Mettler-Toledo International Inc (MTD)

Cash 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 and cash equivalents	US$ in thousands	59,362	71,574	70,800	70,191	69,807	69,675	83,574	89,085	95,966	122,136	109,449	116,949	98,564	183,672	142,252	106,700	94,254	153,686	127,277	323,585
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	14	23	15
Total current liabilities	US$ in thousands	1,168,190	1,184,970	1,281,180	1,131,930	1,181,080	1,070,420	1,008,000	1,004,250	1,147,730	1,164,940	1,118,580	1,087,410	1,146,540	1,001,560	938,369	841,809	840,327	764,081	702,829	679,838
Cash ratio		0.05	0.06	0.06	0.06	0.06	0.07	0.08	0.09	0.08	0.10	0.10	0.11	0.09	0.18	0.15	0.13	0.11	0.20	0.18	0.48

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($59,362K + $—K) ÷ $1,168,190K
= 0.05

The cash ratio of Mettler-Toledo International Inc has been fluctuating over the past few years, indicating the company's ability to cover its short-term obligations with its cash and cash equivalents.

From March 31, 2020, to December 31, 2020, the cash ratio decreased from 0.48 to 0.11, reflecting a significant decrease in liquid assets relative to current liabilities during this period. The ratio remained relatively low in the following quarters, with slight increases noted in some quarters.

Although the ratio recovered slightly in the subsequent quarters, surpassing 0.10 in most periods, it remained relatively low overall. This pattern suggests that Mettler-Toledo International Inc may have been relying more on non-cash assets or other sources of liquidity to meet its short-term obligations rather than holding excess cash reserves.

The decreasing trend in the cash ratio from 2020 to 2024 may indicate potential liquidity challenges or a shift in the company's liquidity management strategy away from holding substantial cash reserves. It is important for stakeholders to monitor this ratio closely to assess the company's ability to manage its short-term obligations effectively.