Matthews International Corporation (MATW)
Cash ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 40,816 | 42,745 | 45,497 | 37,921 | 42,101 | 39,295 | 41,916 | 42,718 | 69,016 | 45,846 | 53,777 | 70,984 | 49,176 | 46,230 | 46,980 | 41,175 | 41,334 | 42,904 | 72,338 | 39,384 |
| Short-term investments | US$ in thousands | — | 616 | 472 | 129 | 920 | 365 | 2 | 3,366 | 3,358 | 2,169 | 1,426 | 269 | 31 | 49,646 | 78 | 63,999 | — | 249 | — | 473 |
| Total current liabilities | US$ in thousands | 434,775 | 386,152 | 358,752 | 349,203 | 394,600 | 380,071 | 394,441 | 366,744 | 411,375 | 309,791 | 338,559 | 341,130 | 354,225 | 329,465 | 324,270 | 332,127 | 316,868 | 305,032 | 322,302 | 283,276 |
| Cash ratio | 0.09 | 0.11 | 0.13 | 0.11 | 0.11 | 0.10 | 0.11 | 0.13 | 0.18 | 0.15 | 0.16 | 0.21 | 0.14 | 0.29 | 0.15 | 0.32 | 0.13 | 0.14 | 0.22 | 0.14 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($40,816K
+ $—K)
÷ $434,775K
= 0.09
The cash ratio of Matthews International Corporation has shown some fluctuations over the past several quarters. It is a measure of a company's ability to cover its short-term liabilities with its cash and cash equivalents.
The cash ratio has ranged from a low of 0.09 to a high of 0.32 over the past few years. The ratio was at its lowest in September 2024 and March 2024 at 0.09 and 0.13, respectively, indicating that the company had less cash available to cover its short-term obligations during those periods.
On the other hand, the cash ratio was at its highest in December 2020 at 0.32, suggesting that the company had a significant amount of cash on hand relative to its short-term liabilities at that time.
Overall, the cash ratio has generally been in the range of 0.1 to 0.3, indicating that Matthews International Corporation has maintained a relatively healthy level of liquidity to meet its short-term obligations. It is important to monitor the cash ratio over time to ensure that the company continues to have sufficient cash reserves to meet its financial obligations.