Mettler-Toledo International Inc (MTD)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 59,362 | 69,807 | 95,966 | 98,564 | 94,254 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 687,112 | 663,893 | 709,321 | 647,335 | 593,809 |
| Total current liabilities | US$ in thousands | 1,168,190 | 1,181,080 | 1,147,730 | 1,146,540 | 840,327 |
| Quick ratio | 0.64 | 0.62 | 0.70 | 0.65 | 0.82 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($59,362K
+ $—K
+ $687,112K)
÷ $1,168,190K
= 0.64
The quick ratio of Mettler-Toledo International Inc has been fluctuating over the past five years, ranging from 0.62 to 0.82. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates potential liquidity concerns, as the company may struggle to meet its short-term financial obligations using only its liquid assets.
In this case, the company's quick ratio has generally been below 1, which suggests that Mettler-Toledo International Inc may have difficulty meeting its short-term obligations solely with its quick assets such as cash and accounts receivable. It is important for investors and stakeholders to monitor the trend of the quick ratio over time to assess the company's short-term liquidity position and financial health.
Peer comparison
Dec 31, 2024