The Coca-Cola Company (KO)

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	26,732,000	27,867,000	27,591,000	26,880,000	22,591,000	24,139,000	23,141,000	22,156,000	22,545,000	24,240,000	22,481,000	21,932,000	19,240,000	30,410,000	29,371,000	28,234,000	20,411,000	23,117,000	24,360,000	28,540,000
Total current liabilities	US$ in thousands	23,571,000	24,409,000	24,115,000	23,357,000	19,724,000	21,439,000	20,531,000	18,787,000	19,950,000	15,990,000	15,299,000	16,486,000	14,601,000	26,891,000	26,848,000	32,397,000	26,973,000	25,100,000	29,382,000	27,943,000
Current ratio		1.13	1.14	1.14	1.15	1.15	1.13	1.13	1.18	1.13	1.52	1.47	1.33	1.32	1.13	1.09	0.87	0.76	0.92	0.83	1.02

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 remained relatively stable over the past eight quarters, hovering around the range of 1.13 to 1.18. The current ratio measures the company's ability to meet its short-term obligations with its current assets.

A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a healthy liquidity position. The slight fluctuations in Coca-Cola's current ratio may be reflective of changes in the company's current assets and liabilities over time.

Overall, Coca-Cola Co's current ratio of 1.13 to 1.18 over the past eight quarters indicates that the company has generally been able to meet its short-term financial obligations with its current assets. However, it is important to consider other factors such as the composition of current assets and liabilities to fully assess the company's liquidity position.