MasterBrand Inc. (MBC)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | ||
|---|---|---|---|---|
| Total current assets | US$ in thousands | 677,200 | 684,000 | 728,200 |
| Total current liabilities | US$ in thousands | 349,400 | 367,900 | 374,400 |
| Current ratio | 1.94 | 1.86 | 1.94 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $677,200K ÷ $349,400K
= 1.94
Based on the data provided for MasterBrand Inc.'s current ratio, we observe fluctuations over the past three quarters. The current ratio indicates the company's ability to meet its short-term obligations with its current assets. A higher current ratio is generally desirable as it suggests a stronger liquidity position.
At the end of December 31, 2023, MasterBrand Inc. reported a current ratio of 1.94, which indicates that the company's current assets were 1.94 times its current liabilities. This suggests that MasterBrand Inc. had sufficient current assets to cover its short-term liabilities comfortably.
In the previous quarter, ending on September 30, 2023, the current ratio was slightly lower at 1.86. Although still above 1, indicating that the company could meet its short-term obligations, the decrease from the previous quarter could be a point of attention for stakeholders.
Prior to that, on June 30, 2023, MasterBrand Inc. had a current ratio of 1.94, similar to the current ratio at the end of December 31, 2023. This stability in the current ratio over the two most recent quarters suggests a consistent liquidity position for the company.
In conclusion, MasterBrand Inc.'s current ratio has demonstrated some variability over the past three quarters, with a notable increase in the most recent period. The current ratio provides insight into the company's short-term liquidity management, with a higher ratio generally indicating a healthier financial position. Overall, stakeholders may find the current ratio trend to be stable and satisfactory, although monitoring any future fluctuations is advisable to ensure continued liquidity strength.
Peer comparison
Dec 31, 2023