Keurig Dr Pepper Inc (KDP)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	3,375,000	3,406,000	3,570,000	3,586,000	3,804,000	4,325,000	3,771,000	3,490,000	3,057,000	2,803,000	2,616,000	2,665,000	2,388,000	2,416,000	2,240,000	2,277,000	2,273,000	2,269,000	2,221,000	2,162,000
Total current liabilities	US$ in thousands	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	6,474,000	6,550,000	6,695,000	6,656,000
Current ratio		0.38	0.39	0.39	0.39	0.47	0.60	0.56	0.54	0.47	0.41	0.38	0.37	0.31	0.33	0.31	0.33	0.35	0.35	0.33	0.32

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $3,375,000K ÷ $8,916,000K
= 0.38

The current ratio of Keurig Dr Pepper Inc has fluctuated over the past eight quarters, ranging from 0.38 to 0.60. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its current assets.

In the most recent quarter, Q4 2023, the current ratio stands at 0.38, the lowest level in the past two years. This suggests that the company may have limited liquidity and may struggle to cover its current liabilities with its current assets.

Historically, the company has generally maintained a current ratio above 0.50, with the exception of the most recent quarters. The declining trend in the current ratio over the past year warrants further investigation into Keurig Dr Pepper Inc's liquidity position and its ability to manage its short-term obligations effectively.