Corteva Inc (CTVA)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,106,000K
+ $63,000K
+ $—K)
÷ $10,386,000K
= 0.31
The quick ratio of Corteva Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at a low of 0.21 on March 31, 2020, indicating a relatively lower level of liquidity. Subsequently, the ratio improved to 0.44 by December 31, 2020, reflecting a strengthened liquidity position.
Thereafter, the quick ratio fluctuated between 0.28 and 0.48 during the period, with some quarters showing improvements while others experienced declines. The ratio hit its lowest point of 0.13 on March 31, 2023, signaling a potential liquidity risk.
Overall, the quick ratio of Corteva Inc ranged from 0.13 to 0.48 during the analyzed period. It is important for stakeholders to closely monitor this ratio to assess the company's ability to meet its short-term obligations using its liquid assets.
Peer comparison
Dec 31, 2024