Coca-Cola Consolidated Inc. (COKE)
Current ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,705,130 | 1,676,480 | 1,548,010 | 1,353,630 | 1,245,800 | 1,230,270 | 1,213,200 | 1,051,220 | 1,076,660 | 1,071,620 | 926,869 | 926,848 | 851,237 | 976,898 | 900,111 | 903,485 | 830,276 | 851,894 | 863,920 | 808,431 |
| Total current liabilities | US$ in thousands | 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 | 622,195 | 613,173 | 601,952 | 559,141 |
| Current ratio | 1.56 | 1.85 | 1.74 | 1.67 | 1.38 | 1.40 | 1.24 | 1.18 | 1.29 | 1.39 | 1.25 | 1.36 | 1.32 | 1.43 | 1.42 | 1.49 | 1.33 | 1.39 | 1.44 | 1.45 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,705,130K ÷ $1,091,330K
= 1.56
The current ratio of Coca-Cola Consolidated Inc has shown fluctuations over the past eight quarters. The ratio has generally been above 1, indicating that the company has had more current assets than current liabilities to meet its short-term obligations in most quarters.
There was a notable increase in the current ratio from Q4 2022 to Q2 2023, reaching a peak of 1.85 in Q3 2023. This suggests an improvement in the company's liquidity position and its ability to cover short-term liabilities with its current assets. However, the ratio declined in the most recent quarter (Q4 2023) to 1.56.
Overall, the trend in the current ratio indicates that Coca-Cola Consolidated Inc has been efficiently managing its working capital and liquidity position. However, it is essential to monitor the ratio in future quarters to ensure the company continues to maintain a healthy balance between current assets and liabilities.
Peer comparison
Dec 31, 2023