The Coca-Cola Company (KO)
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 | 25,997,000 | 30,288,000 | 31,599,000 | 29,462,000 | 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 |
| Total current liabilities | US$ in thousands | 25,249,000 | 28,569,000 | 29,263,000 | 28,356,000 | 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 |
| Current ratio | 1.03 | 1.06 | 1.08 | 1.04 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $25,997,000K ÷ $25,249,000K
= 1.03
The current ratio of The Coca-Cola Company has shown fluctuating trends over the past few years. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, has improved from 0.87 as of March 31, 2020, to its peak at 1.52 as of September 30, 2021. This indicates the company's ability to meet its short-term obligations has strengthened during this period.
However, since then, the current ratio has slightly declined to 1.13 as of December 31, 2021, and has remained relatively stable around the 1.13 to 1.15 range through March 31, 2024. Although the current ratio has dropped from its peak, it still generally indicates that the company has sufficient current assets to cover its short-term liabilities.
It is crucial for investors and stakeholders to continue monitoring the company's current ratio to ensure that The Coca-Cola Company maintains a healthy balance between current assets and liabilities, which is essential for its financial stability and operational efficiency.
Peer comparison
Dec 31, 2024