Matson Inc (MATX)

Cash ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash and cash equivalents US$ in thousands 134,000 249,800 282,400 14,400 21,200
Short-term investments US$ in thousands 48,000
Total current liabilities US$ in thousands 562,300 581,600 612,400 511,500 436,700
Cash ratio 0.24 0.43 0.46 0.12 0.05

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($134,000K + $—K) ÷ $562,300K
= 0.24

The cash ratio of Matson Inc has fluctuated over the past five years. In 2023, the cash ratio stands at 0.35, indicating that the company has $0.35 in cash and cash equivalents for every $1 of current liabilities. This represents a decrease from the previous year when the ratio was 0.54. Despite the decrease, the current level is still higher than the ratios in 2020 and 2019, which were 0.09 and 0.15, respectively.

A cash ratio of less than 1 suggests that Matson Inc may have limited cash reserves relative to its short-term obligations. It is important for the company to closely monitor its cash position to ensure it can meet its immediate financial obligations. The fluctuations in the cash ratio over the years may indicate varying levels of liquidity and financial stability within the company. Further analysis of the company's cash management practices and overall financial health would provide a more comprehensive understanding of its liquidity position.


Peer comparison

Dec 31, 2023