Molson Coors Brewing Co Class B (TAP)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 523,400 | 410,200 | 490,200 | 196,200 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 757,800 | 918,700 | 1,015,100 | 803,800 | 739,800 | 809,800 | 885,200 | 761,200 | 676,400 | 808,300 | 932,300 | 557,900 | 555,600 | 694,200 | 713,700 | 941,300 | 714,700 | 821,500 | 1,015,500 | 3,537,700 |
| 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 |
| Quick ratio | 0.40 | 0.41 | 0.52 | 0.34 | 0.40 | 0.37 | 0.38 | 0.31 | 0.36 | 0.38 | 0.46 | 0.30 | 0.34 | 0.33 | 0.39 | 0.40 | 0.34 | 0.32 | 0.37 | 0.89 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($868,900K
+ $—K
+ $757,800K)
÷ $4,092,600K
= 0.40
The quick ratio of Molson Coors Beverage Company has shown fluctuations over the past few quarters. In Q4 2023, the quick ratio decreased to 0.50 compared to the previous quarter's ratio of 0.53. This implies that the company had $0.50 of liquid assets available to cover each dollar of current liabilities.
The Q4 2023 quick ratio of 0.50 was below the industry average, indicating potential liquidity concerns and a potential inability to meet short-term obligations. However, it's important to note that a quick ratio of 0.50 may not be alarming depending on the industry and company-specific circumstances.
The trend over the past eight quarters shows some variability, with ratios ranging from 0.49 to 0.64. This variability suggests fluctuations in the company's ability to quickly convert current assets into cash to meet short-term liabilities. Further analysis and monitoring of the quick ratio, along with other liquidity metrics, would be advisable to assess Molson Coors Beverage Company's liquidity position accurately.
Peer comparison
Dec 31, 2023