Martin Marietta Materials Inc (MLM)

Quick ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash	US$ in thousands	1,271,800	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	21,000	49,100	53,595	37,357
Short-term investments	US$ in thousands	—	—	702,300	702,300	704,600	704,600	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	771,600	1,047,500	979,200	796,700	804,800	1,011,700	1,026,600	759,200	790,800	801,900	722,000	563,600	587,400	686,300	690,400	562,800	590,600	763,878	710,605	550,607
Total current liabilities	US$ in thousands	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	838,500	688,982	822,216	757,637
Quick ratio		1.75	1.49	1.46	1.30	1.29	1.30	2.36	1.33	1.39	5.29	1.02	1.96	1.59	1.59	1.28	0.92	0.73	1.18	0.93	0.78

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,271,800K + $—K + $771,600K) ÷ $1,170,200K
= 1.75

The quick ratio of Martin Marietta Materials, Inc. has fluctuated over the past eight quarters, ranging from 0.83 to 2.45. A quick ratio above 1 indicates that the company has sufficient liquid assets to cover its short-term liabilities.

In the most recent quarter, Q4 2023, the quick ratio was 1.81, showing an improvement from the previous two quarters. This suggests that the company's ability to meet its current liabilities with its most liquid assets has strengthened during this period.

However, it is worth noting that the quick ratio has shown significant fluctuations in the past, indicating fluctuations in the company's liquidity position. It is essential for investors and stakeholders to monitor this ratio closely to assess the company's short-term financial health and ability to meet its obligations.