Bunge Limited (BG)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 15,958,000 | 16,350,000 | 16,758,000 | 16,460,000 | 16,181,000 |
| Total current liabilities | US$ in thousands | 7,435,000 | 7,687,000 | 9,600,000 | 9,324,000 | 10,985,000 |
| Current ratio | 2.15 | 2.13 | 1.75 | 1.77 | 1.47 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $15,958,000K ÷ $7,435,000K
= 2.15
The current ratio of Bunge Limited has shown a steadily increasing trend over the past five years, indicating an improvement in the company's short-term liquidity position. The ratio increased from 1.47 as of December 31, 2020, to 2.15 as of December 31, 2024. This suggests that Bunge has been able to enhance its ability to meet its short-term obligations and cover its current liabilities with its current assets. A current ratio above 1 indicates that a company has more current assets than current liabilities, which is a positive sign for creditors and investors as it demonstrates the firm's strong financial health and ability to meet its short-term financial obligations. Overall, the increasing current ratio of Bunge Limited reflects a strengthening liquidity position and efficient management of current assets and liabilities over the years.
Peer comparison
Dec 31, 2024