Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
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
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
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
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. |