Kraft Heinz Co (KHC)
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 | 1,334,000 | 1,284,000 | 900,000 | 1,626,000 | 1,400,000 | 1,052,000 | 947,000 | 826,000 | 1,040,000 | 997,000 | 1,518,000 | 2,978,000 | 3,445,000 | 2,273,000 | 3,941,000 | 2,360,000 | 3,417,000 | 2,720,000 | 2,812,000 | 5,403,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 7,253,000 | 7,728,000 | 7,486,000 | 7,571,000 | 8,037,000 | 7,804,000 | 8,385,000 | 8,954,000 | 9,028,000 | 8,686,000 | 9,119,000 | 9,064,000 | 9,064,000 | 8,455,000 | 9,879,000 | 7,570,000 | 8,061,000 | 7,694,000 | 8,050,000 | 7,934,000 |
| Cash ratio | 0.18 | 0.17 | 0.12 | 0.21 | 0.17 | 0.13 | 0.11 | 0.09 | 0.12 | 0.11 | 0.17 | 0.33 | 0.38 | 0.27 | 0.40 | 0.31 | 0.42 | 0.35 | 0.35 | 0.68 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,334,000K
+ $—K)
÷ $7,253,000K
= 0.18
The cash ratio of Kraft Heinz Co has fluctuated over the years based on the provided data. The cash ratio, which measures a company's ability to cover its current liabilities with its cash and cash equivalents, was 0.68 as of March 31, 2020. Subsequently, the ratio decreased to 0.35 by June 30, 2020, and remained at this level until September 30, 2020.
There was a slight increase in the cash ratio to 0.42 by December 31, 2020, but it dropped to 0.31 by March 31, 2021. The ratio recovered to 0.40 by June 30, 2021, but then declined to 0.27 by September 30, 2021. There was a slight improvement to 0.38 by December 31, 2021, but the ratio fell again to 0.33 by March 31, 2022.
The trend continued with a significant decrease to 0.17 by June 30, 2022, indicating a lower proportion of cash to current liabilities. This was followed by a further decline to 0.11 by September 30, 2022, and to 0.12 by December 31, 2022. The cash ratio continued to decrease, reaching its lowest point at 0.09 by March 31, 2023.
However, there was a small increase to 0.11 by June 30, 2023, and a further slight rise to 0.13 by September 30, 2023. The ratio improved to 0.17 by December 31, 2023, and increased further to 0.21 by March 31, 2024. It then dropped to 0.12 by June 30, 2024, but recovered slightly to 0.17 by September 30, 2024, and was maintained at 0.18 by December 31, 2024.
Overall, the fluctuation in the cash ratio of Kraft Heinz Co suggests varying levels of liquidity and ability to cover short-term obligations with cash and cash equivalents during the period analyzed.
Peer comparison
Dec 31, 2024