Martin Marietta Materials Inc (MLM)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,542,000 | 2,319,000 | 2,229,000 | 4,518,000 | 3,918,900 | 2,817,400 | 3,192,300 | 2,812,700 | 2,876,900 | 2,847,300 | 2,760,300 | 1,987,500 | 2,025,600 | 4,000,700 | 1,616,300 | 1,675,700 | 1,668,300 | 1,652,800 | 1,587,100 | 1,833,000 |
| 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 |
| Current ratio | 0.48 | 2.34 | 1.86 | 3.16 | 3.35 | 2.47 | 2.21 | 2.12 | 1.99 | 2.01 | 3.63 | 2.79 | 2.69 | 6.65 | 2.13 | 3.73 | 3.34 | 3.27 | 2.67 | 1.70 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,542,000K ÷ $5,288,000K
= 0.48
The current ratio of Martin Marietta Materials Inc has fluctuated over the periods provided. Starting at 1.70 on March 31, 2020, the ratio improved steadily, reaching a peak of 6.65 on September 30, 2021, indicating a strong ability to cover its short-term obligations with current assets. However, the ratio decreased significantly to 0.48 on December 31, 2024, suggesting a potential liquidity concern as the company may have difficulty meeting its short-term liabilities with its current assets. Overall, although the current ratio has shown volatility, it is essential for the company to maintain a healthy level to ensure financial stability and meet short-term obligations effectively.
Peer comparison
Dec 31, 2024