Minerals Technologies Inc (MTX)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,131,000 | 1,099,000 | 1,070,500 | 1,029,100 | 1,033,600 |
| Total current liabilities | US$ in thousands | 397,700 | 457,300 | 498,300 | 419,800 | 295,200 |
| Current ratio | 2.84 | 2.40 | 2.15 | 2.45 | 3.50 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,131,000K ÷ $397,700K
= 2.84
Minerals Technologies Inc's current ratio has shown a decreasing trend over the past five years, declining from 3.50 in December 2020 to 2.84 in December 2024. Despite this decrease, the company's current ratio has generally remained above 1, indicating that it has had sufficient current assets to cover its current liabilities.
A current ratio above 1 is generally considered favorable as it suggests that the company is able to meet its short-term obligations with its current assets. A higher ratio, such as the one seen in 2020, indicates a stronger liquidity position, while a lower ratio, as observed in 2022 and 2023, may suggest a potential liquidity challenge. It is important for investors and stakeholders to monitor the current ratio closely to ensure that the company maintains sufficient liquidity to meet its short-term liabilities.
Peer comparison
Dec 31, 2024