Materion Corporation (MTRN)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 724,224 | 795,360 | 739,116 | 739,708 | 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 |
| 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 |
| Current ratio | 3.19 | 3.15 | 3.25 | 2.91 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $724,224K ÷ $226,734K
= 3.19
The current ratio of Materion Corporation has exhibited some fluctuations over the reported periods. Initially, the current ratio was strong at 4.21 as of March 31, 2020, indicating a healthy level of liquidity. However, there was a noticeable decrease in the ratio to 2.44 by June 30, 2020, which may have raised concerns about short-term liquidity management.
Subsequently, there was a gradual improvement in the current ratio, reaching 3.66 by December 31, 2020, signaling a strengthened liquidity position. The ratio remained relatively stable around 3 in the following quarters, showing consistency in the company's ability to meet its short-term obligations with its current assets.
Towards the end of the reporting period, the current ratio dipped slightly to 2.78 by December 31, 2023, before recovering to 3.19 by December 31, 2024. Despite the fluctuations, Materion Corporation generally maintained a current ratio above 2, indicating a solid ability to cover its current liabilities with current assets.
Overall, while the company experienced some variations in its current ratio, it managed to sustain a healthy liquidity position throughout the analyzed periods, providing a buffer to meet short-term financial obligations effectively.