Mondelez International Inc (MDLZ)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 13,242,000 | 11,703,000 | 10,091,000 | 10,342,000 | 9,979,000 |
| Total current liabilities | US$ in thousands | 19,549,000 | 19,013,000 | 16,731,000 | 14,008,000 | 15,159,000 |
| Current ratio | 0.68 | 0.62 | 0.60 | 0.74 | 0.66 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $13,242,000K ÷ $19,549,000K
= 0.68
The current ratio of Mondelez International Inc has exhibited some fluctuations over the past five years. As of December 31, 2020, the current ratio stood at 0.66, indicating that the company had $0.66 in current assets for every $1 in current liabilities. By the end of 2021, the ratio had improved to 0.74, suggesting a stronger liquidity position. However, in the following years, the current ratio decreased to 0.60 in 2022 and 0.62 in 2023 before experiencing a slight uptick to 0.68 by the end of 2024.
Overall, the current ratio of Mondelez International Inc has been below 1 in all the years provided, indicating that the company may have faced challenges in meeting its short-term obligations using its current assets alone. It is important to monitor this ratio closely as it reflects the company's liquidity and ability to cover its immediate liabilities.
Peer comparison
Dec 31, 2024