Starbucks Corporation (SBUX)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 7,734,800 | 4,952,300 |
| 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 |
| Current ratio | 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 | 1.31 | 0.94 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,569,500K ÷ $9,395,600K
= 0.70
The current ratio of Starbucks Corp. has seen fluctuations over the past several quarters, ranging from 0.70 to 0.84. A current ratio below 1 indicates that the company may have difficulties meeting its short-term obligations with its current assets. The decreasing trend from the high of 0.84 to the low of 0.70 may signal potential liquidity challenges. This could be a cause for concern as it indicates that the company may not have enough current assets to cover its short-term liabilities. Further analysis of the company's current assets and liabilities is necessary to understand the factors contributing to these fluctuations.
Peer comparison
Dec 31, 2023