MasTec Inc (MTZ)
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 | 3,026,390 | 3,572,900 | 3,477,060 | 3,445,470 | 3,974,250 | 4,038,530 | 3,829,000 | 3,656,660 | 3,859,130 | 3,114,280 | 3,057,220 | 2,784,280 | 2,873,950 | 2,588,420 | 2,408,290 | 2,550,420 | 2,359,020 | 2,334,080 | 2,137,050 | 2,079,780 |
| 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 |
| Current ratio | 1.01 | 1.24 | 1.27 | 1.31 | 1.40 | 1.44 | 1.57 | 1.54 | 1.55 | 1.57 | 1.61 | 1.49 | 1.61 | 1.52 | 1.47 | 1.56 | 1.67 | 1.54 | 1.40 | 1.65 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,026,390K ÷ $2,999,700K
= 1.01
MasTec Inc's current ratio has fluctuated over the past five years, indicating the company's ability to meet its short-term obligations. The current ratio, which measures the company's ability to cover its current liabilities with current assets, has ranged from a high of 1.67 to a low of 1.01 during this period.
A current ratio above 1 indicates that MasTec Inc has more current assets than current liabilities, suggesting its liquidity position is relatively strong. However, a declining trend in the current ratio over time may raise concerns about the company's ability to manage its short-term financial obligations efficiently.
It is noteworthy that the current ratio peaked at 1.67 on December 31, 2020, indicating a robust liquidity position at that time. However, the ratio has gradually declined since then, reaching its lowest point of 1.01 on December 31, 2024. This downward trend may indicate potential challenges in managing the company's short-term financial obligations.
Overall, while MasTec Inc has maintained a current ratio above 1, signifying a generally healthy liquidity position, the declining trend observed over the past few years warrants further monitoring to ensure the company remains capable of meeting its short-term obligations effectively.
Peer comparison
Dec 31, 2024