Coca-Cola Consolidated Inc. (COKE)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,135,820K
+ $301,210K
+ $—K)
÷ $1,313,170K
= 1.09
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of less than 1 indicates that a company may struggle to pay its current liabilities. In the case of Coca-Cola Consolidated Inc., the quick ratio has fluctuated over the past few years, ranging from as low as 0.07 to as high as 1.39.
The quick ratio was particularly low at 0.07 on June 30, 2021, which may have raised concerns about the company's short-term liquidity. However, there was a notable improvement in the quick ratio over the subsequent quarters, with the ratio reaching 1.39 on September 30, 2024, indicating a strong ability to cover its current liabilities with its liquid assets.
Overall, the trend in Coca-Cola Consolidated Inc.'s quick ratio shows variability but demonstrates a generally improving liquidity position over the period under review. This suggests that the company has been able to better manage its short-term obligations and maintain a healthier liquidity position over time.
Peer comparison
Dec 31, 2024