Ingredion Incorporated (INGR)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,399,000 | 3,289,000 | 3,311,000 | 3,402,000 | 3,309,000 | 3,268,000 | 3,177,000 | 3,129,000 | 2,697,000 | 2,733,000 | 2,813,000 | 2,610,000 | 2,647,000 | 2,430,000 | 2,820,000 | 2,188,000 | 2,160,000 | 2,342,000 | 2,215,000 | 2,170,000 |
| Total current liabilities | US$ in thousands | 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 | 1,458,000 | 955,000 | 1,282,000 | 937,000 | 967,000 | 957,000 | 894,000 | 901,000 |
| Current ratio | 1.92 | 1.97 | 1.92 | 1.80 | 1.76 | 1.68 | 1.72 | 1.82 | 1.78 | 1.88 | 2.55 | 1.89 | 1.82 | 2.54 | 2.20 | 2.34 | 2.23 | 2.45 | 2.48 | 2.41 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,399,000K ÷ $1,772,000K
= 1.92
Ingredion Inc's current ratio has shown variations over the past eight quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
From Q1 2022 to Q4 2023, Ingredion Inc's current ratio has generally been above 1.5, indicating that the company has had a healthy level of current assets to meet its short-term obligations. The current ratio peaked at 1.97 in Q3 2023 and has fluctuated within the range of 1.68 to 1.97 during this period.
A current ratio above 1 suggests that Ingredion Inc has ample current assets to cover its current liabilities, which is generally seen as a positive indicator of financial health and liquidity. However, a declining trend in the current ratio over time may raise concerns about the company's ability to efficiently manage its short-term obligations.
Overall, although Ingredion Inc's current ratio has shown some fluctuations, it has generally remained at a level that indicates a strong ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023