Molson Coors Brewing Co Class B (TAP)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 969,300 | 868,900 | 600,000 | 637,400 | 770,100 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,045,200 | 4,092,600 | 3,375,400 | 3,622,200 | 3,909,600 |
| Quick ratio | 0.32 | 0.21 | 0.18 | 0.18 | 0.20 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($969,300K
+ $—K
+ $—K)
÷ $3,045,200K
= 0.32
The quick ratio of Molson Coors Brewing Co Class B, a measure of its short-term liquidity and ability to meet immediate obligations, has fluctuated over the years.
As of December 31, 2020, the quick ratio was 0.20, indicating that the company had $0.20 of liquid assets available to cover each dollar of current liabilities. This implies a relatively low level of short-term liquidity.
Subsequently, the quick ratio decreased to 0.18 by December 31, 2021 and remained at the same level by December 31, 2022. This suggests a slight deterioration in the company's ability to meet its short-term obligations with its readily available assets.
However, there was a slight improvement in the quick ratio to 0.21 by December 31, 2023, indicating a slightly better position in terms of short-term liquidity.
The most significant improvement in the quick ratio was observed by December 31, 2024, with a ratio of 0.32. This indicates that the company had significantly increased its ability to cover its current liabilities with its quick assets.
In conclusion, while there were fluctuations in the quick ratio of Molson Coors Brewing Co Class B over the years, the trend shows some variability but also moments of improvement in the company's short-term liquidity position.
Peer comparison
Dec 31, 2024