PepsiCo Inc (PEP)
Cash ratio
| Dec 31, 2023 | Sep 9, 2023 | Jun 17, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 3, 2022 | Jun 11, 2022 | Mar 19, 2022 | Dec 31, 2021 | Sep 4, 2021 | Jun 12, 2021 | Mar 20, 2021 | Dec 31, 2020 | Sep 5, 2020 | Jun 13, 2020 | Mar 21, 2020 | Dec 31, 2019 | Sep 7, 2019 | Mar 23, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 9,711,000 | 10,017,000 | 6,116,000 | 4,770,000 | 4,954,000 | 6,415,000 | 5,405,000 | 6,561,000 | 5,596,000 | 6,506,000 | 5,449,000 | 5,661,000 | 8,185,000 | 9,094,000 | 8,927,000 | 11,089,000 | 5,509,000 | 5,494,000 | 5,072,000 | 8,721,000 |
| Short-term investments | US$ in thousands | 292,000 | 266,000 | 338,000 | 434,000 | 394,000 | 327,000 | 287,000 | 343,000 | 392,000 | 344,000 | 328,000 | 964,000 | 1,366,000 | 611,000 | 196,000 | 158,000 | 229,000 | 287,000 | 289,000 | 272,000 |
| Total current liabilities | US$ in thousands | 31,647,000 | 32,660,000 | 29,618,000 | 25,837,000 | 26,785,000 | 25,653,000 | 27,223,000 | 25,824,000 | 26,220,000 | 25,077,000 | 23,623,000 | 22,693,000 | 23,372,000 | 26,009,000 | 23,827,000 | 22,078,000 | 20,461,000 | 20,131,000 | 19,090,000 | 22,138,000 |
| Cash ratio | 0.32 | 0.31 | 0.22 | 0.20 | 0.20 | 0.26 | 0.21 | 0.27 | 0.23 | 0.27 | 0.24 | 0.29 | 0.41 | 0.37 | 0.38 | 0.51 | 0.28 | 0.29 | 0.28 | 0.41 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($9,711,000K
+ $292,000K)
÷ $31,647,000K
= 0.32
The cash ratio of PepsiCo Inc has shown fluctuations over the past few years. It peaked at 0.51 on March 21, 2020, indicating that the company had a higher proportion of cash compared to its current liabilities at that time. This could suggest better liquidity and the ability to cover short-term obligations readily.
However, the cash ratio has generally ranged between 0.20 to 0.41 in recent years, indicating that PepsiCo Inc has maintained a moderate level of cash relative to its current liabilities. A lower cash ratio may suggest a reliance on other liquid assets or short-term financing to meet its obligations.
The trend in the cash ratio over time reflects the company's management of its cash position and liquidity needs. A decreasing trend in the cash ratio could be a signal for further analysis of the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023