Kraft Heinz Co (KHC)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,655,000 | 7,929,000 | 7,897,000 | 8,994,000 | 10,822,000 |
| Total current liabilities | US$ in thousands | 7,253,000 | 8,037,000 | 9,028,000 | 9,064,000 | 8,061,000 |
| Current ratio | 1.06 | 0.99 | 0.87 | 0.99 | 1.34 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,655,000K ÷ $7,253,000K
= 1.06
The current ratio of Kraft Heinz Co has shown a fluctuating trend over the past five years. Starting at 1.34 in December 31, 2020, it decreased to 0.99 by December 31, 2021, which indicates a potential liquidity concern as current assets may not be sufficient to cover current liabilities. The ratio further decreased to 0.87 by December 31, 2022, which may raise red flags about the company's short-term financial health.
However, there was a slight improvement in the current ratio to 0.99 by December 31, 2023, suggesting a temporary relief in liquidity position. Subsequently, by December 31, 2024, the current ratio increased to 1.06, signaling a better ability to meet short-term obligations.
Overall, it is important for investors and stakeholders to closely monitor Kraft Heinz Co's current ratio, as the fluctuating trend indicates potential challenges in managing current assets and liabilities effectively.
Peer comparison
Dec 31, 2024