Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Kraft Heinz Co., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-K (reporting date: 2018-12-29), 10-Q (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-30), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-07-01), 10-Q (reporting date: 2017-04-01), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), S-4/A (reporting date: 2015-03-29).
| 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 Q4 2019 to Q1 2020 but then slightly deteriorated from Q1 2020 to Q2 2020 not reaching Q4 2019 level. |
| 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 Q4 2019 to Q1 2020 but then slightly deteriorated from Q1 2020 to Q2 2020 not reaching Q4 2019 level. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Kraft Heinz Co. cash ratio improved from Q4 2019 to Q1 2020 but then slightly deteriorated from Q1 2020 to Q2 2020 not reaching Q4 2019 level. |
Current Ratio
Kraft Heinz Co., current ratio calculation (quarterly data)
| Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | Dec 29, 2018 | Sep 29, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 30, 2017 | Sep 30, 2017 | Jul 1, 2017 | Apr 1, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Sep 27, 2015 | Jun 28, 2015 | Mar 29, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current assets | 8,776) | 11,708) | 8,097) | 9,125) | 9,168) | 8,835) | 9,075) | 7,590) | 9,501) | 7,437) | 7,266) | 7,228) | 7,108) | 8,875) | 8,753) | 8,943) | 9,347) | 9,812) | 9,780) | 10,411) | 4,589) | 4,477) | |||||||
| Current liabilities | 8,050) | 7,934) | 7,875) | 9,112) | 7,797) | 7,972) | 7,503) | 7,581) | 9,091) | 10,329) | 10,132) | 9,387) | 7,356) | 9,383) | 9,501) | 9,414) | 9,593) | 6,730) | 6,932) | 5,746) | 2,653) | 2,532) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Current ratio1 | 1.09 | 1.48 | 1.03 | 1.00 | 1.18 | 1.11 | 1.21 | 1.00 | 1.05 | 0.72 | 0.72 | 0.77 | 0.97 | 0.95 | 0.92 | 0.95 | 0.97 | 1.46 | 1.41 | 1.81 | 1.73 | 1.77 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | |||||||||||||||||||||||||||||
| Altria Group Inc. | 0.75 | 0.71 | 0.59 | 0.56 | 0.56 | 0.62 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Coca-Cola Co. | 1.09 | 0.87 | 0.76 | 0.92 | 0.83 | 1.02 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Mondelēz International Inc. | 0.55 | 0.53 | 0.50 | 0.50 | 0.44 | 0.48 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| PepsiCo Inc. | 0.97 | 1.10 | 0.86 | 0.95 | 0.86 | 0.94 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-K (reporting date: 2018-12-29), 10-Q (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-30), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-07-01), 10-Q (reporting date: 2017-04-01), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), S-4/A (reporting date: 2015-03-29).
1 Q2 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 8,776 ÷ 8,050 = 1.09
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 Q4 2019 to Q1 2020 but then slightly deteriorated from Q1 2020 to Q2 2020 not reaching Q4 2019 level. |
Quick Ratio
Kraft Heinz Co., quick ratio calculation (quarterly data)
| Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | Dec 29, 2018 | Sep 29, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 30, 2017 | Sep 30, 2017 | Jul 1, 2017 | Apr 1, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Sep 27, 2015 | Jun 28, 2015 | Mar 29, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Cash and cash equivalents | 2,812) | 5,403) | 2,279) | 2,315) | 1,452) | 1,096) | 1,130) | 1,366) | 3,369) | 1,794) | 1,629) | 1,441) | 1,445) | 3,242) | 4,204) | 3,920) | 4,237) | 4,199) | 4,837) | 4,437) | 2,147) | 1,899) | |||||||
| Trade receivables, net of allowances | 2,045) | 2,321) | 1,973) | 1,959) | 2,049) | 2,010) | 2,129) | 2,032) | 1,950) | 1,044) | 921) | 938) | 913) | 886) | 769) | 855) | 1,114) | 939) | 871) | 1,613) | 795) | 818) | |||||||
| Sold receivables | —) | —) | —) | —) | —) | —) | —) | —) | 37) | 530) | 353) | 427) | 521) | 588) | 129) | 208) | 146) | 805) | 583) | —) | —) | —) | |||||||
| Total quick assets | 4,857) | 7,724) | 4,252) | 4,274) | 3,501) | 3,106) | 3,259) | 3,398) | 5,356) | 3,368) | 2,903) | 2,806) | 2,879) | 4,716) | 5,102) | 4,983) | 5,497) | 5,943) | 6,291) | 6,050) | 2,942) | 2,717) | |||||||
| Current liabilities | 8,050) | 7,934) | 7,875) | 9,112) | 7,797) | 7,972) | 7,503) | 7,581) | 9,091) | 10,329) | 10,132) | 9,387) | 7,356) | 9,383) | 9,501) | 9,414) | 9,593) | 6,730) | 6,932) | 5,746) | 2,653) | 2,532) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Quick ratio1 | 0.60 | 0.97 | 0.54 | 0.47 | 0.45 | 0.39 | 0.43 | 0.45 | 0.59 | 0.33 | 0.29 | 0.30 | 0.39 | 0.50 | 0.54 | 0.53 | 0.57 | 0.88 | 0.91 | 1.05 | 1.11 | 1.07 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | |||||||||||||||||||||||||||||
| Altria Group Inc. | 0.53 | 0.52 | 0.28 | 0.23 | 0.25 | 0.35 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Coca-Cola Co. | 0.88 | 0.68 | 0.56 | 0.69 | 0.62 | 0.57 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Mondelēz International Inc. | 0.25 | 0.27 | 0.23 | 0.24 | 0.19 | 0.24 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| PepsiCo Inc. | 0.75 | 0.89 | 0.66 | 0.73 | 0.61 | 0.69 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-K (reporting date: 2018-12-29), 10-Q (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-30), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-07-01), 10-Q (reporting date: 2017-04-01), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), S-4/A (reporting date: 2015-03-29).
1 Q2 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 4,857 ÷ 8,050 = 0.60
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 Q4 2019 to Q1 2020 but then slightly deteriorated from Q1 2020 to Q2 2020 not reaching Q4 2019 level. |
Cash Ratio
Kraft Heinz Co., cash ratio calculation (quarterly data)
| Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | Dec 29, 2018 | Sep 29, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 30, 2017 | Sep 30, 2017 | Jul 1, 2017 | Apr 1, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Sep 27, 2015 | Jun 28, 2015 | Mar 29, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Cash and cash equivalents | 2,812) | 5,403) | 2,279) | 2,315) | 1,452) | 1,096) | 1,130) | 1,366) | 3,369) | 1,794) | 1,629) | 1,441) | 1,445) | 3,242) | 4,204) | 3,920) | 4,237) | 4,199) | 4,837) | 4,437) | 2,147) | 1,899) | |||||||
| Total cash assets | 2,812) | 5,403) | 2,279) | 2,315) | 1,452) | 1,096) | 1,130) | 1,366) | 3,369) | 1,794) | 1,629) | 1,441) | 1,445) | 3,242) | 4,204) | 3,920) | 4,237) | 4,199) | 4,837) | 4,437) | 2,147) | 1,899) | |||||||
| Current liabilities | 8,050) | 7,934) | 7,875) | 9,112) | 7,797) | 7,972) | 7,503) | 7,581) | 9,091) | 10,329) | 10,132) | 9,387) | 7,356) | 9,383) | 9,501) | 9,414) | 9,593) | 6,730) | 6,932) | 5,746) | 2,653) | 2,532) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Cash ratio1 | 0.35 | 0.68 | 0.29 | 0.25 | 0.19 | 0.14 | 0.15 | 0.18 | 0.37 | 0.17 | 0.16 | 0.15 | 0.20 | 0.35 | 0.44 | 0.42 | 0.44 | 0.62 | 0.70 | 0.77 | 0.81 | 0.75 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | |||||||||||||||||||||||||||||
| Altria Group Inc. | 0.51 | 0.50 | 0.26 | 0.21 | 0.23 | 0.33 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Coca-Cola Co. | 0.74 | 0.55 | 0.41 | 0.52 | 0.45 | 0.43 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Mondelēz International Inc. | 0.11 | 0.11 | 0.08 | 0.09 | 0.07 | 0.09 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| PepsiCo Inc. | 0.38 | 0.51 | 0.28 | 0.29 | 0.19 | 0.29 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-K (reporting date: 2018-12-29), 10-Q (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-30), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-07-01), 10-Q (reporting date: 2017-04-01), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), S-4/A (reporting date: 2015-03-29).
1 Q2 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,812 ÷ 8,050 = 0.35
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 improved from Q4 2019 to Q1 2020 but then slightly deteriorated from Q1 2020 to Q2 2020 not reaching Q4 2019 level. |