Corteva Inc (CTVA)
Cash ratio
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Cash and cash equivalents | US$ in thousands | 3,106,000 | 2,644,000 | 3,191,000 | 4,459,000 | 3,526,000 |
Short-term investments | US$ in thousands | 63,000 | 98,000 | 124,000 | 86,000 | 269,000 |
Total current liabilities | US$ in thousands | 10,386,000 | 10,409,000 | 10,744,000 | 9,558,000 | 8,548,000 |
Cash ratio | 0.31 | 0.26 | 0.31 | 0.48 | 0.44 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,106,000K
+ $63,000K)
÷ $10,386,000K
= 0.31
The cash ratio of Corteva Inc has shown some fluctuation over the years based on the provided data. As of December 31, 2020, the cash ratio was 0.44, indicating that the company had $0.44 in cash and cash equivalents for every $1 of current liabilities. This ratio improved slightly to 0.48 by December 31, 2021, suggesting a stronger liquidity position.
However, there was a notable decline in the cash ratio to 0.31 by December 31, 2022, indicating a decrease in the company's ability to cover its short-term obligations with its cash reserves. This downward trend continued into the following year, with a further drop to 0.26 by December 31, 2023, reflecting a potentially concerning liquidity situation.
The cash ratio then increased to 0.31 by December 31, 2024, showing some improvement from the previous year but still below the levels seen in 2021. Overall, Corteva Inc's cash ratio has displayed variability, and it would be important for the company to closely monitor its liquidity position to ensure it can meet its short-term financial obligations.
Peer comparison
Dec 31, 2024