Mondelez International Inc (MDLZ)

Current ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Total current assets US$ in thousands 11,703,000 10,091,000 10,342,000 9,979,000 7,630,000
Total current liabilities US$ in thousands 19,013,000 16,731,000 14,008,000 15,159,000 15,322,000
Current ratio 0.62 0.60 0.74 0.66 0.50

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $11,703,000K ÷ $19,013,000K
= 0.62

Mondelez International Inc.'s current ratio has fluctuated over the past five years. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations.

In the last year, as of December 31, 2023, Mondelez's current ratio stood at 0.62, which is slightly higher compared to the previous year's ratio of 0.60. Despite the increase, the current ratio remains below 1, suggesting that the company may still face challenges in meeting its short-term financial obligations.

The highest current ratio in the past five years was observed in 2021 at 0.74, indicating a temporary improvement in the company's liquidity position. However, this was followed by a decrease in the ratio over the next two years.

Mondelez's current ratio reached its lowest point in 2019 at 0.50, indicating a potential liquidity risk. Since then, there has been some improvement in the ratio, but it still indicates that the company may have limited ability to cover its short-term liabilities with its current assets.

In conclusion, Mondelez International Inc.'s current ratio has varied over the years, showing some improvement but generally remaining below 1, highlighting potential liquidity concerns that investors and analysts should continue to monitor.


Peer comparison

Dec 31, 2023


See also:

Mondelez International Inc Current Ratio