MasTec Inc (MTZ)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,652,530 | 3,974,250 | 3,859,130 | 2,873,950 | 2,359,020 |
| Total current liabilities | US$ in thousands | 2,999,700 | 2,837,220 | 2,496,040 | 1,784,600 | 1,415,200 |
| Current ratio | 1.22 | 1.40 | 1.55 | 1.61 | 1.67 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,652,530K ÷ $2,999,700K
= 1.22
The current ratio of MasTec Inc has shown a declining trend over the past five years, decreasing from 1.67 in December 31, 2020, to 1.22 in December 31, 2024. This indicates that the company's ability to meet its short-term obligations with its current assets has weakened over the period. While a current ratio above 1 generally suggests the company can cover its short-term liabilities, the decreasing trend raises concerns about liquidity management. It is advisable for MasTec Inc to carefully monitor and potentially improve its current asset management to ensure its ability to meet its short-term obligations efficiently.
Peer comparison
Dec 31, 2024