Matson Inc (MATX)
Cash 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 and cash equivalents | US$ in thousands | 134,000 | 156,500 | 122,000 | 88,500 | 249,800 | 242,800 | 609,000 | 392,800 | 282,400 | 75,900 | 17,400 | 11,800 | 14,400 | 12,700 | 19,500 | 19,900 | 21,200 | 23,600 | 24,000 | 15,400 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 37,000 | 50,000 | 47,000 | 48,000 | 55,000 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 562,300 | 570,600 | 549,000 | 535,800 | 581,600 | 599,900 | 632,100 | 610,200 | 612,400 | 547,300 | 532,300 | 519,100 | 511,500 | 453,600 | 449,600 | 470,900 | 436,700 | 437,700 | 425,400 | 411,100 |
| Cash ratio | 0.24 | 0.27 | 0.22 | 0.17 | 0.43 | 0.40 | 0.96 | 0.64 | 0.46 | 0.21 | 0.13 | 0.11 | 0.12 | 0.15 | 0.04 | 0.04 | 0.05 | 0.05 | 0.06 | 0.04 |
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 measures a company's ability to cover its short-term liabilities using only its cash and cash equivalents. A higher cash ratio indicates that a company has more cash available to cover its short-term obligations.
Looking at Matson Inc's cash ratio over the past eight quarters, we can see that it has fluctuated between 0.35 and 1.16.
In the most recent quarter (Q4 2023), the cash ratio was 0.35, which indicates that the company had 35 cents of cash available for every dollar of short-term liabilities. This ratio has decreased from the previous quarter, Q3 2023, where the cash ratio was 0.58.
Compared to the same quarter in the previous year (Q4 2022), the cash ratio has also decreased from 0.54 to 0.35 in Q4 2023, indicating a potential decrease in the company's ability to cover its short-term liabilities with cash alone.
Overall, Matson Inc's cash ratio has shown some variability in recent quarters, which may suggest changes in the company's cash position and its ability to meet short-term obligations solely with cash holdings. It would be important to further investigate the reasons behind these fluctuations and assess whether they indicate any underlying financial challenges or management decisions.
Peer comparison
Dec 31, 2023