Molson Coors Brewing Co Class B (TAP)
Cash 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 and cash equivalents | US$ in thousands | 868,900 | 801,700 | 960,900 | 328,200 | 600,000 | 525,200 | 442,100 | 358,700 | 637,400 | 616,300 | 1,308,900 | 532,700 | 770,100 | 731,300 | 780,800 | 666,100 | 523,400 | 410,200 | 490,200 | 196,200 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,092,600 | 4,237,700 | 3,829,900 | 3,306,200 | 3,375,400 | 3,591,200 | 3,514,300 | 3,555,300 | 3,622,200 | 3,779,800 | 4,891,900 | 3,596,300 | 3,909,600 | 4,310,500 | 3,805,700 | 4,003,400 | 3,695,500 | 3,888,600 | 4,080,300 | 4,202,400 |
| Cash ratio | 0.21 | 0.19 | 0.25 | 0.10 | 0.18 | 0.15 | 0.13 | 0.10 | 0.18 | 0.16 | 0.27 | 0.15 | 0.20 | 0.17 | 0.21 | 0.17 | 0.14 | 0.11 | 0.12 | 0.05 |
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 some variability over the past eight quarters. The ratio measures the company's ability to cover its short-term liabilities using only its cash and cash equivalents.
In Q2 2023, the cash ratio increased to 0.35, indicating that the company had a higher amount of cash and cash equivalents relative to its current liabilities. This could imply a stronger liquidity position during that period.
However, in Q1 2023, the cash ratio decreased to 0.21, suggesting a lower ability to cover short-term obligations with available cash. This might signal some liquidity challenges or increased short-term liabilities during that quarter.
Overall, it is important to monitor the cash ratio over time to assess Molson Coors Beverage Company's liquidity management and financial health. fluctuations in the ratio could provide insights into the company's financial resilience and ability to meet its short-term obligations using cash resources.
Peer comparison
Dec 31, 2023