Mondelez International Inc (MDLZ)
Cash ratio
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,351,000 | 1,517,000 | 1,376,000 | 1,810,000 | 1,610,000 | 1,482,000 | 1,917,000 | 1,923,000 | 2,177,000 | 1,924,000 | 1,946,000 | 3,546,000 | 3,401,000 | 1,938,000 | 2,028,000 | 3,619,000 | 2,759,000 | 1,602,000 | 1,925,000 | 1,291,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 705,000 | 1,600,000 | — | — | — | — | — | 5,269,000 | 13,000 | 13,000 | 6,036 | 13,000 | 34,000 | 73,000 | 19,000 |
| Total current liabilities | US$ in thousands | 19,549,000 | 21,073,000 | 25,288,000 | 19,013,000 | 18,936,000 | 18,002,000 | 18,531,000 | 16,731,000 | 14,321,000 | 13,578,000 | 14,103,000 | 14,008,000 | 14,259,000 | 14,085,000 | 14,550,000 | 15,159,000 | 12,685,000 | 14,539,000 | 17,004,000 | 15,322,000 |
| Cash ratio | 0.07 | 0.07 | 0.05 | 0.10 | 0.09 | 0.12 | 0.19 | 0.11 | 0.15 | 0.14 | 0.14 | 0.25 | 0.61 | 0.14 | 0.14 | 0.24 | 0.22 | 0.11 | 0.12 | 0.09 |
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
The cash ratio of Mondelez International Inc has shown fluctuations over the past few years. As of December 31, 2019, the cash ratio was at 0.09, indicating that the company had $0.09 in cash and cash equivalents for every $1 of current liabilities. The ratio increased to 0.12 by March 31, 2020, but then decreased to 0.11 by June 30, 2020.
There was a significant increase in the cash ratio to 0.22 by September 30, 2020, and continued to rise to 0.24 by December 31, 2020, showing an improvement in the company's ability to cover its short-term obligations with its available cash.
The trend continued to March 31, 2021, with a cash ratio of 0.14, and remained stable at 0.14 by June 30, 2021, and September 30, 2021. However, there was a substantial spike in the cash ratio to 0.61 by September 30, 2021, suggesting a significant increase in cash reserves compared to short-term liabilities.
The cash ratio decreased to 0.25 by December 31, 2021, and fluctuated around this level for the following quarters. As of March 31, 2024, the cash ratio was at 0.05, indicating a decrease in the company's liquidity position compared to previous periods.
Overall, the cash ratio fluctuated during the period under review, showing variable levels of liquidity and ability to cover short-term obligations with cash on hand. It is important for investors and stakeholders to monitor these fluctuations to assess the company's liquidity position and financial health.
Peer comparison
Dec 31, 2024