Materion Corporation (MTRN)
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 | 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 | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 193,793 | 214,576 | 185,244 | 188,282 | 192,747 | 186,177 | 188,166 | 207,998 | 215,211 | 238,975 | — | — | 223,553 | — | — | — | 166,447 | 150,454 | 146,527 | 138,803 |
| 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 |
| Quick ratio | 0.93 | 0.92 | 0.91 | 0.81 | 0.82 | 0.96 | 0.90 | 0.92 | 0.97 | 1.30 | 0.16 | 0.10 | 1.16 | 0.10 | 0.15 | 0.13 | 1.52 | 1.07 | 1.53 | 2.17 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($16,713K
+ $—K
+ $193,793K)
÷ $226,734K
= 0.93
The quick ratio of Materion Corporation has exhibited fluctuations over the periods mentioned. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, started at a healthy level of 2.17 on March 31, 2020, indicating a strong liquidity position. However, the ratio declined to 0.10 on March 31, 2021, and remained low in the subsequent quarter. This significant drop may suggest potential challenges in meeting short-term obligations with liquid assets during these periods.
Subsequently, the quick ratio saw some improvements, reaching 1.16 by December 31, 2021, indicating a better ability to cover short-term obligations with liquid assets. However, the ratio fluctuated in the following quarters, hovering around 1.00, indicating some variability in the company's liquidity position.
Overall, Materion Corporation's quick ratio has shown variability over time, reflecting fluctuations in its ability to meet short-term obligations with liquid assets. It is essential for the company to closely monitor and manage liquidity to ensure financial stability and meet short-term financial commitments effectively.