Coca-Cola Consolidated Inc. (COKE)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,135,820 | 1,236,010 | 1,699,290 | 401,260 | 635,269 | 616,217 | 430,172 | 289,781 | 197,648 | 163,244 | 188,803 | 127,085 | 142,314 | 186,878 | 54,204 | 51,828 | 54,793 | 164,823 | 77,550 | 47,748 |
| Short-term investments | US$ in thousands | 301,210 | 215,044 | 198,771 | 183,639 | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,313,170 | 1,040,860 | 1,539,610 | 917,876 | 1,091,330 | 907,833 | 891,982 | 812,575 | 905,156 | 876,695 | 977,433 | 894,071 | 834,856 | 768,296 | 743,952 | 683,907 | 647,060 | 683,990 | 634,230 | 607,990 |
| Cash ratio | 1.09 | 1.39 | 1.23 | 0.64 | 0.58 | 0.68 | 0.48 | 0.36 | 0.22 | 0.19 | 0.19 | 0.14 | 0.17 | 0.24 | 0.07 | 0.08 | 0.08 | 0.24 | 0.12 | 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 fluctuations over the periods analyzed. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
From March 31, 2020, to June 30, 2021, the cash ratio ranged between 0.07 and 0.24, indicating some variability in the company's liquidity position. However, there was a notable increase in the cash ratio from September 30, 2021, to December 31, 2024, with the ratio consistently above 1. This suggests that Coca-Cola Consolidated Inc. significantly improved its ability to cover short-term liabilities with its cash reserves during this period.
The cash ratio reaching above 1 from June 30, 2024, to September 30, 2024, indicates that the company could fully cover its short-term obligations solely with its cash on hand. This is a positive sign of strong liquidity and financial stability for Coca-Cola Consolidated Inc.
Peer comparison
Dec 31, 2024