Fresh Del Monte Produce Inc (FDP)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 32,600 | 33,800 | 17,200 | 16,100 | 16,500 |
| Short-term investments | US$ in thousands | — | 2,100 | — | — | 1,000 |
| Receivables | US$ in thousands | 512,400 | 526,000 | 504,200 | 476,100 | 435,200 |
| Total current liabilities | US$ in thousands | 533,100 | 540,600 | 607,000 | 629,200 | 554,800 |
| Quick ratio | 1.02 | 1.04 | 0.86 | 0.78 | 0.82 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($32,600K
+ $—K
+ $512,400K)
÷ $533,100K
= 1.02
Fresh Del Monte Produce Inc's quick ratio has fluctuated over the past five years, starting at 0.82 in December 31, 2020, decreasing slightly to 0.78 by December 31, 2021, then gradually increasing to 0.86 by December 31, 2022. It experienced a significant improvement to 1.04 by December 31, 2023, and remained strong at 1.02 by December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio greater than 1 indicates that the company has enough liquid assets to cover its current liabilities. Fresh Del Monte Produce Inc's increasing trend in the quick ratio over the years suggests an improvement in its short-term liquidity position, indicating the company's ability to cover its immediate financial obligations more comfortably.
Peer comparison
Dec 31, 2024