Molson Coors Brewing Co Class B (TAP)

Liquidity ratios

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
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
Quick 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
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

The current ratio of Molson Coors Brewing Co Class B has shown an increasing trend over the past few years, starting at a low of 0.59 as of March 31, 2020, and reaching 0.94 as of December 31, 2024. This ratio indicates that the company's current assets are sufficient to cover its current liabilities, with a ratio above 1 generally considered healthy.

The quick ratio, which excludes inventory from current assets, has also exhibited growth over the same period, from 0.17 on March 31, 2020, to 0.32 on December 31, 2024. This ratio provides a more conservative measure of liquidity as it focuses on the most liquid assets that can be quickly converted to cash to meet short-term obligations.

Moreover, the cash ratio, which further restricts current assets to only cash and cash equivalents, has followed a similar upward trajectory, from 0.17 on March 31, 2020, to 0.32 on December 31, 2024. This ratio emphasizes the company's ability to settle immediate liabilities using only its cash resources.

In summary, Molson Coors Brewing Co Class B has improved its liquidity position over time as evidenced by the increasing values of the current ratio, quick ratio, and cash ratio. This indicates the company's ability to meet its short-term financial obligations and suggests a strengthened financial position in terms of liquidity.

Additional liquidity measure

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 conversion cycle days 37.08 42.10 42.22 43.01 39.93 42.74 43.29 45.56 41.08 44.55 46.97 53.83 47.17 50.20 47.29 48.88 41.20 39.97 37.99 38.60

The cash conversion cycle of Molson Coors Brewing Co Class B, which represents the time it takes for the company to convert its investments in inventory and other resources into cash flows from sales, has shown some fluctuations over the past few years.

From March 2020 to December 2024, the cash conversion cycle varied between a low of 37.08 days in December 2024 to a high of 53.83 days in March 2022. Generally, a shorter cash conversion cycle is indicative of good liquidity management and efficiency in converting investments into cash flows, while a longer cycle may suggest potential liquidity issues or inefficiencies in the company's operations.

Overall, Molson Coors Brewing Co Class B has experienced fluctuations in its cash conversion cycle, indicating potential changes in its inventory management, accounts receivable collection, and accounts payable payment practices. Monitoring this metric closely can provide insights into the company's operational efficiency and financial health over time.