Fresh Del Monte Produce Inc (FDP)
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 | 32,600 | 50,800 | 37,800 | 42,200 | 33,800 | 77,900 | 43,800 | 35,700 | 17,200 | 27,900 | 15,600 | 25,300 | 16,100 | 19,000 | 19,600 | 26,400 | 16,500 | 14,000 | 31,500 | 20,700 |
| Short-term investments | US$ in thousands | — | — | — | 900 | 2,100 | — | — | — | — | — | — | — | — | 3,000 | 2,000 | 1,000 | 1,000 | 1,000 | 1,000 | — |
| Total current liabilities | US$ in thousands | 533,100 | 556,900 | 532,000 | 546,200 | 540,600 | 577,700 | 598,200 | 603,000 | 607,000 | 634,700 | 663,000 | 676,300 | 629,200 | 588,600 | 563,300 | 598,700 | 554,800 | 549,200 | 551,500 | 592,800 |
| Cash ratio | 0.06 | 0.09 | 0.07 | 0.08 | 0.07 | 0.13 | 0.07 | 0.06 | 0.03 | 0.04 | 0.02 | 0.04 | 0.03 | 0.04 | 0.04 | 0.05 | 0.03 | 0.03 | 0.06 | 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 fluctuations over the reported periods, ranging from 0.02 to 0.13. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates that the company has more cash on hand relative to its current liabilities, suggesting a stronger liquidity position.
The company's cash ratio reached its lowest point in June 2022 at 0.02, indicating a relatively weaker ability to cover short-term obligations with cash. However, the ratio improved in the subsequent periods, reaching its peak at 0.13 in September 2023, reflecting an enhanced liquidity position.
Overall, the cash ratio of Fresh Del Monte Produce Inc has displayed some volatility but has generally stayed within a reasonable range. It is important for the company to maintain a sufficient cash level to meet its short-term obligations and unexpected financial needs. Management should continue to monitor and manage the cash position effectively to ensure financial stability and sustainability.
Peer comparison
Dec 31, 2024