Keurig Dr Pepper Inc (KDP)
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 | 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 | — | — |
| Receivables | US$ in thousands | 1,723,000 | 1,616,000 | 1,524,000 | 1,449,000 | 1,519,000 | 1,409,000 | 1,447,000 | 1,606,000 | 1,668,000 | 1,631,000 | 1,471,000 | 1,358,000 | 1,274,000 | 1,261,000 | 1,162,000 | 1,149,000 | 1,144,000 | 1,118,000 | 1,075,000 | 1,097,000 |
| 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 |
| Quick ratio | 0.28 | 0.27 | 0.26 | 0.25 | 0.20 | 0.18 | 0.19 | 0.20 | 0.28 | 0.35 | 0.30 | 0.30 | 0.29 | 0.22 | 0.19 | 0.22 | 0.19 | 0.19 | 0.17 | 0.19 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($510,000K
+ $—K
+ $1,723,000K)
÷ $8,087,000K
= 0.28
The quick ratio of Keurig Dr Pepper Inc has shown some fluctuations over the quarters analyzed. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
From March 31, 2020, to December 31, 2022, the quick ratio ranged between 0.17 and 0.35, indicating varying levels of liquidity. Notably, there was an increase in the ratio from September 30, 2021, to December 31, 2021, which suggests an improvement in the company's ability to cover its current liabilities with its quick assets.
However, the quick ratio decreased slightly from December 31, 2021, to March 31, 2022, but then rose steadily to reach 0.30 by June 30, 2022. This level was maintained until December 31, 2022.
In the subsequent periods, the quick ratio experienced further fluctuations, with a decrease to 0.20 by March 31, 2023, before stabilizing around the 0.25 to 0.28 range from March 31, 2024, to December 31, 2024.
Overall, while there have been fluctuations in Keurig Dr Pepper Inc's quick ratio over the analyzed periods, the ratio generally indicates the company's ability to meet its short-term obligations with its quick assets, with some improvements observed during certain quarters.
Peer comparison
Dec 31, 2024