Materion Corporation (MTRN)
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 | 709,382 | 709,592 | 697,833 | 699,854 | 690,448 | 709,664 | 706,968 | 672,912 | 627,252 | 556,493 | 516,565 | 494,755 | 463,999 | 504,423 | 656,444 | 478,784 | 537,747 | 475,617 | 454,416 | 434,846 |
| 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 |
| Current ratio | 2.78 | 3.27 | 2.99 | 2.85 | 2.89 | 3.51 | 3.36 | 3.34 | 3.07 | 3.22 | 3.20 | 3.36 | 3.66 | 2.00 | 2.44 | 4.21 | 4.39 | 3.75 | 3.63 | 3.32 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $709,382K ÷ $254,995K
= 2.78
The current ratio of Materion Corp has fluctuated over the past eight quarters, ranging from a low of 2.78 in Q4 2023 to a high of 3.51 in Q3 2022. Overall, the current ratio has shown a general trend of stability and strength, indicating that the company has a healthy ability to cover its short-term liabilities with its current assets. A current ratio above 2.0 is generally considered healthy, and Materion Corp has consistently maintained ratios well above this threshold. This suggests that the company has a strong liquidity position and is able to meet its short-term obligations comfortably. However, the recent dip in the current ratio in Q4 2023 may warrant further investigation to understand the underlying factors contributing to this decrease.