MasTec Inc (MTZ)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 399,903 | 181,225 | 297,586 | 249,326 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 200 | 1,000 | 1,000 | 3,000 | 7,900 | — | — | — | 17,000 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.13 | 0.06 | 0.11 | 0.09 | 0.19 | 0.08 | 0.05 | 0.06 | 0.15 | 0.05 | 0.07 | 0.13 | 0.21 | 0.14 | 0.14 | 0.31 | 0.31 | 0.16 | 0.03 | 0.06 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($399,903K
+ $—K
+ $—K)
÷ $2,999,700K
= 0.13
The quick ratio, also known as the acid-test ratio, measures a company's ability to cover its short-term liabilities with its most liquid assets. A quick ratio below 1 indicates that a company may have difficulty meeting its short-term obligations.
Analyzing MasTec Inc's quick ratio from March 31, 2020, to December 31, 2024, we can observe fluctuations in the ratio over time.
The quick ratio increased from 0.06 in March 31, 2020, to 0.31 by December 31, 2020, suggesting an improvement in the company's liquidity position. However, there was a decrease to 0.14 by June 30, 2021, indicating potential challenges in covering short-term obligations.
The ratio continued to fluctuate between 0.14 and 0.21 until December 31, 2021. From March 31, 2022, to September 30, 2024, the quick ratio experienced a downward trend, falling to 0.05 by June 30, 2024. This decline could raise concerns about MasTec Inc's ability to meet its short-term liabilities with its quick assets.
Overall, the trend in MasTec Inc's quick ratio indicates fluctuations in liquidity levels over the period, with some quarters showing improvements while others displaying challenges in meeting short-term obligations promptly. It would be advisable for stakeholders to further investigate the underlying reasons for these fluctuations to assess the company's financial health accurately.
Peer comparison
Dec 31, 2024