Mondelez International Inc (MDLZ)

Quick 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	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	—	—	—	—	—	—
Receivables	US$ in thousands	4,512,000	4,291,000	3,785,000	4,312,000	3,907,000	3,503,000	3,182,000	3,692,000	3,188,000	3,329,000	2,913,000	3,315,000	2,954,000	3,056,000	2,610,000	3,298,000	2,927,000	3,175,000	2,891,000	3,536,000
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
Quick ratio		0.33	0.31	0.33	0.42	0.35	0.40	0.38	0.40	0.48	0.84	0.34	0.37	0.43	0.46	0.29	0.31	0.28	0.28	0.23	0.29

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,810,000K + $—K + $4,512,000K) ÷ $19,013,000K
= 0.33

The quick ratio of Mondelez International Inc. has ranged from 0.40 to 0.49 over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its current assets.

Mondelez's quick ratio fluctuated between 0.40 and 0.49, suggesting some variability in the company's ability to quickly cover its short-term obligations. A quick ratio of 0.43 in Q4 2023 indicates that for every $1 of current liabilities, the company has $0.43 in quick assets available to cover those obligations.

Overall, Mondelez's quick ratio has shown some stability around the 0.40 to 0.49 range, indicating that the company has some level of liquidity to meet its short-term obligations. However, it would be advisable for the company to monitor and potentially improve its liquidity position to ensure it can easily meet its short-term financial commitments.