations with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities.
Based on the data provided, we can see that Mattel Inc's current ratio has generally been above 1, indicating a healthy liquidity position. The current ratio has been consistently improving from 2019 to the first half of 2022, peaking at 2.44 in March 2023. However, there was a slight decline in the most recent quarter, with the current ratio at 2.33 in December 2023.
Overall, the current ratio indicates that Mattel Inc has a strong ability to meet its short-term obligations with its current assets. It is important to monitor future trends in the current ratio to ensure continued liquidity and financial stability for the company.