Martin Marietta Materials Inc (MLM)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,542,000 | 3,918,900 | 2,876,900 | 2,025,600 | 1,668,300 |
| Total current liabilities | US$ in thousands | 1,016,000 | 1,170,200 | 1,445,600 | 752,600 | 499,300 |
| Current ratio | 2.50 | 3.35 | 1.99 | 2.69 | 3.34 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,542,000K ÷ $1,016,000K
= 2.50
The current ratio of Martin Marietta Materials Inc has exhibited fluctuations over the past five years. Starting from a comfortable level of 3.34 in December 31, 2020, the ratio decreased to 2.69 by December 31, 2021, indicating a slight weakening in the company's short-term liquidity position. The ratio further declined to 1.99 on December 31, 2022, suggesting a potential strain on the company's ability to meet its short-term obligations.
However, there was a notable improvement in the current ratio by December 31, 2023, increasing to a healthy level of 3.35, which indicates a stronger liquidity position. Subsequently, by December 31, 2024, the ratio decreased to 2.50, although it remained above 2, signaling that the company still possesses an adequate level of current assets to cover its current liabilities.
Overall, while there have been fluctuations in Martin Marietta Materials Inc's current ratio over the years, the company has generally maintained a satisfactory level of liquidity to meet its short-term obligations.
Peer comparison
Dec 31, 2024