Matson Inc (MATX)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 134,000 | 249,800 | 282,400 | 14,400 | 21,200 |
| Short-term investments | US$ in thousands | — | — | — | 48,000 | — |
| Receivables | US$ in thousands | 279,400 | 268,500 | 343,700 | 253,400 | 205,900 |
| Total current liabilities | US$ in thousands | 562,300 | 581,600 | 612,400 | 511,500 | 436,700 |
| Quick ratio | 0.74 | 0.89 | 1.02 | 0.62 | 0.52 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($134,000K
+ $—K
+ $279,400K)
÷ $562,300K
= 0.74
The quick ratio for Matson Inc has shown fluctuations over the past five years, ranging from 0.59 to 1.30. A quick ratio above 1 indicates that the company has sufficient liquid assets to cover its short-term liabilities.
In 2023, the quick ratio stands at 1.07, which suggests that Matson Inc has $1.07 of liquid assets available to cover each dollar of current liabilities. This shows a slight decrease from the previous year's ratio of 1.30.
The significant increase in the quick ratio from 0.59 in 2020 to 1.30 in 2022 indicates an improvement in the company's liquidity position. However, the subsequent decrease in 2023 may warrant further investigation into the company's ability to meet its short-term obligations using its liquid assets alone.
Overall, while the quick ratio for Matson Inc has fluctuated over the past five years, the current ratio of 1.07 as of December 31, 2023, suggests a relatively healthy liquidity position that may require monitoring for any potential trends or developments.
Peer comparison
Dec 31, 2023