Marten Transport Ltd (MRTN)
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 | 17,267 | 42,990 | 77,199 | 73,730 | 53,213 | 68,067 | 80,528 | 96,288 | 80,600 | 71,492 | 68,374 | 66,527 | 56,995 | 83,900 | 80,672 | 88,583 | 66,127 | 88,279 | 75,323 | 36,136 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 93,519 | 116,749 | 118,976 | 111,442 | 110,242 | 121,644 | 131,020 | 119,602 | 124,310 | 125,457 | 130,717 | 109,382 | 93,559 | 152,271 | 106,989 | 97,851 | 89,794 | 87,947 | 87,579 | 91,126 |
| Quick ratio | 0.18 | 0.37 | 0.65 | 0.66 | 0.48 | 0.56 | 0.61 | 0.81 | 0.65 | 0.57 | 0.52 | 0.61 | 0.61 | 0.55 | 0.75 | 0.91 | 0.74 | 1.00 | 0.86 | 0.40 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($17,267K
+ $—K
+ $—K)
÷ $93,519K
= 0.18
The quick ratio of Marten Transport Ltd has shown some fluctuations over the reported periods. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
From March 31, 2020 to September 30, 2021, the quick ratio generally improved, reaching a peak of 1.00 on September 30, 2020, indicating a stronger ability to cover short-term obligations with liquid assets. However, from September 30, 2021 to September 30, 2024, the quick ratio fluctuated and showed a declining trend, dropping to as low as 0.37 on September 30, 2024, raising concerns about the company's short-term liquidity position.
Overall, the trend in the quick ratio suggests that Marten Transport Ltd may have faced some challenges in managing its short-term liquidity over the reported periods, signaling a need for close monitoring and potentially implementing strategies to enhance liquidity management.
Peer comparison
Dec 31, 2024