Mativ Holdings Inc. (MATV)

Quick 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 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
Receivables US$ in thousands 207,100 197,700 297,800 325,000 286,500 469,800 298,200 282,200 248,000 259,300 248,100 176,200 154,700 176,100 159,500 176,300 155,700 167,100 180,800 172,800
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
Quick ratio 1.16 0.70 0.95 0.90 0.88 1.26 1.46 1.39 1.40 1.61 1.55 1.90 1.61 1.85 1.63 2.13 1.64 1.74 1.89 1.83

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($120,200K + $—K + $207,100K) ÷ $281,400K
= 1.16

The quick ratio of Mativ Holdings Inc has exhibited fluctuations over the past eight quarters. The quick ratio measures the company's ability to cover its short-term obligations with its most liquid assets.

In Q4 2023, the quick ratio was 1.28, indicating that the company had $1.28 in liquid assets available to cover each $1 of current liabilities. This suggests a strong ability to meet short-term obligations.

However, the quick ratio decreased to 0.77 in Q3 2023, reflecting a significant decline in liquidity compared to the previous quarter. This could raise concerns about the company's ability to meet its short-term obligations.

The quick ratio improved to 1.04 in Q2 2023, showing a partial recovery in liquidity, but it remained below the Q4 2022 level of 0.94. The quick ratio further increased to 0.98 in Q1 2023.

Comparing the recent data to the same periods in 2022, the quick ratio has shown variability. It was notably higher in Q3 and Q2 2022 at 1.29 and 1.53, respectively, indicating a stronger liquidity position then.

Overall, the trend in the quick ratio for Mativ Holdings Inc has been inconsistent, with fluctuations indicating varying levels of liquidity and ability to meet short-term obligations. It is important for investors and stakeholders to closely monitor these ratios to assess the company's financial health and risk exposure.


Peer comparison

Dec 31, 2023

Company name
Symbol
Quick ratio
Mativ Holdings Inc.
MATV
1.16
International Paper
IP
1.05
Sylvamo Corp
SLVM
0.93