Molson Coors Brewing Co Class B (TAP)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,848,400 | 3,229,500 | 4,037,700 | 2,677,000 | 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 |
| 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 |
| Current ratio | 0.94 | 0.99 | 0.95 | 0.69 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,848,400K ÷ $3,045,200K
= 0.94
The current ratio of Molson Coors Brewing Co Class B has shown fluctuating trends over the past few years based on the provided data. The current ratio measures a company's ability to cover its short-term liabilities with its short-term assets.
From March 31, 2020, to June 30, 2024, the current ratio has varied between 0.59 and 0.99. While a ratio below 1 indicates that the company may have difficulties meeting its short-term obligations with its current assets, it is essential to consider industry norms and historical trends when interpreting these figures.
During this period, there have been both improvements and declines in the current ratio. Notable fluctuations occurred between September 2020 and June 2023, where the ratio increased from 0.61 to 0.87 before declining to 0.70 by December 31, 2023. The ratio then experienced a significant increase to 0.99 by September 30, 2024, indicating a potential strengthening of the company's short-term liquidity position.
It is important to further analyze the underlying reasons for these fluctuations, such as changes in current assets and liabilities, operational efficiency, or strategic decisions that may have impacted the company's liquidity position. Additionally, monitoring the current ratio over time and in comparison to industry benchmarks can provide deeper insights into Molson Coors Brewing Co Class B's financial health and liquidity management.
Peer comparison
Dec 31, 2024