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

Company name
Symbol
Cash ratio
Corteva Inc
CTVA
0.31
Fresh Del Monte Produce Inc
FDP
0.06