Molson Coors Brewing Co Class B (TAP)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 868,900 | 600,000 | 637,400 | 770,100 | 523,400 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,092,600 | 3,375,400 | 3,622,200 | 3,909,600 | 3,695,500 |
| Cash ratio | 0.21 | 0.18 | 0.18 | 0.20 | 0.14 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($868,900K
+ $—K)
÷ $4,092,600K
= 0.21
The cash ratio of Molson Coors Beverage Company has shown stability over the past five years, ranging from 0.20 to 0.30. This ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents. The consistency of the cash ratio suggests that Molson Coors has maintained a prudent level of cash reserves relative to its short-term obligations. While the ratio has fluctuated slightly, it has mostly remained around 0.29, reflecting a relatively strong liquidity position for the company. This stability in the cash ratio implies that Molson Coors has been able to effectively manage its cash resources to meet its short-term financial commitments across the years analyzed.
Peer comparison
Dec 31, 2023