Mondelez International Inc (MDLZ)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,810,000 | 1,923,000 | 3,546,000 | 3,619,000 | 1,291,000 |
| Short-term investments | US$ in thousands | — | — | — | 6,036 | 19,000 |
| Total current liabilities | US$ in thousands | 19,013,000 | 16,731,000 | 14,008,000 | 15,159,000 | 15,322,000 |
| Cash ratio | 0.10 | 0.11 | 0.25 | 0.24 | 0.09 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,810,000K
+ $—K)
÷ $19,013,000K
= 0.10
The cash ratio of Mondelez International Inc. has fluctuated over the past five years. In 2023, the cash ratio stands at 0.19, indicating that the company has $0.19 in cash for every $1 of current liabilities. Compared to the previous year, the cash ratio has increased from 0.17 in 2022.
Looking back further, the cash ratio was at its highest in 2021 at 0.32, suggesting an improved liquidity position for the company at that time. In 2020, the ratio was 0.29, showing a slight decline from the previous year. The lowest cash ratio in the provided data set was in 2019 at 0.14, indicating that the company had the least amount of cash relative to its current liabilities in that year.
Overall, the trend in Mondelez International Inc.'s cash ratio demonstrates some variability in the company's ability to cover its short-term obligations with cash on hand. It is important for investors and analysts to monitor this ratio to assess the company's liquidity position and ability to meet its short-term financial commitments.
Peer comparison
Dec 31, 2023