GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MasTec Inc (NYSE:MTZ) » Definitions » Current Ratio

MTZ (MasTec) Current Ratio : 1.24 (As of Sep. 2024)


View and export this data going back to 1990. Start your Free Trial

What is MasTec Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. MasTec's current ratio for the quarter that ended in Sep. 2024 was 1.24.

MasTec has a current ratio of 1.24. It generally indicates good short-term financial strength.

The historical rank and industry rank for MasTec's Current Ratio or its related term are showing as below:

MTZ' s Current Ratio Range Over the Past 10 Years
Min: 1.24   Med: 1.56   Max: 1.94
Current: 1.24

During the past 13 years, MasTec's highest Current Ratio was 1.94. The lowest was 1.24. And the median was 1.56.

MTZ's Current Ratio is ranked worse than
69.6% of 1740 companies
in the Construction industry
Industry Median: 1.56 vs MTZ: 1.24

MasTec Current Ratio Historical Data

The historical data trend for MasTec's Current 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.

MasTec Current Ratio Chart

MasTec Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.78 1.67 1.61 1.55 1.40

MasTec Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.44 1.40 1.31 1.27 1.24

Competitive Comparison of MasTec's Current Ratio

For the Engineering & Construction subindustry, MasTec's Current Ratio, along with its competitors' market caps and Current 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.


MasTec's Current Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, MasTec's Current Ratio distribution charts can be found below:

* The bar in red indicates where MasTec's Current Ratio falls into.



MasTec Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

MasTec's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )=Total Current Assets (A: Dec. 2023 )/Total Current Liabilities (A: Dec. 2023 )
=3974.253/2837.219
=1.40

MasTec's Current Ratio for the quarter that ended in Sep. 2024 is calculated as

Current Ratio (Q: Sep. 2024 )=Total Current Assets (Q: Sep. 2024 )/Total Current Liabilities (Q: Sep. 2024 )
=3572.895/2887.751
=1.24

* 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.


MasTec  (NYSE:MTZ) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


MasTec Current Ratio Related Terms

Thank you for viewing the detailed overview of MasTec's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


MasTec Business Description

Traded in Other Exchanges
Address
800 S. Douglas Road, 12th Floor, Coral Gables, FL, USA, 33134
MasTec is a leading infrastructure construction company operating mainly in North America across a range of industries. The company's primary activities include the engineering, building, installation, maintenance, and upgrade of communications, oil and gas, utility, renewable energy, and other infrastructure. MasTec reports its results under five reportable segments: communications; clean energy and infrastructure; oil and gas; power delivery; and other.
Executives
Robert E Apple officer: Chief Operations Officer 800 S DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
C Robert Campbell officer: EVP & CFO 800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
Timothy Michael Love officer: CAO 8915 GEORGE WILLIAMS RD., KNOXVILLE TN 37923
Ernst N Csiszar director 2600 S RIVER ROAD, DES PLAINES IL 60018
Javier Alberto Palomarez director 3405 PINNEY POINT DRIVE, FLOWER MOUND TX 75022
Paul Dimarco officer: CFO 800 S. DOUGLAS ROAD, SUITE 1200, CORAL GABLES FL 33134
Ava L Parker director 1469 HARRINGTON PARK DRIVE, JACKSONVILLE FL 32225
De Cardenas Alberto I officer: Executive Vice President 800 S DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES X1 33134
George Pita officer: CFO 3000 NW 107TH AVENUE, MIAMI FL 33172
Robert J Dwyer director 880 SOUTH OCEAN BOULEVARD, PALM BEACH FL 33480
Jose S Sorzano director AUSTIN GROUP INC, 5305 LEE HIGHWAY NORTH, ARLINGTON VA 22207
Julia L Johnson director NETCOMMUNICATIONS LLC, 614 GRAND HIGHWAY, CLAREMONT FL 34711
Jorge Mas director, 10 percent owner 800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
Jose Ramon Mas director, officer: EVP 800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
Daniel A Restrepo director C/O MASTEC, INC., 800 S. DOUGLAS RD., 12TH FLOOR, CORAL GABLES FL 33134

MasTec Headlines

From GuruFocus

MasTec Inc (MTZ) Stock Price Up 3.29% on Sep 19

By GuruFocus Research 09-19-2024

Q2 2024 MasTec Inc Earnings Call Transcript

By GuruFocus Research 08-03-2024

MasTec Inc (MTZ) Shares Up 3.26% on Oct 16

By GuruFocus News 10-16-2024

Q3 2024 MasTec Inc Earnings Call Transcript

By GuruFocus News 11-02-2024

Decoding MasTec Inc (MTZ): A Strategic SWOT Insight

By GuruFocus News 11-02-2024

MasTec Inc (MTZ) Shares Up 7.58% on Nov 1

By GuruFocus News 11-01-2024

MasTec Inc (MTZ) Shares Up 3.35% on Nov 4

By GuruFocus News 11-04-2024