Ingredion Incorporated (INGR)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 997,000 | 401,000 | 236,000 | 328,000 | 665,000 |
| Short-term investments | US$ in thousands | 11,000 | 8,000 | 3,000 | 4,000 | 0 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,281,000 | 1,772,000 | 1,882,000 | 1,512,000 | 1,078,000 |
| Quick ratio | 0.79 | 0.23 | 0.13 | 0.22 | 0.62 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($997,000K
+ $11,000K
+ $—K)
÷ $1,281,000K
= 0.79
The quick ratio of Ingredion Incorporated has shown fluctuating trends over the past five years, indicating the company's ability to meet its short-term obligations with its most liquid assets.
As of December 31, 2020, the quick ratio was 0.62, suggesting that the company had $0.62 of liquid assets available to cover each dollar of current liabilities. However, by December 31, 2021, the quick ratio dropped significantly to 0.22, indicating a potential liquidity strain as the company had fewer liquid assets relative to its current liabilities.
The trend continued to decline through December 31, 2022, with a quick ratio of 0.13, signaling a further deterioration in the company's short-term liquidity position.
By December 31, 2023, the quick ratio improved slightly to 0.23, but it still remained at a relatively low level compared to previous years.
However, the quick ratio significantly rebounded by December 31, 2024, reaching 0.79, showcasing a substantial improvement in the company's ability to meet its short-term obligations with its liquid assets.
Overall, the fluctuating trend in the quick ratio of Ingredion Incorporated over the five-year period reflects varying levels of liquidity risk and underscores the importance of closely monitoring the company's short-term liquidity position.
Peer comparison
Dec 31, 2024