Mondelez International Inc (MDLZ)
Cash ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 1,537,000 | 1,248,000 | 1,542,000 |
| Short-term investments | US$ in thousands | — | — | 705,000 | 1,600,000 | — | — | — | — | — | 5,269,000 | 5,586 | 5,916 | 6,036 | 6,488 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 17,120,000 | 17,798,000 | 17,721,000 |
| Cash ratio | 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 | 0.11 | 0.08 | 0.09 | 0.07 | 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 measures a company's ability to pay off its current liabilities using only its cash and cash equivalents. Mondelez International Inc.'s cash ratio has fluctuated over the past eight quarters, ranging from 0.17 to 0.26.
In Q1 2023, the cash ratio was at its highest at 0.26, indicating that the company had $0.26 in cash for every $1 of current liabilities. This suggests a strong ability to cover short-term obligations with readily available cash.
Conversely, in Q4 2022, the cash ratio dropped to 0.17, the lowest in the given period. Although this indicates a lower liquidity position, the ratios in subsequent quarters show a gradual improvement.
Overall, Mondelez International Inc.'s cash ratio demonstrates a varying but generally adequate level of liquidity over the past eight quarters, with the company maintaining a sufficient amount of cash to meet its short-term obligations.
Peer comparison
Dec 31, 2023