Current Ratio
since 2015
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Kraft Heinz Co. pages available for free this week:
- Income Statement
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Net Profit Margin since 2015
- Total Asset Turnover since 2015
- Price to Operating Profit (P/OP) since 2015
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Calculation
Kraft Heinz Co., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 28, 2019 | = | ÷ | |||
| Dec 29, 2018 | = | ÷ | |||
| Dec 30, 2017 | = | ÷ | |||
| Dec 31, 2016 | = | ÷ | |||
| Dec 31, 2015 | = | ÷ |
Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 US$ in millions
- Current Assets
- There is a noticeable decline in current assets from 2015 through 2017, dropping from $9,780 million to $7,266 million. However, this trend reverses in 2018 with an increase to $9,075 million, followed by a decline again in 2019 to $8,097 million. Overall, the values show volatility with no consistent upward or downward pattern across the five years.
- Current Liabilities
- Current liabilities show an increasing trend from 2015 to 2017, rising from $6,932 million to $10,132 million. In 2018, liabilities decrease significantly to $7,503 million, before slightly increasing again in 2019 to $7,875 million. The fluctuations suggest periods of increased short-term obligations followed by efforts to reduce them.
- Current Ratio
- The current ratio exhibits considerable variation, starting at 1.41 in 2015, then declining sharply to 0.92 in 2016 and further down to 0.72 in 2017, indicating worsening short-term liquidity. In 2018, liquidity improves significantly, with the ratio rising to 1.21, before slightly decreasing to 1.03 in 2019. The ratio's movement is closely aligned with changes in current assets and liabilities, reflecting shifts in the company’s short-term financial health.
Comparison to Competitors
Kraft Heinz Co., current ratio, long-term trends, comparison to competitors
| Kraft Heinz Co. | Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|---|
| Dec 28, 2019 | |||||
| Dec 29, 2018 | |||||
| Dec 30, 2017 | |||||
| Dec 31, 2016 | |||||
| Dec 31, 2015 |
Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
Comparison to Sector (Food, Beverage & Tobacco)
Kraft Heinz Co., current ratio, long-term trends, comparison to sector (food, beverage & tobacco)
| Kraft Heinz Co. | Food, Beverage & Tobacco | |
|---|---|---|
| Dec 28, 2019 | ||
| Dec 29, 2018 | ||
| Dec 30, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 |
Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
Comparison to Industry (Consumer Staples)
Kraft Heinz Co., current ratio, long-term trends, comparison to industry (consumer staples)
| Kraft Heinz Co. | Consumer Staples | |
|---|---|---|
| Dec 28, 2019 | ||
| Dec 29, 2018 | ||
| Dec 30, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 |
Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).