MasterBrand Inc. (MBC)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 650,700 | 686,900 | 745,300 | 702,500 |
| Total current liabilities | US$ in thousands | 395,400 | 378,400 | 332,200 | 340,400 |
| Current ratio | 1.65 | 1.82 | 2.24 | 2.06 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $650,700K ÷ $395,400K
= 1.65
The current ratio of MasterBrand Inc. has been fluctuating throughout the year 2024. As of March 31, 2024, the current ratio was 2.06, indicating that the company had more than double current assets compared to current liabilities, suggesting strong short-term liquidity. The ratio further improved to 2.24 by June 30, 2024, reflecting even stronger liquidity position.
However, there was a slight decline in the current ratio by September 30, 2024, as it decreased to 1.82. This could imply that the company's current liabilities grew faster than current assets during that period, but still, the ratio remains above 1, indicating that MasterBrand Inc. is able to cover its short-term obligations.
By the end of December 31, 2024, the current ratio dipped further to 1.65, which suggests that the company may be facing challenges in meeting its short-term obligations with current assets alone. It is important for MasterBrand Inc. to closely monitor and manage its liquidity position to ensure that it can easily meet its financial commitments in the near term.
Peer comparison
Dec 31, 2024