Coca-Cola Consolidated Inc. (COKE)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,547,300 | 1,705,130 | 1,245,800 | 1,076,660 | 851,237 |
| Total current liabilities | US$ in thousands | 1,313,170 | 1,091,330 | 905,156 | 834,856 | 647,060 |
| Current ratio | 1.94 | 1.56 | 1.38 | 1.29 | 1.32 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,547,300K ÷ $1,313,170K
= 1.94
The current ratio of Coca-Cola Consolidated Inc. has shown a fluctuating trend over the past five years. As of December 31, 2020, the current ratio stood at 1.32, indicating that the company had $1.32 in current assets for every $1 in current liabilities.
However, by December 31, 2021, the current ratio decreased to 1.29, suggesting a slight decline in the company's ability to cover its short-term obligations with its current assets.
Subsequently, there was an improvement in the current ratio by December 31, 2022, where it increased to 1.38, signaling a stronger liquidity position compared to the previous year.
The trend continued to improve as of December 31, 2023, with the current ratio reaching 1.56, indicating that the company had ample current assets to meet its short-term liabilities.
By the end of December 31, 2024, the current ratio significantly improved to 1.94, reflecting a substantial increase in liquidity and the company's ability to comfortably cover its short-term obligations with its current assets.
Overall, the current ratio of Coca-Cola Consolidated Inc. has shown variability, with fluctuations in different years, but generally improving over the period under review, indicating a healthy liquidity position and the ability to meet short-term financial obligations.
Peer comparison
Dec 31, 2024