Mattel Inc (MAT)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,261,360 | 761,235 | 731,362 | 762,181 | 630,028 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 1,081,830 | 860,221 | 1,072,680 | 1,033,970 | 936,359 |
| Total current liabilities | US$ in thousands | 1,342,480 | 1,187,750 | 1,598,250 | 1,355,380 | 1,276,910 |
| Quick ratio | 1.75 | 1.37 | 1.13 | 1.33 | 1.23 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,261,360K
+ $—K
+ $1,081,830K)
÷ $1,342,480K
= 1.75
The quick ratio of Mattel Inc has shown fluctuating trends over the last five years. The ratio increased from 1.23 in 2019 to 1.33 in 2020, indicating a slight improvement in the company's ability to cover its short-term obligations with its most liquid assets. However, in 2021, there was a notable decrease in the quick ratio to 1.13, suggesting potential liquidity challenges.
The quick ratio rebounded in 2022 to 1.37, indicating an improvement in the company's liquidity position compared to the previous year. Furthermore, the ratio experienced a significant increase to 1.75 in 2023, signaling a further enhancement in Mattel's ability to meet its short-term obligations using its quick assets.
Overall, while the quick ratio has shown fluctuations, the recent improvement to 1.75 in 2023 suggests an enhanced liquidity position for Mattel Inc, indicating its ability to comfortably cover its short-term liabilities with its liquid assets.