Molson Coors Brewing Co Class B (TAP)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 969,300 | 1,021,700 | 1,647,300 | 458,400 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,045,200 | 3,248,200 | 4,236,300 | 3,863,000 | 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 |
| Cash ratio | 0.32 | 0.31 | 0.39 | 0.12 | 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 |
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 has shown fluctuations over the period from March 31, 2020, to December 31, 2024, ranging from 0.10 to 0.39. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
The analysis reveals that the company had a relatively low cash ratio of 0.10 in March 31, 2022, and March 31, 2023, indicating a lower level of cash reserves compared to its short-term obligations during those periods.
However, the cash ratio improved significantly to 0.39 by June 30, 2024, indicating a substantial increase in the company's ability to meet its short-term liabilities with its available cash and cash equivalents. This could be attributed to improved cash management or an increase in cash balances during that period.
Overall, the trend in the cash ratio for Molson Coors Brewing Co Class B demonstrates varying levels of liquidity and the company's ability to meet its short-term obligations with its cash resources over the analyzed period.
Peer comparison
Dec 31, 2024