Matson Inc (MATX)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 266,800 | 134,000 | 249,800 | 282,400 | 14,400 |
| Short-term investments | US$ in thousands | — | — | — | — | 48,000 |
| Total current liabilities | US$ in thousands | 560,400 | 562,300 | 581,600 | 612,400 | 511,500 |
| Cash ratio | 0.48 | 0.24 | 0.43 | 0.46 | 0.12 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($266,800K
+ $—K)
÷ $560,400K
= 0.48
The cash ratio of Matson Inc has shown fluctuations over the past five years. In December 2020, the cash ratio was 0.12, indicating that the company had a relatively low level of cash reserves compared to its current liabilities. However, there was a significant increase in the cash ratio to 0.46 by December 2021, suggesting that Matson Inc improved its ability to cover its short-term liabilities with cash on hand.
Subsequently, the cash ratio decreased to 0.43 by December 2022 and further dropped to 0.24 by December 2023, indicating a potential decrease in liquidity compared to the previous year. However, there was a notable improvement in liquidity by December 2024, with the cash ratio rising to 0.48, which suggests that Matson Inc had strengthened its cash position relative to its current liabilities.
Overall, the trend in Matson Inc's cash ratio reflects some variability in the company's liquidity position over the past five years, with fluctuations indicating changes in its ability to meet short-term obligations with available cash resources. Further analysis of the company's cash management practices and cash flow trends would provide valuable insights into its overall financial health.
Peer comparison
Dec 31, 2024