Mettler-Toledo International Inc (MTD)

Current 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
Total current assets	US$ in thousands	1,230,200	1,196,910	1,246,510	1,286,770	1,375,090	1,315,900	1,324,700	1,309,890	1,269,360	1,246,220	1,172,610	1,080,210	1,056,900	1,046,320	989,808	1,200,860	1,109,650	963,808	981,446	969,384
Total current liabilities	US$ in thousands	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	754,512	719,255	707,251	707,964
Current ratio		1.04	1.12	1.24	1.28	1.20	1.13	1.18	1.20	1.11	1.24	1.25	1.28	1.26	1.37	1.41	1.77	1.47	1.34	1.39	1.37

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,230,200K ÷ $1,181,080K
= 1.04

The current ratio of Mettler-Toledo International, Inc. has shown some fluctuations over the past eight quarters. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets.

In Q4 2023, the current ratio was 1.04, which indicates that the company may have had slightly fewer short-term assets to cover its short-term liabilities compared to the previous quarter. However, a current ratio above 1 generally suggests that the company has more than enough current assets to cover its current liabilities.

Looking at the trend over the past eight quarters, the current ratio has ranged from a low of 1.04 to a high of 1.28. Although there have been fluctuations, the current ratio has generally remained above 1, which is a positive sign indicating that the company has maintained a healthy level of liquidity to meet its short-term obligations.

Overall, while it is important to monitor the current ratio for any significant deviations, the historical data suggests that Mettler-Toledo International, Inc. has managed its short-term liquidity well and has maintained a relatively stable financial position in terms of its ability to meet its short-term obligations.