Coca-Cola Consolidated Inc. (COKE)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,547,300 | 2,571,130 | 3,036,340 | 1,714,850 | 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 |
| 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 |
| Current ratio | 1.94 | 2.47 | 1.97 | 1.87 | 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 |
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 fluctuations over the past years, starting at 1.49 on March 31, 2020, and declining to a low of 1.18 on March 31, 2022. From March 31, 2022, the current ratio began to increase gradually, reaching 2.47 on September 30, 2024, before decreasing slightly to 1.94 on December 31, 2024.
Overall, the current ratio indicates the company's ability to cover its short-term obligations with its current assets. A ratio above 1 suggests that the company has more current assets than current liabilities, which is generally seen as a positive indicator of financial health. The upward trend in the current ratio from March 31, 2022, to September 30, 2024, suggests an improvement in the company's liquidity position. However, the slight decrease in the ratio by the end of 2024 indicates a potential decrease in liquidity compared to the previous period.
It is important for stakeholders and investors to continue monitoring Coca-Cola Consolidated Inc.'s current ratio to ensure the company maintains a healthy balance between its current assets and liabilities to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024