PepsiCo Inc (PEP)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 26,950,000 | 28,649,000 | 24,954,000 | 22,427,000 | 21,539,000 | 23,543,000 | 22,633,000 | 22,342,000 | 21,783,000 | 23,710,000 | 21,597,000 | 21,196,000 | 23,001,000 | 24,060,000 | 23,189,000 | 24,268,000 | 17,645,000 | 19,198,000 | 17,917,000 | 21,893,000 |
| 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 |
| Current ratio | 0.85 | 0.88 | 0.84 | 0.87 | 0.80 | 0.92 | 0.83 | 0.87 | 0.83 | 0.95 | 0.91 | 0.93 | 0.98 | 0.93 | 0.97 | 1.10 | 0.86 | 0.95 | 0.94 | 0.99 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $26,950,000K ÷ $31,647,000K
= 0.85
The current ratio of PepsiCo Inc has fluctuated over the past few years, ranging from a low of 0.80 to a high of 1.10. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations.
PepsiCo's current ratio has generally been below 1, suggesting that the company may have had challenges in meeting its short-term obligations with its current assets alone. However, it is important to consider the industry norms and compare PepsiCo's current ratio to its competitors to get a better understanding of its liquidity position.
The fluctuation in the current ratio over time may indicate changes in the company's liquidity position, such as variations in its current assets and liabilities. Investors and analysts should closely monitor PepsiCo's current ratio trends to assess its short-term financial health and ability to meet upcoming obligations.
Peer comparison
Dec 31, 2023