Keurig Dr Pepper Inc (KDP)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,997,000 | 3,375,000 | 3,804,000 | 3,057,000 | 2,388,000 |
| Total current liabilities | US$ in thousands | 8,087,000 | 8,916,000 | 8,076,000 | 6,485,000 | 7,694,000 |
| Current ratio | 0.49 | 0.38 | 0.47 | 0.47 | 0.31 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,997,000K ÷ $8,087,000K
= 0.49
Keurig Dr Pepper Inc's current ratio has shown some fluctuations over the past five years. As of December 31, 2020, the current ratio was 0.31, indicating that the company may have had difficulty meeting its short-term obligations with its current assets at that time. However, there has been an improvement in the current ratio since then.
In both December 31, 2021, and December 31, 2022, the current ratio stood at 0.47, suggesting that the company's ability to cover its short-term liabilities with its current assets has become more stable.
There was a slight dip in the current ratio to 0.38 as of December 31, 2023, which may indicate a temporary strain on the company's liquidity position. Nonetheless, by December 31, 2024, the current ratio increased to 0.49, suggesting a rebound in the company's liquidity position and a stronger ability to meet its short-term obligations.
Overall, while the current ratio has experienced fluctuations, the trend indicates an improvement in Keurig Dr Pepper Inc's ability to cover its short-term liabilities with its current assets over the past five years.
Peer comparison
Dec 31, 2024