Mondelez International Inc (MDLZ)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,351,000 | 1,810,000 | 1,923,000 | 3,546,000 | 3,619,000 |
| Short-term investments | US$ in thousands | — | — | — | — | 6,036 |
| Receivables | US$ in thousands | 4,811,000 | 4,512,000 | 3,907,000 | 3,188,000 | 2,954,000 |
| Total current liabilities | US$ in thousands | 19,549,000 | 19,013,000 | 16,731,000 | 14,008,000 | 15,159,000 |
| Quick ratio | 0.32 | 0.33 | 0.35 | 0.48 | 0.43 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,351,000K
+ $—K
+ $4,811,000K)
÷ $19,549,000K
= 0.32
The quick ratio of Mondelez International Inc has shown fluctuations over the past five years. As of December 31, 2020, the quick ratio was 0.43, indicating that the company had $0.43 of liquid assets available to cover each dollar of current liabilities. By December 31, 2021, the quick ratio had improved to 0.48, suggesting a better ability to meet short-term obligations.
However, the quick ratio decreased to 0.35 by December 31, 2022, and further declined to 0.33 by December 31, 2023. This downward trend may signal potential liquidity challenges for the company, as the quick ratio is now lower than the previous years.
As of December 31, 2024, the quick ratio dropped even further to 0.32, indicating a continued strain on Mondelez International Inc's ability to cover its short-term liabilities with its liquid assets. It is essential for the company to closely monitor its liquidity position and take necessary steps to ensure adequate resources are available to meet its financial obligations in a timely manner.
Peer comparison
Dec 31, 2024