Starbucks Corporation (SBUX)
Cash ratio
| Sep 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,286,200 | 2,764,100 | 3,000,400 | 3,551,500 | 3,357,000 | 3,071,800 | 3,186,500 | 2,818,400 | 3,177,500 | 3,913,400 | 3,969,400 | 6,455,700 | 4,753,100 | 3,880,700 | 5,028,100 | 4,350,900 | 3,965,900 | 2,572,300 | 3,040,500 | 2,686,600 |
| Short-term investments | US$ in thousands | 257,000 | 362,500 | 383,000 | 401,500 | 263,000 | 379,400 | 123,900 | 364,500 | 76,900 | 82,100 | 87,400 | 162,200 | 153,600 | 123,000 | 235,500 | 281,200 | 229,900 | 52,900 | 68,400 | 70,500 |
| Total current liabilities | US$ in thousands | 9,070,000 | 7,528,900 | 9,395,600 | 9,345,300 | 9,214,600 | 9,121,800 | 9,246,200 | 9,151,800 | 8,402,400 | 9,104,300 | 8,921,100 | 8,151,400 | 7,799,800 | 6,505,100 | 7,883,900 | 7,346,800 | 8,002,000 | 8,265,800 | 8,675,500 | 6,168,700 |
| Cash ratio | 0.39 | 0.42 | 0.36 | 0.42 | 0.39 | 0.38 | 0.36 | 0.35 | 0.39 | 0.44 | 0.45 | 0.81 | 0.63 | 0.62 | 0.67 | 0.63 | 0.52 | 0.32 | 0.36 | 0.45 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,286,200K
+ $257,000K)
÷ $9,070,000K
= 0.39
The cash ratio of Starbucks Corporation has shown some fluctuation over the past several quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.
From Q4 2019 to Q2 2020, the cash ratio ranged between 0.32 and 0.52, relatively stable within that period. There was an increase in Q3 2020 to 0.63, followed by a decrease in subsequent quarters.
In the most recent quarters, the cash ratio has been relatively stable, ranging between 0.36 and 0.42. This suggests that Starbucks has maintained a consistent ability to cover its short-term liabilities with its available cash and cash equivalents.
It is important for Starbucks to monitor its cash ratio over time to ensure it maintains a sufficient level of liquidity to meet its short-term obligations and unexpected expenses.
Peer comparison
Sep 30, 2024