Minerals Technologies Inc (MTX)
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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
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 displayed some fluctuation over the period from March 31, 2020, to December 31, 2024.
The quick ratio, which measures the company's ability to meet its short-term liabilities with its most liquid assets, started at a relatively low level of 0.57 on March 31, 2020. It decreased further to 0.47 by June 30, 2020, reflecting potential liquidity challenges. However, there was a significant improvement in the quick ratio to 1.40 on September 30, 2020, indicating a strong ability to cover short-term liabilities with liquid assets.
Subsequently, the quick ratio remained relatively stable above 1.0 for the next few periods, indicating a comfortable liquidity position. However, there was a notable decrease to 0.74 on September 30, 2021, and further to 0.73 on December 31, 2021, which may suggest a decrease in liquidity.
The quick ratio continued to fluctuate around the range of 0.50 to 0.70 for the period from March 31, 2022, to December 31, 2024. These fluctuations might indicate variations in the company's ability to quickly cover its short-term obligations with liquid assets during these periods.
Overall, the quick ratio trend suggests that while there have been periods of stronger liquidity positions, there have also been times when the company's ability to meet short-term liabilities with its most liquid assets has been more constrained. Monitoring this ratio can provide important insights into the company's financial health and its ability to manage short-term obligations effectively.
Peer comparison
Dec 31, 2024