Current Ratio
since 2012
Calculation
Kraft Foods Group Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 27, 2014 | 1.00 | = | 4,791) | ÷ | 4,773) |
| Dec 28, 2013 | 1.44 | = | 4,908) | ÷ | 3,410) |
| Dec 29, 2012 | 1.34 | = | 4,823) | ÷ | 3,606) |
Based on: 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29).
1 US$ in millions
- Current Assets
- Current assets showed a slight increase from 4,823 million US dollars in 2012 to 4,908 million in 2013. However, in 2014, there was a marginal decline to 4,791 million US dollars, indicating a somewhat stable but slightly declining trend towards the end of the period.
- Current Liabilities
- Current liabilities decreased from 3,606 million US dollars in 2012 to 3,410 million in 2013, suggesting an improvement in short-term obligations. However, a significant increase occurred in 2014, rising sharply to 4,773 million US dollars, signaling heightened short-term financial obligations during that year.
- Current Ratio
- The current ratio improved from 1.34 in 2012 to 1.44 in 2013, indicating an enhanced ability to cover short-term liabilities with current assets. This positive liquidity trend reversed in 2014, as the ratio fell to 1.00, reflecting a decreased liquidity position and potential challenges in meeting short-term obligations.
Comparison to Competitors
Kraft Foods Group Inc., current ratio, long-term trends, comparison to competitors
| Kraft Foods Group Inc. | lululemon athletica inc. | Nike Inc. | |
|---|---|---|---|
| Dec 27, 2014 | 1.00 | 8.31 | 2.72 |
| Dec 28, 2013 | 1.44 | 5.90 | 3.47 |
| Dec 29, 2012 | 1.34 | 5.10 | 2.98 |
Based on: 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29).
Comparison to Sector (Consumer Durables & Apparel)
Kraft Foods Group Inc., current ratio, long-term trends, comparison to sector (consumer durables & apparel)
| Kraft Foods Group Inc. | Consumer Durables & Apparel | |
|---|---|---|
| Dec 27, 2014 | 1.00 | 2.85 |
| Dec 28, 2013 | 1.44 | 3.55 |
| Dec 29, 2012 | 1.34 | 3.04 |
Based on: 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29).
Comparison to Industry (Consumer Discretionary)
Kraft Foods Group Inc., current ratio, long-term trends, comparison to industry (consumer discretionary)
| Kraft Foods Group Inc. | Consumer Discretionary | |
|---|---|---|
| Dec 27, 2014 | 1.00 | 1.11 |
| Dec 28, 2013 | 1.44 | 1.15 |
| Dec 29, 2012 | 1.34 | 1.14 |
Based on: 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29).