MasterBrand Inc. (MBC)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | ||
|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 148,700 | 122,500 | 110,200 |
| Short-term investments | US$ in thousands | — | — | — |
| Total current liabilities | US$ in thousands | 349,400 | 367,900 | 374,400 |
| Cash ratio | 0.43 | 0.33 | 0.29 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($148,700K
+ $—K)
÷ $349,400K
= 0.43
The cash ratio of MasterBrand Inc. has shown an improving trend over the past three quarters. As of December 31, 2023, the company's cash ratio stands at 0.43, indicating that MasterBrand Inc. has $0.43 of cash and cash equivalents for every $1 of current liabilities. This suggests a higher level of liquidity and ability to meet short-term obligations compared to the previous quarters. The ratio was 0.33 as of September 30, 2023, and 0.29 as of June 30, 2023. The increasing trend in the cash ratio suggests that MasterBrand Inc. has been managing its cash position effectively and may be better positioned to cover its short-term financial obligations.
Peer comparison
Dec 31, 2023