Current Ratio
since 2008
Calculation
Keurig Dr Pepper Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 0.47 | = | 3,057) | ÷ | 6,485) |
| Dec 31, 2020 | 0.31 | = | 2,388) | ÷ | 7,694) |
| Dec 31, 2019 | 0.35 | = | 2,273) | ÷ | 6,474) |
| Dec 31, 2018 | 0.38 | = | 2,159) | ÷ | 5,702) |
| Dec 31, 2017 | 0.90 | = | 1,117) | ÷ | 1,238) |
| Dec 31, 2016 | 2.60 | = | 2,736) | ÷ | 1,051) |
| Dec 31, 2015 | 1.15 | = | 1,817) | ÷ | 1,583) |
| Dec 31, 2014 | 1.17 | = | 1,211) | ÷ | 1,038) |
| Dec 31, 2013 | 1.09 | = | 1,119) | ÷ | 1,030) |
| Dec 31, 2012 | 1.08 | = | 1,335) | ÷ | 1,232) |
| Dec 31, 2011 | 0.92 | = | 1,757) | ÷ | 1,915) |
| Dec 31, 2010 | 0.98 | = | 1,309) | ÷ | 1,338) |
| Dec 31, 2009 | 1.50 | = | 1,279) | ÷ | 854) |
| Dec 31, 2008 | 1.54 | = | 1,237) | ÷ | 801) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
1 US$ in millions
The analysis of the annual financial data reveals notable fluctuations in current assets, current liabilities, and the current ratio over the examined period.
- Current Assets
- The company's current assets displayed variability across the years. Initial values showed a gradual increase from 1,237 million US dollars in 2008 to 1,757 million US dollars in 2011, followed by a decline in 2013 to 1,119 million US dollars. Subsequently, there was a period of growth peaking at 2,736 million US dollars in 2016. However, this was succeeded by a sharp decrease to 1,117 million US dollars in 2017 before a general upward trend resumed towards 3,057 million US dollars by the end of 2021.
- Current Liabilities
- Current liabilities showed an overall increasing trend with some fluctuations. Beginning at 801 million US dollars in 2008, liabilities peaked sharply at 1,915 million US dollars in 2011 before a decline to 1,030 million US dollars in 2013. Thereafter, liabilities steadily increased, reaching a significant high of 7,694 million US dollars in 2021 after crossing 5,700 million US dollars in 2018, which represents a notable escalation in short-term obligations during the latter part of the period.
- Current Ratio
- The current ratio exhibited considerable volatility, reflecting changes in liquidity. From a relatively healthy ratio of 1.54 in 2008, there was a decline to below 1.0 in 2010 and 2011, indicating potential liquidity tensions. A sharp spike to 2.6 in 2016 suggests strong liquidity during that year, likely influenced by the peak in current assets and lower liabilities. This was followed by a significant decline, with the ratio dropping to extremely low levels around 0.31-0.38 between 2018 and 2020, implying constraints on the company’s short-term financial flexibility. A slight improvement to 0.47 in 2021 remains below typical liquidity benchmarks.
Overall, the data suggests periods of liquidity stress interspersed with temporary improvements, alongside a general rising trend in current liabilities that outpaces the growth of current assets in recent years. This pattern indicates increasing short-term financial obligations relative to available assets, which could be a focus for financial management.
Comparison to Competitors
Keurig Dr Pepper Inc., current ratio, long-term trends, comparison to competitors
| Keurig Dr Pepper Inc. | Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 0.47 | 1.13 | 0.74 | 0.83 | 0.92 |
| Dec 31, 2020 | 0.31 | 1.32 | 0.66 | 0.98 | 1.10 |
| Dec 31, 2019 | 0.35 | 0.76 | 0.50 | 0.86 | 1.09 |
| Dec 31, 2018 | 0.38 | 1.05 | 0.45 | 0.99 | 1.13 |
| Dec 31, 2017 | 0.90 | 1.34 | 0.48 | 1.51 | 1.35 |
| Dec 31, 2016 | 2.60 | 1.28 | 0.59 | 1.28 | 1.07 |
| Dec 31, 2015 | 1.15 | 1.24 | 0.82 | 1.31 | 1.03 |
| Dec 31, 2014 | 1.17 | 1.02 | 0.84 | 1.14 | 1.02 |
| Dec 31, 2013 | 1.09 | 1.13 | 0.92 | 1.24 | 0.99 |
| Dec 31, 2012 | 1.08 | 1.09 | 1.05 | 1.10 | 0.97 |
| Dec 31, 2011 | 0.92 | 1.05 | 0.88 | 0.96 | 1.00 |
| Dec 31, 2010 | 0.98 | 1.17 | 1.04 | 1.11 | 1.07 |
| Dec 31, 2009 | 1.50 | 1.28 | 1.08 | 1.44 | 1.31 |
| Dec 31, 2008 | 1.54 | 0.94 | 1.03 | 1.23 | 1.47 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
Comparison to Sector (Food, Beverage & Tobacco)
Keurig Dr Pepper Inc., current ratio, long-term trends, comparison to sector (food, beverage & tobacco)
| Keurig Dr Pepper Inc. | Food, Beverage & Tobacco | |
|---|---|---|
| Dec 31, 2021 | 0.47 | 0.91 |
| Dec 31, 2020 | 0.31 | 1.01 |
| Dec 31, 2019 | 0.35 | 0.81 |
| Dec 31, 2018 | 0.38 | 0.93 |
| Dec 31, 2017 | 0.90 | 1.22 |
| Dec 31, 2016 | 2.60 | 1.11 |
| Dec 31, 2015 | 1.15 | 1.15 |
| Dec 31, 2014 | 1.17 | 1.02 |
| Dec 31, 2013 | 1.09 | 1.08 |
| Dec 31, 2012 | 1.08 | 1.06 |
| Dec 31, 2011 | 0.92 | 0.98 |
| Dec 31, 2010 | 0.98 | 1.10 |
| Dec 31, 2009 | 1.50 | 1.27 |
| Dec 31, 2008 | 1.54 | 1.15 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
Comparison to Industry (Consumer Staples)
Keurig Dr Pepper Inc., current ratio, long-term trends, comparison to industry (consumer staples)
| Keurig Dr Pepper Inc. | Consumer Staples | |
|---|---|---|
| Dec 31, 2021 | 0.47 | 0.93 |
| Dec 31, 2020 | 0.31 | 0.92 |
| Dec 31, 2019 | 0.35 | 0.82 |
| Dec 31, 2018 | 0.38 | 0.87 |
| Dec 31, 2017 | 0.90 | 1.02 |
| Dec 31, 2016 | 2.60 | 1.04 |
| Dec 31, 2015 | 1.15 | 1.06 |
| Dec 31, 2014 | 1.17 | 0.97 |
| Dec 31, 2013 | 1.09 | 0.97 |
| Dec 31, 2012 | 1.08 | 0.99 |
| Dec 31, 2011 | 0.92 | 0.97 |
| Dec 31, 2010 | 0.98 | 1.01 |
| Dec 31, 2009 | 1.50 | 1.03 |
| Dec 31, 2008 | 1.54 | 0.98 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).