MasTec Inc (MTZ)
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 | 399,903 | 181,225 | 297,586 | 249,326 | 529,561 | 214,174 | 119,905 | 141,560 | 370,592 | 95,676 | 138,929 | 233,133 | 360,736 | 239,924 | 237,271 | 512,407 | 423,118 | 238,174 | 48,638 | 71,663 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 200 | 1,000 | 1,000 | 3,000 | 7,900 | — | — | — | 17,000 | — | — | — |
| Total current liabilities | US$ in thousands | 2,999,700 | 2,887,750 | 2,747,910 | 2,633,370 | 2,837,220 | 2,811,290 | 2,440,840 | 2,378,540 | 2,496,040 | 1,986,480 | 1,897,690 | 1,866,040 | 1,784,600 | 1,704,310 | 1,638,990 | 1,632,900 | 1,415,200 | 1,514,150 | 1,523,390 | 1,260,030 |
| Cash ratio | 0.13 | 0.06 | 0.11 | 0.09 | 0.19 | 0.08 | 0.05 | 0.06 | 0.15 | 0.05 | 0.07 | 0.13 | 0.21 | 0.14 | 0.14 | 0.31 | 0.31 | 0.16 | 0.03 | 0.06 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($399,903K
+ $—K)
÷ $2,999,700K
= 0.13
The cash ratio of MasTec Inc fluctuated over the period from March 31, 2020, to December 31, 2024. The cash ratio measures the company's ability to cover its short-term liabilities using its cash and cash equivalents. A higher cash ratio indicates a stronger ability to pay off short-term obligations.
- The cash ratio started at a low point of 0.06 on March 31, 2020, indicating that MasTec had limited cash reserves to cover its short-term liabilities.
- The ratio decreased further to 0.03 by June 30, 2020, suggesting a potential cash flow issue during that period.
- The ratio saw a significant improvement by December 31, 2020, reaching 0.31, indicating a much healthier liquidity position for the company.
- The ratio remained strong at 0.31 on March 31, 2021, and then decreased to 0.14 by June 30, 2021. This decrease may signal a reduction in cash reserves compared to the previous quarter.
- The ratio stayed relatively stable around 0.14 from June 30, 2021, to September 30, 2022, implying MasTec maintained a consistent level of liquidity during this period.
- The ratio increased to 0.21 on December 31, 2022, suggesting an improvement in MasTec's ability to cover short-term obligations compared to the previous quarter.
- The ratio fluctuated between 0.06 and 0.19 from March 31, 2023, to December 31, 2024, indicating some variability in MasTec's cash reserves over these quarters.
Overall, MasTec's cash ratio varied over the years, with some quarters showing strong liquidity positions and others indicating potential cash flow challenges. It is important for the company to closely monitor and manage its cash reserves to ensure it can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024