Mattel Inc (MAT)
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 | 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 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,081,830 | 1,571,050 | 890,882 | 673,844 | 860,221 | 1,381,530 | 989,194 | 862,236 | 1,072,680 | 1,437,900 | 784,084 | 680,642 | 1,033,970 | 1,326,130 | 650,502 | 528,522 | 936,359 | 1,291,260 | 755,698 | 624,477 |
| 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 |
| Quick ratio | 1.75 | 1.55 | 1.15 | 1.17 | 1.37 | 1.10 | 0.85 | 0.91 | 1.13 | 0.94 | 1.04 | 1.20 | 1.33 | 1.08 | 0.82 | 0.91 | 1.23 | 1.00 | 0.89 | 1.00 |
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, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that a company has more liquid assets than current liabilities, which is generally a positive sign.
Looking at the quick ratio trend for Mattel Inc based on the provided data, we can observe fluctuations over the past few quarters. The quick ratio has ranged from a low of 0.82 to a high of 1.75.
In recent quarters, the quick ratio has shown improvement, reaching a peak of 1.75 in the most recent period, indicating that Mattel has significantly strengthened its ability to cover its short-term obligations with its liquid assets. This suggests efficient management of current assets relative to current liabilities.
However, there have been periods where the quick ratio dipped below 1, such as in the third quarter of 2020 and the second quarter of 2022. During these times, the company may have faced challenges in meeting its short-term financial obligations with its available liquid assets.
It is important to continue monitoring the quick ratio to ensure that Mattel maintains a healthy level of liquidity to meet its short-term obligations efficiently. Overall, the improving trend in the quick ratio is a positive indicator of the company's liquidity management in recent quarters.