Stock Analysis on Net

Kraft Heinz Co. (NASDAQ:KHC)

This company has been moved to the archive! The financial data has not been updated since July 31, 2020.

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

Kraft Heinz Co., liquidity ratios

Microsoft Excel
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 31, 2015
Current ratio 1.03 1.21 0.72 0.92 1.41
Quick ratio 0.54 0.43 0.29 0.54 0.91
Cash ratio 0.29 0.15 0.16 0.44 0.70

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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Kraft Heinz Co. current ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Kraft Heinz Co. quick ratio improved from 2017 to 2018 and from 2018 to 2019.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Kraft Heinz Co. cash ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level.

Current Ratio

Kraft Heinz Co., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Current assets 8,097 9,075 7,266 8,753 9,780
Current liabilities 7,875 7,503 10,132 9,501 6,932
Liquidity Ratio
Current ratio1 1.03 1.21 0.72 0.92 1.41
Benchmarks
Current Ratio, Competitors2
Coca-Cola Co. 0.76
Mondelēz International Inc. 0.50
PepsiCo Inc. 0.86
Current Ratio, Sector
Food, Beverage & Tobacco 0.73
Current Ratio, Industry
Consumer Staples 0.80

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 2019 Calculation
Current ratio = Current assets ÷ Current liabilities
= 8,097 ÷ 7,875 = 1.03

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Kraft Heinz Co. current ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Quick Ratio

Kraft Heinz Co., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,279 1,130 1,629 4,204 4,837
Trade receivables, net of allowances 1,973 2,129 921 769 871
Sold receivables 353 129 583
Total quick assets 4,252 3,259 2,903 5,102 6,291
 
Current liabilities 7,875 7,503 10,132 9,501 6,932
Liquidity Ratio
Quick ratio1 0.54 0.43 0.29 0.54 0.91
Benchmarks
Quick Ratio, Competitors2
Coca-Cola Co. 0.56
Mondelēz International Inc. 0.28
PepsiCo Inc. 0.66
Quick Ratio, Sector
Food, Beverage & Tobacco 0.52
Quick Ratio, Industry
Consumer Staples 0.36

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 2019 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 4,252 ÷ 7,875 = 0.54

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Kraft Heinz Co. quick ratio improved from 2017 to 2018 and from 2018 to 2019.

Cash Ratio

Kraft Heinz Co., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,279 1,130 1,629 4,204 4,837
Total cash assets 2,279 1,130 1,629 4,204 4,837
 
Current liabilities 7,875 7,503 10,132 9,501 6,932
Liquidity Ratio
Cash ratio1 0.29 0.15 0.16 0.44 0.70
Benchmarks
Cash Ratio, Competitors2
Coca-Cola Co. 0.41
Mondelēz International Inc. 0.08
PepsiCo Inc. 0.28
Cash Ratio, Sector
Food, Beverage & Tobacco 0.29
Cash Ratio, Industry
Consumer Staples 0.23

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 2019 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,279 ÷ 7,875 = 0.29

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Kraft Heinz Co. cash ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level.