Ingredion Incorporated (INGR)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,355,000 | 3,399,000 | 3,309,000 | 2,697,000 | 2,647,000 |
| Total current liabilities | US$ in thousands | 1,281,000 | 1,772,000 | 1,882,000 | 1,512,000 | 1,078,000 |
| Current ratio | 2.62 | 1.92 | 1.76 | 1.78 | 2.46 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,355,000K ÷ $1,281,000K
= 2.62
The current ratio of Ingredion Incorporated, a key liquidity metric, has exhibited fluctuations over the past five years. As of December 31, 2020, the current ratio stood at 2.46, indicating the company had $2.46 in current assets for every dollar of current liabilities. However, this ratio declined to 1.78 as of December 31, 2021, and further to 1.76 by the end of 2022, suggesting a weakening liquidity position.
Despite the consecutive decreases in 2021 and 2022, Ingredion's current ratio showed signs of improvement in the subsequent years. By December 31, 2023, the ratio had increased to 1.92, signaling a slight enhancement in the firm's ability to meet short-term obligations. Notably, the current ratio significantly improved to 2.62 as of December 31, 2024, surpassing the initial ratio in 2020.
Overall, while Ingredion experienced fluctuations in its current ratio over the analyzed period, the upward trend observed towards the end of the timeframe may indicate improved liquidity and the company's enhanced capacity to cover short-term liabilities with current assets. It is imperative for stakeholders to monitor this ratio continuously to assess the firm's short-term liquidity position and financial health.
Peer comparison
Dec 31, 2024