Coca-Cola Consolidated Inc. (COKE)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,135,820 | 635,269 | 197,648 | 142,314 | 54,793 |
| Short-term investments | US$ in thousands | 301,210 | 0 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,313,170 | 1,091,330 | 905,156 | 834,856 | 647,060 |
| Quick ratio | 1.09 | 0.58 | 0.22 | 0.17 | 0.08 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,135,820K
+ $301,210K
+ $—K)
÷ $1,313,170K
= 1.09
The quick ratio of Coca-Cola Consolidated Inc. has shown an increasing trend over the past five years, from 0.08 as of December 31, 2020, to 1.09 as of December 31, 2024. This indicates an improvement in the company's short-term liquidity position.
A quick ratio greater than 1 suggests that the company has an adequate level of liquid assets to cover its current liabilities. As of December 31, 2024, Coca-Cola Consolidated Inc. appears to be in a strong financial position in terms of meeting its short-term obligations.
The consistent growth in the quick ratio reflects the company's ability to efficiently manage its current assets and liabilities, ensuring that it can quickly meet its financial obligations as they come due. Overall, the increasing quick ratio is a positive indicator of Coca-Cola Consolidated Inc.'s financial health and liquidity position.
Peer comparison
Dec 31, 2024