Mativ Holdings Inc. (MATV)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 712,500 | 974,700 | 594,600 | 396,400 | 427,500 |
| Total current liabilities | US$ in thousands | 281,400 | 466,200 | 231,100 | 166,900 | 157,600 |
| Current ratio | 2.53 | 2.09 | 2.57 | 2.38 | 2.71 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $712,500K ÷ $281,400K
= 2.53
The current ratio of Mativ Holdings Inc has fluctuated over the past five years, ranging from 2.09 in 2022 to 2.71 in 2019. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A higher current ratio indicates that the company has more current assets relative to its current liabilities, suggesting a stronger liquidity position.
In 2023, the current ratio improved to 2.53 compared to the previous year, indicating that Mativ Holdings Inc has enhanced its ability to meet its short-term debt obligations with its current assets. Despite the fluctuations in the current ratio over the years, the company has generally maintained a healthy liquidity position, which is crucial for meeting its financial obligations and potential unexpected expenses in the short term.
It is essential for stakeholders and investors to continue monitoring the current ratio of Mativ Holdings Inc to assess its liquidity position and financial health over time.
Peer comparison
Dec 31, 2023