Mativ Holdings Inc. (MATV)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 712,500 | 914,400 | 963,200 | 1,005,200 | 974,700 | 1,064,000 | 653,700 | 638,000 | 594,600 | 609,800 | 578,700 | 428,100 | 396,400 | 422,400 | 404,400 | 473,700 | 427,500 | 418,900 | 441,700 | 430,400 |
| 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 |
| Current ratio | 2.53 | 2.27 | 2.26 | 2.15 | 2.09 | 2.42 | 2.69 | 2.62 | 2.57 | 2.47 | 2.37 | 2.71 | 2.38 | 2.65 | 2.96 | 3.33 | 2.71 | 2.90 | 3.11 | 3.08 |
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 eight quarters, ranging from 2.09 to 2.69. In Q3 and Q4 of 2023, the company's current ratio improved, reaching 2.27 and 2.53, respectively, indicating that the company's short-term liquidity position strengthened during this period. However, the current ratio was relatively lower in Q1 and Q2 of 2023, standing at 2.15 and 2.26, respectively.
Overall, Mativ Holdings Inc has maintained a current ratio above 2 in most quarters, suggesting that the company has a comfortable level of current assets to cover its short-term liabilities. A current ratio of 2 or higher is generally considered healthy, as it indicates that the company is able to meet its current obligations using its current assets. It is essential for the company to continue monitoring and managing its current assets and liabilities to ensure its liquidity position remains stable in the future.
Peer comparison
Dec 31, 2023