Kraft Heinz Co (KHC)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 8,097,000 | 9,125,000 | 9,168,000 | 8,835,000 |
| 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 |
| Current ratio | 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 | 1.03 | 1.00 | 1.18 | 1.11 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,929,000K ÷ $8,037,000K
= 0.99
The current ratio of Kraft Heinz Co has fluctuated over the past years, indicating changes in the company's liquidity position. A higher current ratio is generally preferred as it suggests that the company has more current assets available to cover its current liabilities.
From December 2019 to June 2020, the current ratio remained relatively stable between 1.03 to 1.34, indicating a healthy liquidity position. However, there was a significant increase in the current ratio in March 2021 to 1.74, indicating a substantial improvement in the company's ability to meet short-term obligations.
Subsequently, the current ratio declined in the following quarters, reaching a low of 0.87 in December 2022. This decline may raise concerns about the company's ability to cover its current liabilities with current assets. However, there was a slight improvement in the current ratio in the latest quarter, reaching 0.99.
Overall, the current ratio trend of Kraft Heinz Co suggests some fluctuations in liquidity over the analyzed period, with periods of strength followed by periods of weakness. Investors and analysts may need to closely monitor the company's financial performance and liquidity position to assess its ability to meet short-term obligations in the future.
Peer comparison
Dec 31, 2023