Martin Marietta Materials Inc (MLM)
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 | 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 | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($670,000K
+ $—K
+ $—K)
÷ $5,288,000K
= 0.13
The quick ratio of Martin Marietta Materials Inc has fluctuated over the specified time period, ranging from a low of 0.05 to a high of 3.96. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1.0 indicates potential liquidity issues, as the company may struggle to cover its current liabilities without having to rely on selling inventory or obtaining additional financing.
During the period analyzed, the quick ratio dipped below 1.0 in several quarters, suggesting that the company may have faced liquidity challenges or had difficulties converting assets into cash quickly. However, there were also quarters where the quick ratio improved significantly, indicating a stronger ability to meet short-term obligations with liquid assets.
It is essential for investors and stakeholders to closely monitor the quick ratio of Martin Marietta Materials Inc to assess its liquidity position and ability to manage short-term financial obligations effectively.
Peer comparison
Dec 31, 2024