MasterBrand Inc. (MBC)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Cash | US$ in thousands | 120,600 | 108,400 | 189,400 | 153,700 |
| Short-term investments | US$ in thousands | — | — | — | — |
| Receivables | US$ in thousands | 191,000 | 216,100 | 213,500 | 224,400 |
| Total current liabilities | US$ in thousands | 395,400 | 378,400 | 332,200 | 340,400 |
| Quick ratio | 0.79 | 0.86 | 1.21 | 1.11 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($120,600K
+ $—K
+ $191,000K)
÷ $395,400K
= 0.79
The quick ratio of MasterBrand Inc. has shown fluctuations over the course of the year 2024. In March 31, 2024, the quick ratio was 1.11, indicating that the company had $1.11 in liquid assets for every $1 of current liabilities, suggesting a strong liquidity position. By June 30, 2024, the quick ratio increased to 1.21, reflecting an improvement in the company's ability to meet short-term obligations with its readily available assets.
However, the quick ratio declined in the following quarters, standing at 0.86 as of September 30, 2024, and further dropping to 0.79 by December 31, 2024. These lower ratios may raise concerns about the company's short-term liquidity and its ability to cover immediate liabilities without relying on the sale of inventory.
Overall, while MasterBrand Inc. experienced fluctuations in its quick ratio throughout the year, the downward trend in the later quarters suggests a potential strain on the company's liquidity position and a need for a close monitoring of its ability to meet short-term obligations.
Peer comparison
Dec 31, 2024