MasTec Inc (MTZ)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 71,427 | 43,095 | 59,176 | 43,194 |
| Short-term investments | US$ in thousands | — | — | — | — | 200 | 1,000 | 1,000 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,370,070 | 1,542,900 | 1,485,200 | 1,372,050 | 1,399,730 | 1,057,450 | 1,014,600 | 902,500 | 1,019,320 | 957,000 | 865,235 | 876,715 | 784,488 | 917,099 | 927,764 | 796,120 | 850,326 | 1,953,340 | 1,841,770 | 1,986,340 |
| 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 |
| Quick ratio | 0.67 | 0.63 | 0.66 | 0.64 | 0.71 | 0.58 | 0.61 | 0.61 | 0.77 | 0.70 | 0.67 | 0.85 | 0.85 | 0.76 | 0.64 | 0.69 | 0.76 | 1.50 | 1.37 | 1.61 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($529,561K
+ $—K
+ $1,370,070K)
÷ $2,837,220K
= 0.67
The quick ratio, which measures a company's ability to meet its short-term obligations with its most liquid assets (excluding inventory), for MasTec Inc has exhibited some fluctuation over the periods presented. The quick ratio has ranged from 0.58 to 1.61 over the past five years.
In the most recent period, as of December 31, 2023, the quick ratio stood at 0.67, indicating that the company may potentially face some challenges in meeting its short-term obligations with its readily available assets. This represents a slight decrease from the quick ratio of 0.71 in the same quarter of the previous year.
The lowest quick ratio of 0.58 was recorded on September 30, 2022, suggesting a relatively weaker liquidity position for the company during that period. On the other hand, the highest quick ratio of 1.61 was observed on March 31, 2019, indicating a strong ability to cover short-term liabilities with liquid assets during that quarter.
Overall, the trend in MasTec Inc's quick ratio over the past five years has shown some variability, with fluctuations above and below unity. Investors and stakeholders may want to further investigate the company's liquidity management strategies and monitor any changes in the quick ratio to assess the company's short-term financial health.
Peer comparison
Dec 31, 2023