The Marzetti Company (MZTI)
Quick ratio
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 161,476 | 124,561 | 203,073 | 135,058 | 163,443 | 164,756 | 133,848 | 73,746 | 88,473 | 82,861 | 95,487 | 64,219 | 60,283 | 67,085 | 114,011 | 130,089 | 188,055 | 211,121 | 216,381 | 186,088 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 95,817 | 106,859 | 99,150 | 101,505 | 95,560 | 102,637 | 100,188 | 120,076 | 114,967 | 130,506 | 126,919 | 136,241 | 135,496 | 110,131 | 104,769 | 108,365 | 97,897 | 97,877 | 87,530 | 96,993 |
| Total current liabilities | US$ in thousands | 186,294 | 186,384 | 167,250 | 173,177 | 183,969 | 189,786 | 163,376 | 167,208 | 168,752 | 196,451 | 180,171 | 190,915 | 165,585 | 179,477 | 172,832 | 179,787 | 173,923 | 151,983 | 140,628 | 139,819 |
| Quick ratio | 1.38 | 1.24 | 1.81 | 1.37 | 1.41 | 1.41 | 1.43 | 1.16 | 1.21 | 1.09 | 1.23 | 1.05 | 1.18 | 0.99 | 1.27 | 1.33 | 1.64 | 2.03 | 2.16 | 2.02 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($161,476K
+ $—K
+ $95,817K)
÷ $186,294K
= 1.38
The Marzetti Company's quick ratio over the period from September 2020 to June 2025 demonstrates a generally stable liquidity position with some fluctuations. At the beginning of the analysis period, the quick ratio was notably strong at 2.02 as of September 30, 2020, indicating that the company had more than twice the liquid assets necessary to cover its current liabilities. This elevated level persisted into December 2020, increasing to 2.16, further emphasizing a robust liquidity cushion.
Between March 2021 and June 2021, the ratio experienced a slight decline from 2.03 to 1.64, suggesting some reduction in liquid assets relative to current liabilities but still maintaining a comfortable margin. A more pronounced decrease is observed starting in September 2021, where the ratio dropped to 1.33, continuing downward to 1.27 in December 2021, and then further to 0.99 in March 2022. This decline indicates a tightening of liquidity, approaching the generally acceptable benchmark of 1.0, which signals that liquid assets were nearly equivalent to current liabilities.
From June 2022 onward, the ratio fluctuated modestly around the 1.0 to 1.2 range. Specifically, the ratio was 1.18 in June 2022, 1.05 in September 2022, and recovered slightly to 1.23 by December 2022. The ratio remained relatively stable through 2023, with figures such as 1.09 in March 2023, 1.21 in June 2023, and a slight decline to 1.16 in September 2023. The upward trend is evident in December 2023, where the ratio increased to 1.43, reflecting improved liquidity.
Further data indicate a general stability with ratios around 1.4 in early 2024, reaching 1.81 in December 2024, suggesting enhanced liquidity during that period. The subsequent months saw some reduction but maintained above 1.3, with 1.24 in March 2025 and 1.38 in June 2025.
Overall, the company's quick ratio has exhibited resilience, initially strong, experiencing a period of decline, and subsequently recovering towards the latter part of the analysis period. The fluctuations reflect adjustments in liquid asset management relative to short-term obligations. Despite variability, the ratio generally remains above 1.0 during most of the timeline, indicating that The Marzetti Company has maintained a stable liquidity position with sufficient liquid assets to meet immediate liabilities, though some periods of tightening merit attention for ongoing liquidity management.
Peer comparison
Jun 30, 2025