Minerals Technologies Inc (MTX)
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 | 1,131,000 | 1,140,800 | 1,113,800 | 1,101,300 | 1,099,000 | 1,094,200 | 1,079,800 | 1,114,900 | 1,070,500 | 1,073,500 | 1,067,500 | 1,090,300 | 1,029,100 | 1,029,800 | 1,085,500 | 1,044,600 | 1,033,600 | 1,047,900 | 884,400 | 897,600 |
| 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 |
| Current ratio | 2.84 | 2.46 | 2.46 | 2.49 | 2.40 | 2.31 | 2.29 | 2.17 | 2.15 | 2.18 | 2.29 | 2.40 | 2.45 | 2.43 | 3.69 | 3.62 | 3.50 | 3.85 | 1.74 | 2.35 |
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 displayed varying trends over the past few years, ranging from a low of 1.74 in June 2020 to a high of 3.85 in September 2020. The ratio measures the company's ability to cover its short-term liabilities with its short-term assets.
In recent quarters, the current ratio has generally remained above 2, indicating that the company has more than enough current assets to cover its current liabilities. This suggests a healthy liquidity position and the ability to meet its short-term obligations comfortably.
However, it is worth noting that there has been some fluctuation in the current ratio, with slight decreases observed in some quarters. These fluctuations may be influenced by factors such as changes in working capital management, inventory levels, or short-term borrowing activities.
Overall, while the current ratio for Minerals Technologies Inc has shown some variability, it has generally remained at a satisfactory level, indicating a good level of liquidity and the ability to meet short-term financial commitments.
Peer comparison
Dec 31, 2024