Liquidity ratios measure the company ability to meet its short-term obligations.

Mondelēz International Inc., liquidity ratios (quarterly data)

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Current ratio	0.77	0.62	0.61	0.65	0.68	0.60	0.69	0.68	0.68	0.74	0.73	0.61	0.61	0.66	0.74	0.55	0.53	0.50	0.50	0.44	0.48
Quick ratio	0.21	0.29	0.27	0.25	0.29	0.30	0.35	0.32	0.35	0.42	0.43	0.30	0.32	0.39	0.41	0.25	0.27	0.23	0.24	0.19	0.24
Cash ratio	0.05	0.10	0.09	0.08	0.10	0.11	0.15	0.14	0.14	0.25	0.24	0.14	0.14	0.24	0.22	0.11	0.11	0.08	0.09	0.07	0.09

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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 Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
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 Q3 2023 to Q4 2023 but then deteriorated significantly from Q4 2023 to Q1 2024.
Cash ratio	A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities.	Mondelēz International Inc. cash ratio improved from Q3 2023 to Q4 2023 but then deteriorated significantly from Q4 2023 to Q1 2024.

Mondelēz International Inc., current ratio calculation (quarterly data)

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Selected Financial Data (US$ in millions)
Current assets	19,426)	11,703)	11,515)	11,622)	12,671)	10,091)	9,910)	9,210)	9,619)	10,342)	10,455)	8,654)	8,843)	9,979)	9,446)	7,995)	9,068)	7,630)	8,630)	7,836)	8,539)
Current liabilities	25,288)	19,013)	18,936)	18,002)	18,531)	16,731)	14,321)	13,578)	14,103)	14,008)	14,259)	14,085)	14,550)	15,159)	12,685)	14,539)	17,004)	15,322)	17,120)	17,798)	17,721)
Liquidity Ratio
Current ratio¹	0.77	0.62	0.61	0.65	0.68	0.60	0.69	0.68	0.68	0.74	0.73	0.61	0.61	0.66	0.74	0.55	0.53	0.50	0.50	0.44	0.48
Benchmarks
Current Ratio, Competitors²
Altria Group Inc.	0.48	0.49	0.33	0.37	0.78	0.84	0.50	0.49	0.62	0.71	0.74	0.72	0.80	0.79	0.77	0.75	0.71	0.59	0.56	0.56	0.62
Coca-Cola Co.	1.04	1.13	1.14	1.14	1.15	1.15	1.13	1.13	1.18	1.13	1.52	1.47	1.33	1.32	1.13	1.09	0.87	0.76	0.92	0.83	1.02
PepsiCo Inc.	0.86	0.85	0.88	0.84	0.87	0.80	0.92	0.83	0.87	0.83	0.95	0.91	0.93	0.98	0.93	0.97	1.10	0.86	0.95	0.86	0.94
Philip Morris International Inc.	0.94	0.75	0.89	0.85	0.85	0.72	0.92	0.89	0.92	0.92	1.00	1.18	1.18	1.10	1.12	1.13	1.02	1.09	1.08	0.95	0.85

¹ Q1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 19,426 ÷ 25,288 = 0.77

² Click competitor name to see calculations.

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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 Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Mondelēz International Inc., quick ratio calculation (quarterly data)

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents	1,376)	1,810)	1,610)	1,482)	1,917)	1,923)	2,177)	1,924)	1,946)	3,546)	3,401)	1,938)	2,028)	3,619)	2,759)	1,602)	1,925)	1,291)	1,537)	1,248)	1,542)
Trade receivables, net of allowance	3,998)	3,634)	3,498)	2,934)	3,502)	3,088)	2,819)	2,467)	2,943)	2,337)	2,673)	2,226)	2,655)	2,297)	2,491)	1,979)	2,628)	2,212)	2,492)	2,179)	2,781)
Total quick assets	5,374)	5,444)	5,108)	4,416)	5,419)	5,011)	4,996)	4,391)	4,889)	5,883)	6,074)	4,164)	4,683)	5,916)	5,250)	3,581)	4,553)	3,503)	4,029)	3,427)	4,323)

Current liabilities	25,288)	19,013)	18,936)	18,002)	18,531)	16,731)	14,321)	13,578)	14,103)	14,008)	14,259)	14,085)	14,550)	15,159)	12,685)	14,539)	17,004)	15,322)	17,120)	17,798)	17,721)
Liquidity Ratio
Quick ratio¹	0.21	0.29	0.27	0.25	0.29	0.30	0.35	0.32	0.35	0.42	0.43	0.30	0.32	0.39	0.41	0.25	0.27	0.23	0.24	0.19	0.24
Benchmarks
Quick Ratio, Competitors²
Altria Group Inc.	0.34	0.33	0.15	0.23	0.63	0.67	0.31	0.31	0.49	0.54	0.37	0.35	0.59	0.56	0.52	0.53	0.52	0.28	0.23	0.25	0.35
Coca-Cola Co.	0.75	0.72	0.78	0.82	0.81	0.77	0.80	0.78	0.80	0.81	1.17	1.12	0.99	0.96	0.93	0.88	0.68	0.56	0.69	0.62	0.57
PepsiCo Inc.	0.64	0.66	0.68	0.60	0.61	0.58	0.68	0.59	0.63	0.56	0.65	0.66	0.68	0.77	0.73	0.75	0.89	0.66	0.73	0.61	0.69
Philip Morris International Inc.	0.41	0.28	0.36	0.37	0.31	0.29	0.48	0.47	0.44	0.44	0.49	0.59	0.53	0.56	0.55	0.52	0.43	0.56	0.57	0.45	0.36

¹ Q1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 5,374 ÷ 25,288 = 0.21

² Click competitor name to see calculations.

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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 Q3 2023 to Q4 2023 but then deteriorated significantly from Q4 2023 to Q1 2024.

Mondelēz International Inc., cash ratio calculation (quarterly data)

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents	1,376)	1,810)	1,610)	1,482)	1,917)	1,923)	2,177)	1,924)	1,946)	3,546)	3,401)	1,938)	2,028)	3,619)	2,759)	1,602)	1,925)	1,291)	1,537)	1,248)	1,542)
Total cash assets	1,376)	1,810)	1,610)	1,482)	1,917)	1,923)	2,177)	1,924)	1,946)	3,546)	3,401)	1,938)	2,028)	3,619)	2,759)	1,602)	1,925)	1,291)	1,537)	1,248)	1,542)

Current liabilities	25,288)	19,013)	18,936)	18,002)	18,531)	16,731)	14,321)	13,578)	14,103)	14,008)	14,259)	14,085)	14,550)	15,159)	12,685)	14,539)	17,004)	15,322)	17,120)	17,798)	17,721)
Liquidity Ratio
Cash ratio¹	0.05	0.10	0.09	0.08	0.10	0.11	0.15	0.14	0.14	0.25	0.24	0.14	0.14	0.24	0.22	0.11	0.11	0.08	0.09	0.07	0.09
Benchmarks
Cash Ratio, Competitors²
Altria Group Inc.	0.33	0.33	0.15	0.07	0.43	0.47	0.31	0.31	0.49	0.53	0.36	0.32	0.58	0.55	0.50	0.51	0.50	0.26	0.21	0.23	0.33
Coca-Cola Co.	0.60	0.58	0.63	0.65	0.61	0.59	0.62	0.57	0.55	0.63	0.93	0.85	0.76	0.75	0.79	0.74	0.55	0.41	0.52	0.45	0.43
PepsiCo Inc.	0.28	0.32	0.31	0.22	0.20	0.20	0.26	0.21	0.27	0.23	0.27	0.24	0.29	0.41	0.37	0.38	0.51	0.28	0.29	0.19	0.29
Philip Morris International Inc.	0.18	0.12	0.14	0.15	0.11	0.12	0.26	0.25	0.23	0.23	0.25	0.31	0.26	0.37	0.31	0.27	0.23	0.36	0.36	0.22	0.17

¹ Q1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 1,376 ÷ 25,288 = 0.05

² Click competitor name to see calculations.

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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 Q3 2023 to Q4 2023 but then deteriorated significantly from Q4 2023 to Q1 2024.

Mondelēz International Inc. (NASDAQ:MDLZ)

Analysis of Liquidity Ratios
Quarterly Data