Molson Coors Brewing Co Class B (TAP)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 969,300 | 868,900 | 600,000 | 637,400 | 770,100 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,045,200 | 4,092,600 | 3,375,400 | 3,622,200 | 3,909,600 |
| Cash ratio | 0.32 | 0.21 | 0.18 | 0.18 | 0.20 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($969,300K
+ $—K)
÷ $3,045,200K
= 0.32
The cash ratio of Molson Coors Brewing Co Class B, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, has shown some fluctuations over the years.
In 2020, the cash ratio was 0.20, indicating that the company had $0.20 of cash and cash equivalents for every dollar of its current liabilities. By the end of 2021 and 2022, the ratio decreased slightly to 0.18, suggesting a decrease in the company's liquidity position.
However, the cash ratio improved in 2023 to 0.21, showing that the company had slightly better liquidity to meet its short-term obligations. By the end of 2024, the cash ratio significantly increased to 0.32, indicating a notable improvement in the company's ability to cover its short-term liabilities with cash.
Overall, while there were fluctuations in the cash ratio over the years, the trend generally showed an improvement in Molson Coors Brewing Co Class B's liquidity position, particularly by the end of 2024. It is essential for investors and stakeholders to monitor this ratio to assess the company's short-term solvency and financial health effectively.
Peer comparison
Dec 31, 2024