Matson Inc (MATX)
Quick 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 | 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 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($266,800K
+ $—K
+ $—K)
÷ $560,400K
= 0.48
The quick ratio of Matson Inc has exhibited volatility over the reporting periods. It was very low at 0.04 in March and June 2020, indicating a potential liquidity concern. The ratio improved slightly in the following quarters of 2020 but remained below 1.0. By December 2020, it stood at 0.12, showing some improvement.
In 2021, the quick ratio fluctuated between 0.11 and 0.46, with a significant jump in December 2021. This increase could suggest improved short-term liquidity during that period. The ratio continued to fluctuate in 2022, reaching a high of 0.96 in June before dropping to 0.40 in September.
In 2023, the quick ratio fluctuated around 0.20, indicating some stability in short-term liquidity. However, by June and September 2024, the quick ratio climbed to 0.29 and 1.57, respectively, suggesting a substantial improvement in liquidity position, particularly by the end of 2024.
Overall, the trend of the quick ratio suggests that Matson Inc improved its liquidity position over the years, with fluctuations in some quarters but showing a positive trend towards better short-term liquidity management.
Peer comparison
Dec 31, 2024