Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Mondelēz International Inc., liquidity ratios
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | ||
|---|---|---|---|---|---|---|
| Current ratio | 0.66 | 0.50 | 0.45 | 0.48 | 0.59 | |
| Quick ratio | 0.43 | 0.28 | 0.25 | 0.27 | 0.36 | |
| Cash ratio | 0.24 | 0.08 | 0.07 | 0.05 | 0.12 |
Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Mondelēz International Inc. current ratio improved from 2018 to 2019 and from 2019 to 2020. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Mondelēz International Inc. quick ratio improved from 2018 to 2019 and from 2019 to 2020. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Mondelēz International Inc. cash ratio improved from 2018 to 2019 and from 2019 to 2020. |
Current Ratio
Mondelēz International Inc., current ratio calculation, comparison to benchmarks
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 9,979 | 7,630 | 7,604 | 7,520 | 8,480 | |
| Current liabilities | 15,159 | 15,322 | 16,737 | 15,793 | 14,417 | |
| Liquidity Ratio | ||||||
| Current ratio1 | 0.66 | 0.50 | 0.45 | 0.48 | 0.59 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Altria Group Inc. | 0.79 | 0.59 | 0.20 | 0.64 | 0.98 | |
| Coca-Cola Co. | 1.32 | 0.76 | 1.05 | 1.34 | 1.28 | |
| PepsiCo Inc. | 0.98 | 0.86 | 0.99 | 1.51 | 1.28 | |
| Philip Morris International Inc. | 1.10 | 1.09 | 1.13 | 1.35 | 1.07 | |
| Current Ratio, Sector | ||||||
| Food, Beverage & Tobacco | 0.99 | 0.79 | 0.79 | 1.17 | 1.10 | |
| Current Ratio, Industry | ||||||
| Consumer Staples | 0.93 | 0.83 | 0.82 | 1.02 | 1.05 | |
Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).
1 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 9,979 ÷ 15,159 = 0.66
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Mondelēz International Inc. current ratio improved from 2018 to 2019 and from 2019 to 2020. |
Quick Ratio
Mondelēz International Inc., quick ratio calculation, comparison to benchmarks
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 3,619 | 1,291 | 1,100 | 761 | 1,741 | |
| Trade receivables, net of allowances | 2,297 | 2,212 | 2,262 | 2,691 | 2,611 | |
| Other receivables, net of allowances | 657 | 715 | 744 | 835 | 859 | |
| Total quick assets | 6,573 | 4,218 | 4,106 | 4,287 | 5,211 | |
| Current liabilities | 15,159 | 15,322 | 16,737 | 15,793 | 14,417 | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 0.43 | 0.28 | 0.25 | 0.27 | 0.36 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Altria Group Inc. | 0.56 | 0.28 | 0.07 | 0.21 | 0.64 | |
| Coca-Cola Co. | 0.96 | 0.56 | 0.66 | 0.90 | 0.98 | |
| PepsiCo Inc. | 0.77 | 0.66 | 0.82 | 1.29 | 1.08 | |
| Philip Morris International Inc. | 0.56 | 0.56 | 0.59 | 0.76 | 0.47 | |
| Quick Ratio, Sector | ||||||
| Food, Beverage & Tobacco | 0.67 | 0.51 | 0.50 | 0.80 | 0.77 | |
| Quick Ratio, Industry | ||||||
| Consumer Staples | 0.50 | 0.41 | 0.41 | 0.55 | 0.54 | |
Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).
1 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 6,573 ÷ 15,159 = 0.43
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Mondelēz International Inc. quick ratio improved from 2018 to 2019 and from 2019 to 2020. |
Cash Ratio
Mondelēz International Inc., cash ratio calculation, comparison to benchmarks
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 3,619 | 1,291 | 1,100 | 761 | 1,741 | |
| Total cash assets | 3,619 | 1,291 | 1,100 | 761 | 1,741 | |
| Current liabilities | 15,159 | 15,322 | 16,737 | 15,793 | 14,417 | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.24 | 0.08 | 0.07 | 0.05 | 0.12 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Altria Group Inc. | 0.55 | 0.26 | 0.06 | 0.18 | 0.62 | |
| Coca-Cola Co. | 0.75 | 0.41 | 0.55 | 0.76 | 0.84 | |
| PepsiCo Inc. | 0.41 | 0.28 | 0.50 | 0.95 | 0.76 | |
| Philip Morris International Inc. | 0.37 | 0.36 | 0.38 | 0.53 | 0.26 | |
| Cash Ratio, Sector | ||||||
| Food, Beverage & Tobacco | 0.44 | 0.30 | 0.34 | 0.59 | 0.57 | |
| Cash Ratio, Industry | ||||||
| Consumer Staples | 0.36 | 0.26 | 0.27 | 0.39 | 0.39 | |
Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).
1 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 3,619 ÷ 15,159 = 0.24
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Mondelēz International Inc. cash ratio improved from 2018 to 2019 and from 2019 to 2020. |