The Coca-Cola Company (KO)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	26,732,000	22,591,000	22,545,000	19,240,000	20,411,000
Total current liabilities	US$ in thousands	23,571,000	19,724,000	19,950,000	14,601,000	26,973,000
Current ratio		1.13	1.15	1.13	1.32	0.76

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $26,732,000K ÷ $23,571,000K
= 1.13

The current ratio of Coca-Cola Co has exhibited variability over the past five years. In 2023, the current ratio stands at 1.13, showing a slight decrease compared to the previous year. This ratio implies that for every dollar of current liabilities, Coca-Cola Co has $1.13 of current assets available to cover these short-term obligations.

The current ratio was relatively stable from 2021 to 2022 at 1.13 and 1.15, respectively. However, there was a significant decrease in 2020 to 1.32, indicating improved liquidity compared to the preceding years. In contrast, in 2019, the current ratio was notably lower at 0.76, suggesting lower liquidity and potentially higher risk as compared to the recent years.

Overall, the current ratio of Coca-Cola Co has shown some fluctuations, which could be influenced by changes in the company's current assets and liabilities. It is essential for investors and analysts to further investigate the components of current assets and liabilities to gain a more in-depth understanding of the company's liquidity position.