Mondelez International Inc (MDLZ)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,351,000 | 1,810,000 | 1,923,000 | 3,546,000 | 3,619,000 |
| Short-term investments | US$ in thousands | — | — | — | — | 6,036 |
| Total current liabilities | US$ in thousands | 19,549,000 | 19,013,000 | 16,731,000 | 14,008,000 | 15,159,000 |
| Cash ratio | 0.07 | 0.10 | 0.11 | 0.25 | 0.24 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,351,000K
+ $—K)
÷ $19,549,000K
= 0.07
Based on the provided data, Mondelez International Inc's cash ratio has shown a decreasing trend over the last five years. The cash ratio measures the company's ability to cover its short-term obligations with its cash and cash equivalents.
In December 31, 2020, the cash ratio was 0.24, indicating that the company had $0.24 of cash and cash equivalents for every $1 of current liabilities. By December 31, 2024, the cash ratio had decreased to 0.07, signaling a decline in the company's ability to meet its short-term financial obligations solely with readily available cash.
The decreasing trend in the cash ratio may suggest that Mondelez International Inc could be facing challenges in maintaining sufficient liquid assets to cover its short-term liabilities. It is important for investors and stakeholders to closely monitor this trend to assess the company's liquidity position and ability to meet its financial commitments in the short term.
Peer comparison
Dec 31, 2024