Starbucks Corporation (SBUX)
Quick 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 | 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 |
| Receivables | US$ in thousands | 1,213,800 | 1,110,300 | 1,165,100 | 1,184,100 | 1,140,200 | — | — | 1,203,200 | — | — | — | 960,700 | 979,100 | 1,060,800 | 1,220,600 | 1,269,000 | 1,310,900 | 1,331,800 | 1,049,100 | 1,055,800 |
| 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 |
| Quick ratio | 0.52 | 0.56 | 0.48 | 0.55 | 0.52 | 0.38 | 0.36 | 0.48 | 0.39 | 0.44 | 0.45 | 0.93 | 0.75 | 0.78 | 0.82 | 0.80 | 0.69 | 0.48 | 0.48 | 0.62 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,286,200K
+ $257,000K
+ $1,213,800K)
÷ $9,070,000K
= 0.52
The quick ratio of Starbucks Corporation has shown fluctuations over the past several quarters. As of September 30, 2024, the quick ratio stood at 0.52, indicating that the company had $0.52 of highly liquid assets for every $1 of current liabilities. This ratio has decreased compared to the previous quarter, where it was at 0.56.
Looking back over the previous quarters, the quick ratio has exhibited a range of values, with some quarters showing stronger liquidity positions than others. The lowest quick ratio in recent quarters was observed on March 31, 2023, at 0.36, suggesting a tighter liquidity position for the company at that point in time. Conversely, the highest quick ratio was recorded on December 31, 2021, at 0.93, signifying a healthier liquidity position with a higher level of quick assets relative to current liabilities.
Overall, the trend in the quick ratio for Starbucks Corporation indicates some variability in the company's ability to meet its short-term obligations with its most liquid assets. Investors and analysts may want to monitor this ratio closely to assess changes in the company's liquidity position over time and its ability to cover short-term liabilities effectively.
Peer comparison
Sep 30, 2024