Bunge Limited (BG)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,311,000 | 2,602,000 | 1,104,000 | 902,000 | 352,000 |
| Short-term investments | US$ in thousands | 484,000 | 105,000 | 119,000 | 520,000 | 346,000 |
| Total current liabilities | US$ in thousands | 7,435,000 | 7,687,000 | 9,600,000 | 9,324,000 | 10,985,000 |
| Cash ratio | 0.51 | 0.35 | 0.13 | 0.15 | 0.06 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,311,000K
+ $484,000K)
÷ $7,435,000K
= 0.51
Based on the provided data on Bunge Limited's cash ratio, we can observe that the company's cash ratio has shown a fluctuating trend over the five-year period from December 31, 2020, to December 31, 2024.
Initially, on December 31, 2020, Bunge Limited had a cash ratio of 0.06, indicating that the company's cash reserves were relatively low compared to its current liabilities. However, there was a significant improvement in the cash ratio by the end of December 31, 2021, reaching a ratio of 0.15. This suggests that Bunge Limited had a better ability to cover its short-term liabilities with its available cash.
The cash ratio decreased slightly to 0.13 by the end of December 31, 2022, indicating a slight reduction in liquidity compared to the previous year. However, there was a notable increase in the cash ratio to 0.35 on December 31, 2023, signaling a significant improvement in the company's liquidity position.
By December 31, 2024, Bunge Limited's cash ratio further improved to 0.51, indicating that the company had a more robust ability to cover its short-term obligations with its cash reserves.
Overall, the trend in Bunge Limited's cash ratio shows fluctuations but generally demonstrates an improvement in liquidity over the five-year period, suggesting that the company had better liquidity management and a stronger ability to meet its short-term financial obligations as of December 31, 2024.
Peer comparison
Dec 31, 2024