Mondelez International Inc (MDLZ)

Current 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
Total current assets	US$ in thousands	11,703,000	11,515,000	11,622,000	12,671,000	10,091,000	9,910,000	9,210,000	9,619,000	10,342,000	10,455,000	8,654,000	8,843,000	9,979,000	9,446,000	7,995,000	9,068,000	7,630,000	8,630,000	7,836,000	8,539,000
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
Current ratio		0.62	0.61	0.65	0.68	0.60	0.69	0.68	0.68	0.74	0.73	0.61	0.61	0.66	0.74	0.55	0.53	0.50	0.50	0.44	0.48

December 31, 2023 calculation

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

The current ratio of Mondelez International Inc. has fluctuated over the past eight quarters, ranging from 0.60 to 0.69. In general, a current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its current assets alone.

Looking at the trend, we observe that the current ratio decreased from 0.68 in Q1 2023 to 0.62 in Q4 2023. This may suggest potential liquidity challenges for the company in terms of covering its short-term liabilities with its current assets.

It is important to note that while a low current ratio may indicate some liquidity risk, it is also essential to consider industry norms and the company's specific circumstances when evaluating the significance of this ratio. Further analysis of Mondelez International Inc.'s financial statements and strategic decisions would provide more insights into the overall financial health and liquidity position of the company.