The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Matthews International's quick ratio for the quarter that ended in Dec. 2023 was 1.15.
Matthews International has a quick ratio of 1.15. It generally indicates good short-term financial strength.
The historical rank and industry rank for Matthews International's Quick Ratio or its related term are showing as below:
MATW'
s Quick Ratio Range Over the Past 10 Years
Min: 0.92 Med: 1.45 Max: 1.87
Current: 1.15
During the past 13 years, Matthews International's highest Quick Ratio was 1.87. The lowest was 0.92. And the median was 1.45.
MATW's Quick Ratio is ranked worse than 51.5% of 532
companies
in the Conglomerates industry
Industry Median: 1.175
vs MATW: 1.15
Matthews International Quick Ratio Historical Data
The historical data trend for Matthews International's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Matthews International Annual Data
Trend
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Quick Ratio
1.44
1.26
1.23
0.98
0.98
Matthews International Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Quick Ratio
1.06
0.92
0.92
0.98
1.15
Competitive Comparison
For the Conglomerates subindustry, Matthews International's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Matthews International Quick Ratio Distribution
For the Conglomerates industry and Industrials sector, Matthews International's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Matthews International's Quick Ratio falls into.
Matthews International Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Matthews International's Quick Ratio for the fiscal year that ended in Sep. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Matthews International (NAS:MATW) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Matthews International Quick Ratio Related Terms
Thank you for viewing the detailed overview of Matthews International's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Matthews International (Matthews International) Business Description
Matthews International Corp is a personal services company that primarily provides brand solution services, memorialization products, and industrial products in the United States and Europe. The majority of Matthews' revenue is derived from its SGK Brand Solutions business, which provides brand development services, printing equipment, creative design services, and embossing tools to the consumer packaged goods and packaging industries. The company's Memorialization segment, which sells bronze and granite memorials, caskets, and cremation equipment to the cemetery and funeral home industries, also contributes a significant amount. Most of Matthews' revenue is generated from sales made in the U.S., while European customers also contribute a sizable percentage.
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