MasTec Inc (MTZ)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 2,079,800 | 2,173,560 | 2,198,700 | 2,127,010 | 2,262,060 |
| Total current liabilities | US$ in thousands | 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 | 1,219,130 | 1,334,500 | 1,391,200 | 1,262,650 |
| Current ratio | 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 | 1.78 | 1.65 | 1.53 | 1.79 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,974,250K ÷ $2,837,220K
= 1.40
The current ratio is a measure of a company's ability to meet its short-term obligations with its short-term assets. MasTec Inc's current ratio has fluctuated over the past few quarters, ranging from 1.40 to 1.78. The current ratio was strongest at 1.79 as of December 31, 2019, indicating that MasTec had $1.79 in current assets for every $1 in current liabilities.
Overall, MasTec's current ratio has generally been above 1, suggesting that the company has had sufficient current assets to cover its current liabilities. However, the ratio has shown some variability, which may indicate fluctuations in the company's liquidity position. It is important for investors and analysts to monitor the current ratio over time to assess MasTec's short-term liquidity and financial health.
Peer comparison
Dec 31, 2023