Minerals Technologies Inc (MTX)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 333,100 | 317,200 | 247,200 | 299,500 | 367,700 |
| Short-term investments | US$ in thousands | 4,000 | 4,300 | 5,600 | 4,900 | 4,100 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 397,700 | 457,300 | 498,300 | 419,800 | 295,200 |
| Quick ratio | 0.85 | 0.70 | 0.51 | 0.73 | 1.26 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($333,100K
+ $4,000K
+ $—K)
÷ $397,700K
= 0.85
The quick ratio of Minerals Technologies Inc has shown some fluctuations over the past five years. Starting at 1.26 on December 31, 2020, it decreased to 0.73 by December 31, 2021, indicating a potential decline in the company's ability to meet its short-term obligations using its most liquid assets. The ratio further declined to 0.51 by December 31, 2022, suggesting a potentially higher risk of liquidity problems.
However, there was a slight improvement in the quick ratio by December 31, 2023, as it increased to 0.70, which may indicate a better ability to cover short-term liabilities with liquid assets. By December 31, 2024, the quick ratio further improved to 0.85, reflecting a stronger short-term liquidity position compared to the previous year.
Overall, the trend in the quick ratio of Minerals Technologies Inc suggests some variability in its ability to meet short-term obligations with its quick assets. Investors and stakeholders should continue to monitor this ratio to assess the company's liquidity risk going forward.
Peer comparison
Dec 31, 2024