Matson Inc (MATX)
Cash ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 266,800 | 270,300 | 170,600 | 28,200 | 136,300 | 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 |
| Short-term investments | US$ in thousands | — | 635,400 | — | — | — | — | — | — | — | — | — | — | — | 37,000 | 50,000 | 47,000 | 48,000 | 55,000 | — | — |
| Total current liabilities | US$ in thousands | 560,400 | 577,700 | 584,500 | 530,500 | 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 |
| Cash ratio | 0.48 | 1.57 | 0.29 | 0.05 | 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 |
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 exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The cash ratio, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, started at a low level of 0.04 on March 31, 2020. It remained relatively stable at around 0.04 to 0.15 until September 30, 2020, before decreasing slightly to 0.12 by December 31, 2020.
During the following quarters, the cash ratio fluctuated within the range of 0.11 to 0.21 by September 30, 2021. Thereafter, the cash ratio showed a significant improvement, reaching 0.46 by December 31, 2021, indicating an increase in the company's liquidity position. This improvement continued in the subsequent quarters, with the cash ratio peaking at 0.96 on June 30, 2022.
However, the cash ratio experienced a decline to 0.17 by March 31, 2023, before recovering to 0.29 by June 30, 2024. The ratio then surged significantly to 1.57 by September 30, 2024, reflecting a substantial increase in the company's cash and cash equivalents relative to its short-term liabilities. Lastly, the cash ratio decreased to 0.48 by December 31, 2024, indicating a lower but still healthy liquidity position compared to the previous quarter.
Overall, the cash ratio of Matson Inc displayed both fluctuations and improvements during the period under review, reflecting changes in the company's ability to meet its short-term obligations with its available cash resources.
Peer comparison
Dec 31, 2024