Bunge Limited (BG)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 7,435,000 | 7,687,000 | 9,600,000 | 9,324,000 | 10,985,000 |
| Quick ratio | 0.51 | 0.35 | 0.13 | 0.15 | 0.06 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,311,000K
+ $484,000K
+ $—K)
÷ $7,435,000K
= 0.51
The quick ratio of Bunge Limited has shown a fluctuating trend over the past five years. It was notably low at 0.06 as of December 31, 2020, indicating a potential liquidity concern. Subsequently, there was an improvement in the quick ratio to 0.15 by the end of 2021, suggesting a better ability to meet short-term obligations. However, the ratio decreased slightly to 0.13 by December 31, 2022, possibly indicating a dip in liquidity.
In the following year, the quick ratio significantly improved to 0.35 as of December 31, 2023, reflecting a stronger ability to cover short-term liabilities with liquid assets. The most recent data point as of December 31, 2024, shows a further improvement in the quick ratio to 0.51, indicating a robust liquidity position.
Overall, the company's quick ratio has shown variability over the years but seems to have strengthened recently, suggesting an enhanced ability to address short-term financial obligations with its current liquid assets. It is essential for stakeholders to monitor this ratio consistently to assess Bunge Limited's ongoing liquidity management.
Peer comparison
Dec 31, 2024