Minerals Technologies Inc (MTX)
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 | 333,100 | 317,100 | 310,600 | 315,700 | 317,200 | 268,400 | 247,100 | 249,700 | 247,200 | 224,100 | 234,700 | 288,000 | 299,500 | 309,900 | 403,600 | 371,400 | 367,700 | 379,000 | 232,800 | 214,300 |
| Short-term investments | US$ in thousands | 4,000 | 7,400 | 5,800 | 4,400 | 4,300 | 9,800 | 8,300 | 6,200 | 5,600 | 2,300 | 2,000 | 5,100 | 4,900 | 1,400 | 5,300 | 4,300 | 4,100 | 2,800 | 5,400 | 3,800 |
| Total current liabilities | US$ in thousands | 397,700 | 464,000 | 453,600 | 441,800 | 457,300 | 473,500 | 472,200 | 513,000 | 498,300 | 493,500 | 465,900 | 455,100 | 419,800 | 423,300 | 293,900 | 288,800 | 295,200 | 272,000 | 509,000 | 381,500 |
| Cash ratio | 0.85 | 0.70 | 0.70 | 0.72 | 0.70 | 0.59 | 0.54 | 0.50 | 0.51 | 0.46 | 0.51 | 0.64 | 0.73 | 0.74 | 1.39 | 1.30 | 1.26 | 1.40 | 0.47 | 0.57 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($333,100K
+ $4,000K)
÷ $397,700K
= 0.85
The cash ratio of Minerals Technologies Inc has shown some fluctuation over the period analyzed. It stood at a relatively low level of 0.57 as of March 31, 2020, indicating that the company had $0.57 of cash and cash equivalents for every $1 of current liabilities.
The ratio decreased further to 0.47 by June 30, 2020, suggesting a tighter liquidity position. However, starting from September 30, 2020, the cash ratio significantly improved to 1.40, signaling a healthier liquidity position with more than enough cash on hand to cover short-term liabilities.
The ratio remained above 1 for the next few quarters, indicating a strong ability to meet short-term obligations with cash reserves. However, the ratio started to decline again in the following quarters, reaching 0.50 by March 31, 2023. This downward trend continued until December 31, 2024, when the cash ratio increased to 0.85.
Overall, the cash ratio of Minerals Technologies Inc has experienced periods of both strength and weakness in terms of liquidity, reflecting fluctuations in the company's cash position relative to its current liabilities. Further analysis would be needed to understand the factors driving these fluctuations and assess the company's overall financial health.
Peer comparison
Dec 31, 2024