Fresh Del Monte Produce Inc (FDP)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 32,600 | 33,800 | 17,200 | 16,100 | 16,500 |
| Short-term investments | US$ in thousands | — | 2,100 | — | — | 1,000 |
| Total current liabilities | US$ in thousands | 533,100 | 540,600 | 607,000 | 629,200 | 554,800 |
| Cash ratio | 0.06 | 0.07 | 0.03 | 0.03 | 0.03 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($32,600K
+ $—K)
÷ $533,100K
= 0.06
The cash ratio of Fresh Del Monte Produce Inc has shown relatively stable figures over the past five years, ranging between 0.03 and 0.07. This ratio indicates the company's ability to cover its short-term obligations with its available cash and cash equivalents. While the ratio remained constant at 0.03 from 2020 to 2022, there was a noticeable increase in 2023 to 0.07, suggesting improved liquidity position during that period. However, in 2024, the ratio slightly declined to 0.06, indicating a slight decrease in the company's liquidity compared to the previous year. Overall, Fresh Del Monte Produce Inc's cash ratio reflects a consistent but modest liquidity position over the analyzed period.
Peer comparison
Dec 31, 2024