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