Starbucks Corporation (SBUX)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,847,400 | 6,465,000 | 6,569,500 | 7,303,400 | 7,170,700 | 7,046,200 | 6,934,900 | 7,018,700 | 7,067,500 | 7,541,100 | 7,255,100 | 9,756,400 | 7,931,700 | 6,979,500 | 8,357,500 | 7,806,400 | 7,581,000 | 5,749,900 | 5,899,700 | 5,653,900 |
| 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 |
| Current ratio | 0.75 | 0.86 | 0.70 | 0.78 | 0.78 | 0.77 | 0.75 | 0.77 | 0.84 | 0.83 | 0.81 | 1.20 | 1.02 | 1.07 | 1.06 | 1.06 | 0.95 | 0.70 | 0.68 | 0.92 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,847,400K ÷ $9,070,000K
= 0.75
The current ratio of Starbucks Corporation has shown some fluctuations over the past few quarters, ranging from 0.70 to 1.20. A current ratio below 1 indicates that the company may have difficulties meeting its short-term obligations with its current assets alone.
The current ratio decreased from 1.20 in the fourth quarter of 2021 to 0.70 in the first quarter of 2020. This significant drop suggests that the company may have experienced challenges in managing its short-term liabilities relative to its current assets during this period.
Since then, the current ratio has shown some improvement, reaching a peak of 0.86 in the first quarter of 2024. While the ratio has been somewhat volatile, the upward trend in recent quarters indicates that Starbucks has been working to strengthen its liquidity position and better manage its current liabilities.
Overall, although the current ratio of Starbucks has fluctuated, the recent improvement suggests that the company is taking steps to enhance its ability to meet its short-term obligations with its current asset base. Continued monitoring of this ratio will be essential to assess the company's liquidity and financial health in the future.
Peer comparison
Sep 30, 2024