Mativ Holdings Inc. (MATV)

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 120,200 84,700 107,600 97,000 101,100 82,300 56,300 56,100 74,700 73,600 65,900 63,700 54,700 66,300 63,900 126,700 103,000 84,900 87,800 83,400
Short-term investments US$ in thousands 500 500 23,300 200 200 65,000 64,000 60,000 59,000 53,000
Total current liabilities US$ in thousands 281,400 403,500 426,200 468,500 466,200 439,300 242,800 243,400 231,100 246,600 244,400 157,700 166,900 159,300 136,700 142,400 157,600 144,500 142,100 139,700
Cash ratio 0.43 0.21 0.25 0.21 0.27 0.19 0.23 0.23 0.32 0.56 0.53 0.78 0.68 0.75 0.47 0.89 0.65 0.59 0.62 0.60

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($120,200K + $—K) ÷ $281,400K
= 0.43

The cash ratio of Mativ Holdings Inc has shown fluctuations over the past eight quarters. As of Q4 2023, the cash ratio stands at 0.54, indicating that the company has $0.54 in cash and cash equivalents for every $1 of current liabilities. This marks a significant improvement from the previous quarter, Q3 2023, where the cash ratio was 0.28.

The upward trend in the cash ratio from Q3 2023 to Q4 2023 suggests that Mativ Holdings Inc has strengthened its liquidity position by increasing its cash reserves relative to its short-term obligations. This may indicate improved financial health and the ability to meet its immediate payment requirements more comfortably.

Comparing the current cash ratio to historical data, we observe that the Q4 2023 ratio of 0.54 is notably higher than the ratios of the past quarters, reflecting a positive liquidity trend for the company. However, further analysis of the company's overall financial health, including other liquidity ratios and operational performance, would provide a more comprehensive assessment.


Peer comparison

Dec 31, 2023

Company name
Symbol
Cash ratio
Mativ Holdings Inc.
MATV
0.43
International Paper
IP
0.28
Sylvamo Corp
SLVM
0.32