Materion Corporation (MTRN)
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 | 16,713 | 17,874 | 17,098 | 13,104 | 13,294 | 16,401 | 16,574 | 15,243 | 13,101 | 20,682 | 32,175 | 20,237 | 14,462 | 18,009 | 24,345 | 18,934 | 25,878 | 117,754 | 265,068 | 107,576 |
| Short-term investments | US$ in thousands | — | — | 4,611 | 4,709 | 3,658 | 5,047 | 4,922 | 3,725 | 3,114 | 2,798 | 1,329 | 120 | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 226,734 | 252,828 | 227,482 | 254,615 | 254,995 | 217,205 | 233,250 | 245,817 | 238,964 | 202,290 | 210,225 | 201,461 | 204,509 | 172,769 | 161,227 | 147,435 | 126,884 | 251,626 | 268,528 | 113,670 |
| Cash ratio | 0.07 | 0.07 | 0.10 | 0.07 | 0.07 | 0.10 | 0.09 | 0.08 | 0.07 | 0.12 | 0.16 | 0.10 | 0.07 | 0.10 | 0.15 | 0.13 | 0.20 | 0.47 | 0.99 | 0.95 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($16,713K
+ $—K)
÷ $226,734K
= 0.07
The cash ratio of Materion Corporation has fluctuated over the past few years, ranging from 0.07 to 0.99. The cash ratio indicates the company’s ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio is generally preferred as it signifies a stronger liquidity position.
Looking at the trend, Materion Corporation had a relatively stable cash ratio above 0.10 until September 2020, when it dropped sharply to 0.10. The ratio further decreased to 0.07 by the end of December 2021. From that point, the cash ratio remained below 0.10 for several quarters, indicating a potential liquidity challenge.
In the later quarters, there were fluctuations in the cash ratio, but it mostly stayed around the 0.07 to 0.10 range. This suggests that Materion Corporation may have faced some liquidity constraints or was deploying its cash in investments or other activities.
Overall, Materion Corporation’s cash ratio indicates a moderate to lower level of liquidity in recent periods, which may require careful monitoring and management of cash flows to meet short-term obligations efficiently.