MasTec Inc (MTZ)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 399,903 | 529,561 | 370,592 | 360,736 | 423,118 |
| Short-term investments | US$ in thousands | — | — | 200 | 7,900 | 17,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,999,700 | 2,837,220 | 2,496,040 | 1,784,600 | 1,415,200 |
| Quick ratio | 0.13 | 0.19 | 0.15 | 0.21 | 0.31 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($399,903K
+ $—K
+ $—K)
÷ $2,999,700K
= 0.13
MasTec Inc's quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, has experienced fluctuations over the years. As of December 31, 2020, the quick ratio stood at 0.31, indicating that MasTec had $0.31 of liquid assets available to cover each $1 of current liabilities.
However, the ratio decreased to 0.21 by December 31, 2021, suggesting a potential decline in the company's short-term liquidity position. This downward trend continued into 2022, with the quick ratio dropping to 0.15, reflecting further challenges in meeting immediate financial obligations.
Despite this decline, there was a slight improvement in the quick ratio by the end of 2023, reaching 0.19. This may indicate some efforts to enhance liquidity or manage short-term liabilities more effectively.
However, by December 31, 2024, the quick ratio decreased once again to 0.13, signaling a potential strain on MasTec's ability to quickly cover its short-term debts with available liquid assets.
Overall, the trend in MasTec Inc's quick ratio highlights the importance of closely monitoring the company's liquidity position and working capital management to ensure financial stability and the ability to meet short-term obligations promptly.
Peer comparison
Dec 31, 2024