Molson Coors Brewing Co Class B (TAP)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,848,500 | 3,087,800 | 3,329,200 | 2,551,600 | 2,638,000 | 2,749,400 | 2,871,900 | 2,870,600 | 2,778,700 | 2,919,900 | 3,602,100 | 2,365,900 | 2,418,800 | 2,640,500 | 2,542,700 | 2,372,500 | 2,184,400 | 2,286,900 | 2,600,400 | 2,338,000 |
| 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 |
| Current ratio | 0.70 | 0.73 | 0.87 | 0.77 | 0.78 | 0.77 | 0.82 | 0.81 | 0.77 | 0.77 | 0.74 | 0.66 | 0.62 | 0.61 | 0.67 | 0.59 | 0.59 | 0.59 | 0.64 | 0.56 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,848,500K ÷ $4,092,600K
= 0.70
The current ratio of Molson Coors Beverage Company has been fluctuating over the past eight quarters, ranging from a low of 0.70 in Q4 2023 to a high of 0.87 in Q2 2023. This ratio indicates the company's ability to cover its short-term liabilities with its current assets. A ratio below 1 suggests that the company may have difficulty meeting its short-term obligations.
The company's current ratio has shown some volatility, with Q2 and Q3 2023 experiencing healthier ratios compared to the surrounding quarters. However, the downward trend in Q4 2023 indicates a potential liquidity challenge.
It is important for investors and analysts to monitor the company's trend in current ratio over time to assess its liquidity position and ability to manage short-term financial obligations effectively. Further analysis of the company's current assets and current liabilities composition may provide insights into the factors driving these fluctuations in the current ratio.
Peer comparison
Dec 31, 2023