Matthews International Corporation (MATW)

Current 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
Total current assets US$ in thousands 632,543 642,079 654,049 658,063 648,257 619,550 618,239 633,244 628,616 598,629 612,292 686,752 624,165 620,731 599,615 590,962 575,573 569,668 625,937 594,348
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
Current ratio 1.45 1.66 1.82 1.88 1.64 1.63 1.57 1.73 1.53 1.93 1.81 2.01 1.76 1.88 1.85 1.78 1.82 1.87 1.94 2.10

September 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $632,543K ÷ $434,775K
= 1.45

The current ratio of Matthews International Corporation has fluctuated over the past few years, ranging from a low of 1.45 to a high of 2.10. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally a healthy sign for liquidity.

Looking at the trend of the current ratio, we can observe some variability in the company's liquidity position. In recent periods, the current ratio has generally been above 1.5, suggesting that Matthews International Corporation has been able to meet its short-term obligations comfortably.

The highest current ratio of 2.10 was reported in the first quarter of 2022, indicating a strong liquidity position at that point in time. On the other hand, the lowest current ratio of 1.45 in the fourth quarter of 2024 may indicate a slight weakening of the company's liquidity position, although it is still above the critical threshold of 1.

Overall, while the current ratio of Matthews International Corporation has shown some fluctuations, it has generally remained above 1.5 in recent years, indicating a satisfactory ability to meet its short-term obligations with current assets. However, it is important to continue monitoring the company's liquidity position to ensure ongoing financial stability.