Keurig Dr Pepper Inc (KDP)
Cash 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 and cash equivalents | US$ in thousands | 510,000 | 552,000 | 438,000 | 317,000 | 267,000 | 260,000 | 278,000 | 204,000 | 535,000 | 925,000 | 552,000 | 592,000 | 567,000 | 200,000 | 167,000 | 335,000 | 240,000 | 191,000 | 149,000 | 197,000 |
| Short-term investments | US$ in thousands | — | -76,000 | — | — | — | -67,000 | — | — | 49,000 | — | — | — | 59,000 | 3,000 | 2,000 | 88,000 | 88,000 | 90,000 | — | — |
| Total current liabilities | US$ in thousands | 8,087,000 | 7,699,000 | 7,509,000 | 7,004,000 | 8,916,000 | 8,814,000 | 9,056,000 | 9,127,000 | 8,076,000 | 7,233,000 | 6,761,000 | 6,448,000 | 6,485,000 | 6,795,000 | 6,917,000 | 7,225,000 | 7,694,000 | 7,329,000 | 7,298,000 | 6,858,000 |
| Cash ratio | 0.06 | 0.06 | 0.06 | 0.05 | 0.03 | 0.02 | 0.03 | 0.02 | 0.07 | 0.13 | 0.08 | 0.09 | 0.10 | 0.03 | 0.02 | 0.06 | 0.04 | 0.04 | 0.02 | 0.03 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($510,000K
+ $—K)
÷ $8,087,000K
= 0.06
The cash ratio of Keurig Dr Pepper Inc has fluctuated over the years based on the provided data. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
From March 31, 2020, to June 30, 2020, the cash ratio decreased from 0.03 to 0.02, indicating a slight decrease in the company's ability to cover its short-term obligations with cash.
During the subsequent quarters, the cash ratio experienced fluctuations, reaching its lowest point of 0.02 on multiple occasions (June 30, 2021, March 31, 2023, and September 30, 2023). This suggests potential liquidity challenges during those periods.
On the other hand, in December 31, 2021, and September 30, 2022, the cash ratio improved to 0.10 and 0.13, respectively, reflecting a stronger ability to meet short-term obligations through available cash.
As of December 31, 2024, the cash ratio stood at 0.06, indicating a moderate level of liquidity. Overall, the cash ratio trended between 0.02 and 0.13 during the analyzed period, reflecting varying degrees of liquidity and ability to cover short-term liabilities with cash.
Peer comparison
Dec 31, 2024