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Molson Coors Beverage Co Quick Ratio

: 0.57 (As of Jun. 2022)
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The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Molson Coors Beverage Co's quick ratio for the quarter that ended in Jun. 2022 was 0.57.

Molson Coors Beverage Co has a quick ratio of 0.57. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Molson Coors Beverage Co's Quick Ratio or its related term are showing as below:

TAP' s Quick Ratio Range Over the Past 10 Years
Min: 0.36   Med: 0.78   Max: 6.68
Current: 0.57

During the past 13 years, Molson Coors Beverage Co's highest Quick Ratio was 6.68. The lowest was 0.36. And the median was 0.78.

TAP's Quick Ratio is ranked worse than
78.8% of 217 companies
in the Beverages - Alcoholic industry
Industry Median: 1.07 vs TAP: 0.57

Molson Coors Beverage Co Quick Ratio Historical Data

The historical data trend for Molson Coors Beverage Co's Quick Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Molson Coors Beverage Co Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Quick Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.47 0.51 0.42 0.45 0.54

Molson Coors Beverage Co Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Quick Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.58 0.56 0.54 0.54 0.57

Competitive Comparison

For the Beverages - Brewers subindustry, Molson Coors Beverage Co's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Molson Coors Beverage Co Quick Ratio Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Molson Coors Beverage Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Molson Coors Beverage Co's Quick Ratio falls into.



Molson Coors Beverage Co Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

Molson Coors Beverage Co's Quick Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Quick Ratio (A: Dec. 2021 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2778.7-804.7)/3622.2
=0.54

Molson Coors Beverage Co's Quick Ratio for the quarter that ended in Jun. 2022 is calculated as

Quick Ratio (Q: Jun. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2871.9-872.4)/3514.3
=0.57

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Molson Coors Beverage Co  (NYSE:TAP) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.


Molson Coors Beverage Co Quick Ratio Related Terms

Thank you for viewing the detailed overview of Molson Coors Beverage Co's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Molson Coors Beverage Co Business Description

Molson Coors Beverage Co logo
Address
NH353, P.O. Box 4030, Golden, CO, USA, 80401
Molson Coors is the fifth- largest beer producer globally, boasting top-two positioning in the U.S., Canada, and many Central European markets. It brews and markets a slew of company-owned brands including Blue Moon, Coors, Miller, Vizzy, and Staropramen. It also sells various partner brands in certain locales such as Topo Chico (licensed from Coca-Cola), Amstel and Dos Equis in Canada (through an exclusive import/license arrangement with Heineken), and Corona in Central Europe (through an agreement with Anheuser-Busch InBev). The firm's go-to-market approach differs by geography as well, primarily using independent distributors in the U.S., but deploying hybrid models in Canada and Europe.
Executives
Williams Leroy James Jr director 10 LONGS PEAK DRIVE BROOMFIELD CO 80021-2510
D'angelo Anne-marie W officer: Chief Legal & Govt Affairs Off 801 E. 86TH AVENUE MERRILLVILLE IN 46410
Brown Julia M director C/O ABLE BRANDS CO. 30 HUDSON YARDS NEW YORK NY 10001
Stelter Roxanne officer: VP,Controller & Chf Acct Off 3939 W HIGHLAND BLVD MILWAUKEE WI 53208
Winnefeld James A Jr director 870 WINTER STREET WALTHAM MA 02451
Coors David S. director P.O. BOX 4030 NH353 GOLDEN CO 80401
O'sullivan Nessa director P.O. BOX 4030 NH353 GOLDEN CO 80401
Marino Peter John officer: President of Emerging Growth 250 SOUTH WACKER DRIVE CHICAGO IL 60606
St. Jacques Michelle officer: Chief Marketing Officer 250 SOUTH WACKER DRIVE CHICAGO IL 60606
Reichert E. Lee officer: Chief Legal & Corp Affairs Off 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Yeskov Sergey officer: Pres&CEO, Molson Coors Int'l 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Joubert Tracey officer: Chief Financial Officer 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Landtmeters Frederic officer: Pres&CEO, Molson Coors Canada 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Nettles Michelle officer: Chief People&Diversity Off MANPOWERGROUP INC. 100 MANPOWER PLACE MILWAUKEE WI 53212
Devita Betty K director 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202

Molson Coors Beverage Co Headlines

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