Mettler-Toledo International Inc (MTD)

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	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
Receivables	US$ in thousands	687,112	637,202	634,710	650,333	663,893	634,967	648,002	640,050	709,321	611,399	626,593	617,880	647,335	603,364	600,191	574,418	593,809	521,777	490,429	518,556
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
Quick ratio		0.64	0.60	0.55	0.64	0.62	0.66	0.73	0.73	0.70	0.63	0.66	0.68	0.65	0.79	0.79	0.81	0.82	0.88	0.88	1.24

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 years. It started at a relatively healthy level of 1.24 on March 31, 2020, indicating a strong ability to cover its short-term liabilities with liquid assets. However, the ratio declined to 0.55 on June 30, 2024, which might raise concerns about the company's liquidity position.

Overall, the trend in the quick ratio shows a gradual decline, indicating a potential weakening of the company's ability to meet its short-term obligations using its most liquid assets. Further analysis of the company's cash management and short-term asset management strategies may be warranted to address the declining trend in the quick ratio.