Kraft Heinz Co (KHC)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,655,000 | 8,202,000 | 7,530,000 | 8,233,000 | 7,929,000 | 7,838,000 | 7,994,000 | 8,216,000 | 7,897,000 | 7,860,000 | 8,138,000 | 9,275,000 | 8,994,000 | 9,557,000 | 11,385,000 | 13,136,000 | 10,822,000 | 10,065,000 | 8,776,000 | 11,708,000 |
| 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 |
| Current ratio | 1.06 | 1.06 | 1.01 | 1.09 | 0.99 | 1.00 | 0.95 | 0.92 | 0.87 | 0.90 | 0.89 | 1.02 | 0.99 | 1.13 | 1.15 | 1.74 | 1.34 | 1.31 | 1.09 | 1.48 |
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 fluctuated over the past few years, starting at 1.48 as of March 31, 2020, and dropping to as low as 0.87 by December 31, 2022. The current ratio measures the company's ability to cover its short-term obligations with its current assets, with a ratio above 1 indicating the company has more current assets than current liabilities.
While the ratio improved to 1.09 by March 31, 2024, it continued to vary between 0.89 and 1.15 in the intervening quarters. This fluctuation may indicate changes in the company's liquidity position, potentially affecting its ability to meet short-term obligations.
Investors and creditors typically look for a stable or increasing current ratio to ensure the company can easily meet its short-term financial obligations. Analyzing the trend of the current ratio over time can provide insights into Kraft Heinz Co's liquidity management and financial health.
Peer comparison
Dec 31, 2024