Yum! Brands Inc (YUM)
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 | 1,609,000 | 1,705,000 | 1,515,000 | 1,546,000 | 1,609,000 | 1,595,000 | 1,429,000 | 1,356,000 | 1,532,000 | 2,062,000 | 1,514,000 | 1,454,000 | 1,689,000 | 2,030,000 | 2,398,000 | 1,991,000 | 1,527,000 | 1,548,000 | 1,122,000 | 1,186,000 |
| Total current liabilities | US$ in thousands | 1,277,000 | 1,504,000 | 1,487,000 | 1,555,000 | 1,665,000 | 1,244,000 | 1,183,000 | 1,302,000 | 1,415,000 | 1,355,000 | 1,558,000 | 1,479,000 | 1,675,000 | 1,553,000 | 1,475,000 | 1,500,000 | 1,541,000 | 987,000 | 1,186,000 | 1,327,000 |
| Current ratio | 1.26 | 1.13 | 1.02 | 0.99 | 0.97 | 1.28 | 1.21 | 1.04 | 1.08 | 1.52 | 0.97 | 0.98 | 1.01 | 1.31 | 1.63 | 1.33 | 0.99 | 1.57 | 0.95 | 0.89 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,609,000K ÷ $1,277,000K
= 1.26
The current ratio of Yum Brands Inc. has shown fluctuations over the past eight quarters. In Q4 2023, the current ratio was 1.26, indicating that the company had $1.26 in current assets for every $1 in current liabilities. This was an improvement compared to the previous quarter's ratio of 1.13.
Looking back further, the current ratio has been generally above 1, suggesting that Yum Brands Inc. has had sufficient current assets to cover its short-term obligations. However, there were periods, such as Q1 2023 and Q4 2022, where the current ratio dipped below 1, implying potential liquidity risks.
The trend in the current ratio for Yum Brands Inc. reflects fluctuations in the company's ability to manage its short-term financial obligations. Investors and stakeholders should continue monitoring these ratios to assess the company's liquidity position and financial health.
Peer comparison
Dec 31, 2023