Ingredion Incorporated (INGR)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,355,000 | 3,351,000 | 3,099,000 | 3,125,000 | 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 |
| 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 |
| Current ratio | 2.62 | 2.67 | 2.52 | 2.44 | 1.92 | 1.97 | 1.92 | 1.80 | 1.76 | 1.68 | 1.72 | 1.82 | 1.78 | 1.88 | 2.55 | 1.89 | 2.46 | 2.54 | 2.20 | 2.34 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,355,000K ÷ $1,281,000K
= 2.62
Ingredion Incorporated's current ratio has displayed some fluctuations over the periods analyzed. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
From March 31, 2020, to December 31, 2020, the current ratio ranged from 2.34 to 2.54, indicating a strong ability to meet short-term obligations. However, from March 31, 2021, to December 31, 2021, the current ratio dropped to a range of 1.78 to 1.89, suggesting a slight weakening in liquidity.
Throughout 2022 and the first half of 2023, the current ratio remained below 2, reflecting potential difficulties in managing short-term obligations. From March 31, 2024, the current ratio started to improve, reaching levels between 2.44 and 2.67 by the end of December 31, 2024.
It is important to note that while a current ratio above 1 typically indicates a company's ability to meet short-term obligations, a higher ratio is generally preferred as it provides a buffer for unexpected changes in the business environment. Ingredion should continue to monitor its current ratio to ensure sufficient liquidity for operational needs and financial stability.
Peer comparison
Dec 31, 2024