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