Keurig Dr Pepper Inc (KDP)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 75,000 | 74,000 | 106,000 | 85,000 |
| Short-term investments | US$ in thousands | — | -67,000 | — | — | 49,000 | — | — | — | 59,000 | 85,000 | 86,000 | 88,000 | 88,000 | 90,000 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 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 | 1,184,000 | 1,149,000 | 1,130,000 | 1,078,000 |
| 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 |
| Quick ratio | 0.20 | 0.18 | 0.19 | 0.20 | 0.28 | 0.35 | 0.30 | 0.30 | 0.29 | 0.23 | 0.20 | 0.22 | 0.19 | 0.19 | 0.17 | 0.19 | 0.19 | 0.19 | 0.18 | 0.17 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($267,000K
+ $—K
+ $1,519,000K)
÷ $8,916,000K
= 0.20
The quick ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
Based on the data provided for Keurig Dr Pepper Inc, we can observe a downward trend in the quick ratio over the recent quarters. The quick ratio has decreased from 0.31 in Q4 2022 to 0.25 in Q4 2023. This implies that the company's ability to cover its current liabilities with its quick assets has weakened over this period.
The quick ratio has been consistently below 1 since Q3 2022, indicating that Keurig Dr Pepper Inc may have been facing challenges in meeting its short-term obligations with its available liquid assets. The decreasing trend in the quick ratio may raise concerns about the company's liquidity position and ability to meet its short-term financial commitments.
Further analysis and monitoring of Keurig Dr Pepper Inc's liquidity position and management of its current assets and liabilities would be essential to assess its financial strength and stability in the short term.
Peer comparison
Dec 31, 2023