Mativ Holdings Inc. (MATV)

Liquidity ratios

	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Current ratio	2.40	2.37	2.46	2.54	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
Quick ratio	0.34	0.49	0.44	0.43	0.43	0.21	0.25	0.21	0.27	0.19	0.23	0.23	0.32	0.30	0.27	0.78	0.68	0.42	0.47	0.89
Cash ratio	0.34	0.49	0.44	0.43	0.43	0.21	0.25	0.21	0.27	0.19	0.23	0.23	0.32	0.30	0.27	0.78	0.68	0.42	0.47	0.89

Mativ Holdings Inc.'s current ratio has displayed a relatively stable trend over the years, ranging from 2.09 to 3.33. This indicates that the company has maintained a strong ability to cover its short-term liabilities with its current assets.

On the other hand, the quick ratio of Mativ Holdings Inc. has shown more variability, fluctuating between 0.19 and 0.78. This suggests that the company may have some difficulty in meeting its immediate short-term obligations using only its most liquid assets.

Furthermore, the cash ratio, reflecting the most stringent liquidity measure, has shown a similar trend to the quick ratio, indicating potential challenges in meeting short-term obligations using only cash and cash equivalents.

Overall, while Mativ Holdings Inc. has generally maintained a strong current ratio, the variability in its quick ratio and cash ratio over the years suggests the company may need to manage its liquidity more effectively to ensure it can meet short-term obligations efficiently.

Additional liquidity measure

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cash conversion cycle	days	80.16	80.70	78.76	71.78	68.24	64.63	86.59	100.07	112.87	117.63	80.48	81.73	85.35	95.82	100.61	80.45	85.62	85.95	87.38	79.76

The cash conversion cycle of Mativ Holdings Inc. has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The cash conversion cycle indicates the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

In the initial period, the company's cash conversion cycle was 79.76 days on March 31, 2020. It increased gradually to 100.61 days by June 30, 2021, reflecting a delay in converting investments into cash. This prolonged cycle continued until September 30, 2022, when the cycle reached 117.63 days, indicating difficulties in managing cash flows efficiently.

Subsequently, there was a noticeable improvement in the cash conversion cycle, with a significant reduction to 64.63 days by September 30, 2023, and further decreasing to 68.24 days by December 31, 2023. This suggests that the company managed to streamline its operations and optimize its cash conversion processes during this period.

However, the cycle slightly increased to 71.78 days by March 31, 2024, before stabilizing around 80 days in the latter quarters of 2024. Overall, Mativ Holdings Inc. experienced fluctuations in its cash conversion cycle, indicating varying efficiency in managing working capital and cash flow during the analyzed period. Going forward, the company may need to focus on maintaining a consistent and optimal cash conversion cycle to enhance its financial performance and liquidity management.