Mohawk Industries Inc (MHK)
Cash 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 and cash equivalents | US$ in thousands | 666,600 | 424,000 | 497,400 | 658,500 | 642,550 | 518,452 | 570,933 | 572,858 | 509,623 | 326,971 | 223,986 | 230,559 | 268,895 | 1,128,030 | 753,677 | 557,262 | 768,625 | 781,238 | 737,712 | 263,086 |
| Short-term investments | US$ in thousands | — | — | — | — | 0 | 0 | 0 | 150,000 | 158,000 | 110,000 | 265,000 | 310,000 | 323,000 | 0 | 662,358 | 782,267 | 571,741 | 407,784 | — | — |
| Total current liabilities | US$ in thousands | 2,672,300 | 2,771,000 | 2,937,700 | 3,120,100 | 3,145,910 | 3,188,570 | 3,287,940 | 3,318,370 | 3,070,280 | 3,904,750 | 3,924,380 | 3,871,630 | 2,946,360 | 2,901,740 | 3,178,890 | 3,007,290 | 2,371,250 | 2,387,110 | 1,872,230 | 2,871,280 |
| Cash ratio | 0.25 | 0.15 | 0.17 | 0.21 | 0.20 | 0.16 | 0.17 | 0.22 | 0.22 | 0.11 | 0.12 | 0.14 | 0.20 | 0.39 | 0.45 | 0.45 | 0.57 | 0.50 | 0.39 | 0.09 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($666,600K
+ $—K)
÷ $2,672,300K
= 0.25
Based on the provided data, Mohawk Industries Inc's cash ratio has fluctuated over the period from March 31, 2020, to December 31, 2024. The cash ratio represents the company's ability to cover its short-term liabilities with its cash and cash equivalents.
Initially, the cash ratio was relatively low at 0.09 on March 31, 2020, indicating that Mohawk Industries had limited cash on hand compared to its short-term obligations. However, there was a significant improvement in the cash ratio over the following quarters, reaching its peak at 0.57 on December 31, 2020, signaling a healthy liquidity position.
Subsequently, the cash ratio experienced some fluctuations but generally remained above 0.20 until June 30, 2022. From September 30, 2022, the cash ratio started to decline, dropping to 0.11 by the end of the quarter. This decreasing trend continued through December 31, 2023, before slightly rebounding to 0.25 by December 31, 2024.
Overall, while Mohawk Industries Inc showed varying levels of liquidity over the analyzed period, the company generally displayed adequate short-term liquidity levels to meet its current obligations, with fluctuations in cash ratio pointing to changes in cash management and operational performance.
Peer comparison
Dec 31, 2024