Corteva Inc (CTVA)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,106,000 | 2,421,000 | 1,839,000 | 1,505,000 | 2,644,000 | 2,254,000 | 2,563,000 | 1,646,000 | 3,191,000 | 2,199,000 | 2,401,000 | 2,031,000 | 4,459,000 | 2,779,000 | 2,861,000 | 2,404,000 | 3,526,000 | 2,768,000 | 2,809,000 | 1,963,000 |
| Short-term investments | US$ in thousands | 63,000 | 72,000 | 120,000 | 153,000 | 98,000 | 108,000 | 53,000 | 85,000 | 124,000 | 119,000 | 254,000 | 290,000 | 86,000 | 103,000 | 39,000 | 114,000 | 269,000 | 152,000 | 60,000 | 10,000 |
| Total current liabilities | US$ in thousands | 10,386,000 | 10,424,000 | 8,953,000 | 11,332,000 | 10,409,000 | 10,348,000 | 10,346,000 | 13,231,000 | 10,744,000 | 8,918,000 | 7,856,000 | 9,653,000 | 9,558,000 | 7,805,000 | 7,252,000 | 8,999,000 | 8,548,000 | 7,734,000 | 7,529,000 | 9,199,000 |
| Cash ratio | 0.31 | 0.24 | 0.22 | 0.15 | 0.26 | 0.23 | 0.25 | 0.13 | 0.31 | 0.26 | 0.34 | 0.24 | 0.48 | 0.37 | 0.40 | 0.28 | 0.44 | 0.38 | 0.38 | 0.21 |
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 fluctuations over the reporting periods from March 31, 2020, to December 31, 2024. The ratio started at 0.21 on March 31, 2020, and increased to 0.48 by December 31, 2021, which indicates a significant improvement in liquidity. However, the ratio decreased to 0.13 by March 31, 2023, showing a decrease in the company's ability to cover its short-term liabilities with its cash on hand.
Subsequently, the ratio increased to 0.31 by December 31, 2024, reflecting a recovery in liquidity. Overall, fluctuations in the cash ratio suggest variations in Corteva Inc's cash position and its ability to meet short-term obligations without relying on external sources of capital. Further analysis of the company's cash management and liquidity trends would provide more insights into its financial health and stability.
Peer comparison
Dec 31, 2024