Materion Corporation (MTRN)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 125,007 | 94,526 | 74,856 | 41,864 |
| Short-term investments | US$ in thousands | — | 5,047 | 4,922 | 3,725 | — | 2,798 | 1,329 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 122,440 | 126,975 | 125,037 | 131,156 |
| Cash ratio | 0.05 | 0.10 | 0.09 | 0.08 | 0.05 | 0.12 | 0.16 | 0.10 | 0.07 | 0.10 | 0.15 | 0.13 | 0.20 | 0.47 | 0.99 | 0.95 | 1.02 | 0.74 | 0.60 | 0.32 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($13,294K
+ $—K)
÷ $254,995K
= 0.05
The cash ratio of Materion Corp has shown fluctuations over the past eight quarters, ranging from 0.22 to 0.33. The cash ratio measures a company's ability to cover its short-term obligations with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover these obligations.
In Q3 2023, the cash ratio was 0.33, reflecting an increase from the previous quarter, indicating that Materion had more cash and cash equivalents relative to its current liabilities. However, in Q2 2023, the ratio decreased to 0.23, suggesting a potential decrease in liquidity compared to Q3 2023.
Overall, the company's cash ratio has remained relatively stable between 0.22 and 0.33 over the past two years, indicating that Materion has maintained a consistent level of liquidity to cover its short-term obligations. It is important for investors and analysts to continue monitoring Materion's cash ratio to assess the company's liquidity position and ability to meet its short-term financial commitments.