Ingredion Incorporated (INGR)
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 | 997,000 | 877,000 | 505,000 | 438,000 | 401,000 | 335,000 | 257,000 | 216,000 | 236,000 | 294,000 | 318,000 | 324,000 | 328,000 | 434,000 | 542,000 | 576,000 | 665,000 | 553,000 | 1,047,000 | 278,000 |
| Short-term investments | US$ in thousands | 11,000 | 7,000 | 5,000 | 7,000 | 8,000 | 6,000 | 6,000 | 5,000 | 3,000 | 4,000 | 4,000 | 5,000 | 4,000 | 4,000 | 7,000 | 1,000 | 0 | 0 | 1,000 | 2,000 |
| Total current liabilities | US$ in thousands | 1,281,000 | 1,255,000 | 1,230,000 | 1,283,000 | 1,772,000 | 1,668,000 | 1,720,000 | 1,892,000 | 1,882,000 | 1,949,000 | 1,845,000 | 1,721,000 | 1,512,000 | 1,457,000 | 1,101,000 | 1,380,000 | 1,078,000 | 955,000 | 1,282,000 | 937,000 |
| Cash ratio | 0.79 | 0.70 | 0.41 | 0.35 | 0.23 | 0.20 | 0.15 | 0.12 | 0.13 | 0.15 | 0.17 | 0.19 | 0.22 | 0.30 | 0.50 | 0.42 | 0.62 | 0.58 | 0.82 | 0.30 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($997,000K
+ $11,000K)
÷ $1,281,000K
= 0.79
The cash ratio of Ingredion Incorporated has exhibited fluctuations over the periods analyzed, ranging from a low of 0.12 on March 31, 2023, to a high of 0.82 on June 30, 2020. The cash ratio measures a company's ability to cover its short-term liabilities with its readily available cash and cash equivalents.
The trend of the cash ratio shows some volatility, with periods of increase and decrease. It reached its peak at 0.82 on June 30, 2020, indicating that Ingredion had a high level of cash relative to its current liabilities at that time. However, the cash ratio gradually declined over the subsequent quarters, hitting its lowest point of 0.12 on March 31, 2023, suggesting a potential strain on the company's liquidity to cover short-term obligations.
From March 31, 2023, the cash ratio started to recover, indicating an improvement in Ingredion's ability to meet its short-term liabilities with available cash. The ratio increased to 0.79 by December 31, 2024, showing a significant strengthening of the company's liquidity position over that period.
Overall, while the cash ratio of Ingredion Incorporated has shown fluctuations, the company has managed to maintain its liquidity at satisfactory levels, with periods of improvement following weaker points. It is essential for investors and analysts to closely monitor this ratio to assess the company's ability to handle short-term financial obligations effectively.
Peer comparison
Dec 31, 2024