Current Ratio
since 2005
Calculation
PepsiCo Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 27, 2025 | 0.85 | = | 27,949) | ÷ | 32,764) |
| Dec 28, 2024 | 0.82 | = | 25,826) | ÷ | 31,536) |
| Dec 30, 2023 | 0.85 | = | 26,950) | ÷ | 31,647) |
| Dec 31, 2022 | 0.80 | = | 21,539) | ÷ | 26,785) |
| Dec 25, 2021 | 0.83 | = | 21,783) | ÷ | 26,220) |
| Dec 26, 2020 | 0.98 | = | 23,001) | ÷ | 23,372) |
| Dec 28, 2019 | 0.86 | = | 17,645) | ÷ | 20,461) |
| Dec 29, 2018 | 0.99 | = | 21,893) | ÷ | 22,138) |
| Dec 30, 2017 | 1.51 | = | 31,027) | ÷ | 20,502) |
| Dec 31, 2016 | 1.28 | = | 27,089) | ÷ | 21,135) |
| Dec 26, 2015 | 1.31 | = | 23,031) | ÷ | 17,578) |
| Dec 27, 2014 | 1.14 | = | 20,663) | ÷ | 18,092) |
| Dec 28, 2013 | 1.24 | = | 22,203) | ÷ | 17,839) |
| Dec 29, 2012 | 1.10 | = | 18,720) | ÷ | 17,089) |
| Dec 31, 2011 | 0.96 | = | 17,441) | ÷ | 18,154) |
| Dec 25, 2010 | 1.11 | = | 17,569) | ÷ | 15,892) |
| Dec 26, 2009 | 1.44 | = | 12,571) | ÷ | 8,756) |
| Dec 27, 2008 | 1.23 | = | 10,806) | ÷ | 8,787) |
| Dec 29, 2007 | 1.31 | = | 10,151) | ÷ | 7,753) |
| Dec 30, 2006 | 1.33 | = | 9,130) | ÷ | 6,860) |
| Dec 31, 2005 | 1.11 | = | 10,454) | ÷ | 9,406) |
Based on: 10-K (reporting date: 2025-12-27), 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 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: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The current ratio exhibited fluctuations over the period from 2005 to 2025. Initially, the ratio increased from 1.11 in 2005 to a peak of 1.44 in 2009, suggesting improving short-term liquidity. Subsequently, a decline was observed, reaching a low of 0.80 in 2020. A slight recovery followed, with the ratio stabilizing around 0.85 in the most recent years of the observation period.
- Initial Increase (2005-2009)
- The current ratio demonstrated consistent growth between 2005 and 2009. This indicates that current assets were increasing at a faster rate than current liabilities, bolstering the company’s ability to meet its short-term obligations. The increase from 1.11 to 1.44 represents a significant improvement in liquidity.
- Subsequent Decline (2009-2020)
- Following 2009, the current ratio experienced a prolonged period of decline, falling to 0.80 in 2020. This suggests that current liabilities were growing at a faster pace than current assets, potentially indicating increasing pressure on short-term liquidity. The ratio dipped below 1.0 in 2011, 2016, 2018, 2019, 2020, and 2021, signaling periods where current liabilities exceeded current assets.
- Recent Stabilization (2020-2025)
- From 2020 onwards, the current ratio showed signs of stabilization, fluctuating between 0.82 and 0.85. While still below the initial levels observed in the earlier part of the period, this suggests that the decline in liquidity may have been arrested. The consistency in the ratio during these years could indicate a more balanced approach to managing short-term assets and liabilities.
Overall, the trend suggests a shift in the company’s short-term financial position. While initially demonstrating strong liquidity, the observed decline and subsequent stabilization warrant continued monitoring to ensure the company maintains sufficient resources to cover its immediate obligations.
Comparison to Competitors
PepsiCo Inc., current ratio, long-term trends, comparison to competitors
| PepsiCo Inc. | Coca-Cola Co. | Mondelēz International Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|
| Dec 27, 2025 | 0.85 | — | — | — |
| Dec 28, 2024 | 0.82 | 1.03 | 0.68 | 0.88 |
| Dec 30, 2023 | 0.85 | 1.13 | 0.62 | 0.75 |
| Dec 31, 2022 | 0.80 | 1.15 | 0.60 | 0.72 |
| Dec 25, 2021 | 0.83 | 1.13 | 0.74 | 0.92 |
| Dec 26, 2020 | 0.98 | 1.32 | 0.66 | 1.10 |
| Dec 28, 2019 | 0.86 | 0.76 | 0.50 | 1.09 |
| Dec 29, 2018 | 0.99 | 1.05 | 0.45 | 1.13 |
| Dec 30, 2017 | 1.51 | 1.34 | 0.48 | 1.35 |
| Dec 31, 2016 | 1.28 | 1.28 | 0.59 | 1.07 |
| Dec 26, 2015 | 1.31 | 1.24 | 0.82 | 1.03 |
| Dec 27, 2014 | 1.14 | 1.02 | 0.84 | 1.02 |
| Dec 28, 2013 | 1.24 | 1.13 | 0.92 | 0.99 |
| Dec 29, 2012 | 1.10 | 1.09 | 1.05 | 0.97 |
| Dec 31, 2011 | 0.96 | 1.05 | 0.88 | 1.00 |
| Dec 25, 2010 | 1.11 | 1.17 | 1.04 | 1.07 |
| Dec 26, 2009 | 1.44 | 1.28 | 1.08 | 1.31 |
| Dec 27, 2008 | 1.23 | 0.94 | 1.03 | 1.47 |
| Dec 29, 2007 | 1.31 | 0.92 | 0.63 | — |
| Dec 30, 2006 | 1.33 | 0.95 | 0.79 | — |
| Dec 31, 2005 | 1.11 | 1.04 | 0.93 | — |
Based on: 10-K (reporting date: 2025-12-27), 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 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: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Food, Beverage & Tobacco)
PepsiCo Inc., current ratio, long-term trends, comparison to sector (food, beverage & tobacco)
| PepsiCo Inc. | Food, Beverage & Tobacco | |
|---|---|---|
| Dec 27, 2025 | 0.85 | — |
| Dec 28, 2024 | 0.82 | 0.86 |
| Dec 30, 2023 | 0.85 | 0.85 |
| Dec 31, 2022 | 0.80 | 0.82 |
| Dec 25, 2021 | 0.83 | 0.91 |
| Dec 26, 2020 | 0.98 | 1.01 |
| Dec 28, 2019 | 0.86 | 0.81 |
| Dec 29, 2018 | 0.99 | 0.93 |
| Dec 30, 2017 | 1.51 | 1.22 |
| Dec 31, 2016 | 1.28 | 1.11 |
| Dec 26, 2015 | 1.31 | 1.15 |
| Dec 27, 2014 | 1.14 | 1.02 |
| Dec 28, 2013 | 1.24 | 1.08 |
| Dec 29, 2012 | 1.10 | 1.06 |
| Dec 31, 2011 | 0.96 | 0.98 |
| Dec 25, 2010 | 1.11 | 1.10 |
| Dec 26, 2009 | 1.44 | 1.27 |
| Dec 27, 2008 | 1.23 | 1.15 |
| Dec 29, 2007 | 1.31 | 0.87 |
| Dec 30, 2006 | 1.33 | 0.98 |
| Dec 31, 2005 | 1.11 | 1.03 |
Based on: 10-K (reporting date: 2025-12-27), 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 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: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Staples)
PepsiCo Inc., current ratio, long-term trends, comparison to industry (consumer staples)
| PepsiCo Inc. | Consumer Staples | |
|---|---|---|
| Dec 27, 2025 | 0.85 | — |
| Dec 28, 2024 | 0.82 | 0.85 |
| Dec 30, 2023 | 0.85 | 0.84 |
| Dec 31, 2022 | 0.80 | 0.87 |
| Dec 25, 2021 | 0.83 | 0.93 |
| Dec 26, 2020 | 0.98 | 0.92 |
| Dec 28, 2019 | 0.86 | 0.82 |
| Dec 29, 2018 | 0.99 | 0.87 |
| Dec 30, 2017 | 1.51 | 1.02 |
| Dec 31, 2016 | 1.28 | 1.04 |
| Dec 26, 2015 | 1.31 | 1.06 |
| Dec 27, 2014 | 1.14 | 0.97 |
| Dec 28, 2013 | 1.24 | 0.97 |
| Dec 29, 2012 | 1.10 | 0.99 |
| Dec 31, 2011 | 0.96 | 0.97 |
| Dec 25, 2010 | 1.11 | 1.01 |
| Dec 26, 2009 | 1.44 | 1.03 |
| Dec 27, 2008 | 1.23 | 0.98 |
| Dec 29, 2007 | 1.31 | 0.91 |
| Dec 30, 2006 | 1.33 | 1.04 |
| Dec 31, 2005 | 1.11 | 0.99 |
Based on: 10-K (reporting date: 2025-12-27), 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 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: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).