Kraft Heinz Co (KHC)
Cash 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 and cash equivalents | US$ in thousands | 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 | 2,279,000 | 2,315,000 | 1,452,000 | 1,096,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 7,875,000 | 9,112,000 | 7,797,000 | 7,972,000 |
| Cash ratio | 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 | 0.29 | 0.25 | 0.19 | 0.14 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,400,000K
+ $—K)
÷ $8,037,000K
= 0.17
The cash ratio of Kraft Heinz Co has fluctuated over the past few years, ranging from a low of 0.09 to a high of 0.68. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates that the company has more cash available relative to its short-term obligations, which is generally seen as a positive sign of financial health.
In the most recent period, the cash ratio was 0.17, which suggests that the company had $0.17 in cash and cash equivalents for every dollar of current liabilities. This indicates that Kraft Heinz Co may have a moderate level of liquidity to meet its short-term obligations.
It is worth noting that the cash ratio has experienced fluctuations over time, possibly influenced by changes in the company's operating cash flows, investment activities, or financing activities. Investors and analysts may want to pay attention to trends in the cash ratio over time to assess the company's liquidity position and financial stability.
Peer comparison
Dec 31, 2023