Coca-Cola Consolidated Inc. (COKE)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,135,820 | 635,269 | 197,648 | 142,314 | 54,793 |
| Short-term investments | US$ in thousands | 301,210 | 0 | — | — | — |
| Total current liabilities | US$ in thousands | 1,313,170 | 1,091,330 | 905,156 | 834,856 | 647,060 |
| Cash ratio | 1.09 | 0.58 | 0.22 | 0.17 | 0.08 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,135,820K
+ $301,210K)
÷ $1,313,170K
= 1.09
The cash ratio of Coca-Cola Consolidated Inc. has shown a steady and significant improvement over the years based on the provided data. Starting at 0.08 on December 31, 2020, the cash ratio increased to 0.17 by December 31, 2021, further rising to 0.22 by December 31, 2022. The ratio then saw a notable jump to 0.58 by December 31, 2023, and reached its peak at 1.09 by the end of December 31, 2024. This pattern indicates a strengthening liquidity position for the company, suggesting that it has a higher cash reserve relative to its current liabilities, which may enhance its ability to meet short-term obligations and capitalize on potential investment opportunities.
Peer comparison
Dec 31, 2024