Ingredion Incorporated (INGR)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
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 fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
From March 2020 to June 2020, there was a notable improvement in the quick ratio, indicating better short-term liquidity. However, from September 2020 to December 2020, the ratio decreased slightly but remained at a reasonable level.
In the following quarters, from March 2021 to March 2022, there was a significant decline in the quick ratio, indicating potential difficulties in meeting short-term liabilities with its liquid assets.
From June 2022 to December 2024, the quick ratio fluctuated within a range of 0.13 to 0.79, showing some instability in the company's short-term liquidity position.
Overall, the trend in the quick ratio reflects periods of both improvement and decline in Ingredion Incorporated's ability to cover its short-term obligations with its liquid assets. It would be essential for stakeholders to monitor these fluctuations to assess the company's ongoing liquidity management.
Peer comparison
Dec 31, 2024