Mohawk Industries Inc (MHK)
Quick 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 | 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 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($666,600K
+ $—K
+ $—K)
÷ $2,672,300K
= 0.25
The quick ratio of Mohawk Industries Inc has fluctuated over the past few years, ranging from a low of 0.09 as of March 31, 2020 to a high of 0.57 as of December 31, 2020. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
Overall, the trend of the quick ratio indicates some volatility, with periods of improvement followed by declines. It is notable that the quick ratio has generally increased since the low point in 2020 but has shown a decreasing trend more recently, with the ratio at 0.15 as of September 30, 2024.
A quick ratio below 1 suggests that Mohawk Industries Inc may have difficulty meeting its short-term obligations using only its most liquid assets. Investors and stakeholders may want to monitor this ratio closely to assess the company's liquidity position and ability to manage its short-term financial commitments.
Peer comparison
Dec 31, 2024