Starbucks Corporation (SBUX)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 4,763,300 | 2,055,100 |
| Short-term investments | US$ in thousands | 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 | 72,100 | 76,600 |
| Total current liabilities | US$ in thousands | 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 | 5,895,800 | 5,273,400 |
| Cash ratio | 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 | 0.82 | 0.40 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,000,400K
+ $383,000K)
÷ $9,395,600K
= 0.36
The cash ratio of Starbucks Corp. has fluctuated over the past eight quarters, ranging from 0.39 to 0.48. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates that the company has a greater amount of cash and cash equivalents relative to its current liabilities, suggesting a stronger ability to meet its short-term obligations.
The decrease in the cash ratio from 0.48 in Apr 3, 2022, to 0.40 in Dec 31, 2023, may indicate a potential reduction in the company's ability to cover its short-term liabilities with its available cash. However, it's important to consider other liquidity ratios and overall financial performance to gain a comprehensive understanding of Starbucks Corp.'s liquidity position.
Peer comparison
Dec 31, 2023