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