Martin Marietta Materials Inc (MLM)
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 | 670,000 | 52,000 | 109,000 | 2,650,000 | 1,282,300 | 647,600 | 421,500 | 229,400 | 358,000 | 135,700 | 772,100 | 189,600 | 258,400 | 2,381,400 | 53,100 | 313,900 | 207,300 | 116,600 | 70,100 | 424,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | 702,300 | 702,300 | 704,600 | 704,600 | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 5,288,000 | 993,000 | 1,196,000 | 1,429,000 | 1,170,200 | 1,141,100 | 1,442,400 | 1,328,000 | 1,445,600 | 1,419,700 | 761,400 | 712,900 | 752,600 | 601,200 | 758,000 | 448,800 | 499,300 | 506,200 | 595,300 | 1,075,600 |
| Cash ratio | 0.13 | 0.05 | 0.09 | 1.85 | 1.10 | 0.57 | 0.78 | 0.70 | 0.74 | 0.59 | 1.01 | 0.27 | 0.34 | 3.96 | 0.07 | 0.70 | 0.42 | 0.23 | 0.12 | 0.39 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($670,000K
+ $—K)
÷ $5,288,000K
= 0.13
The cash ratio of Martin Marietta Materials Inc has fluctuated over the past few years, indicating varying levels of liquidity. The ratios range from as low as 0.05 to as high as 3.96, with significant changes observed quarter to quarter. Analysis reveals that there were periods of relatively low liquidity, such as in June 2020 and June 2021, where the company had limited cash reserves to cover its current liabilities. However, the cash ratio improved notably in September 2021 and reached a peak in March 2024 at 1.85, indicating a strong ability to cover short-term obligations with cash on hand. Overall, maintaining a healthy cash ratio is essential for the company to handle unexpected expenses and meet its financial obligations comfortably.
Peer comparison
Dec 31, 2024