Current Ratio
since 2005
Calculation
Starbucks Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Sep 27, 2026 | 0.76 | = | 7,671,400) | ÷ | 10,113,800) |
| Sep 28, 2025 | 0.72 | = | 7,382,300) | ÷ | 10,210,400) |
| Sep 29, 2024 | 0.75 | = | 6,847,400) | ÷ | 9,070,000) |
| Oct 1, 2023 | 0.78 | = | 7,303,400) | ÷ | 9,345,300) |
| Oct 2, 2022 | 0.77 | = | 7,018,700) | ÷ | 9,151,800) |
| Oct 3, 2021 | 1.20 | = | 9,756,400) | ÷ | 8,151,400) |
| Sep 27, 2020 | 1.06 | = | 7,806,400) | ÷ | 7,346,800) |
| Sep 29, 2019 | 0.92 | = | 5,653,900) | ÷ | 6,168,700) |
| Sep 30, 2018 | 2.20 | = | 12,494,200) | ÷ | 5,684,200) |
| Oct 1, 2017 | 1.25 | = | 5,283,400) | ÷ | 4,220,700) |
| Oct 2, 2016 | 1.05 | = | 4,760,500) | ÷ | 4,546,900) |
| Sep 27, 2015 | 1.19 | = | 4,352,700) | ÷ | 3,653,500) |
| Sep 28, 2014 | 1.37 | = | 4,168,700) | ÷ | 3,038,700) |
| Sep 29, 2013 | 1.02 | = | 5,471,400) | ÷ | 5,377,300) |
| Sep 30, 2012 | 1.90 | = | 4,199,600) | ÷ | 2,209,800) |
| Oct 2, 2011 | 1.83 | = | 3,794,900) | ÷ | 2,075,800) |
| Oct 3, 2010 | 1.55 | = | 2,756,400) | ÷ | 1,779,100) |
| Sep 27, 2009 | 1.29 | = | 2,035,800) | ÷ | 1,581,000) |
| Sep 28, 2008 | 0.80 | = | 1,748,000) | ÷ | 2,189,700) |
| Sep 30, 2007 | 0.79 | = | 1,696,487) | ÷ | 2,155,566) |
| Oct 1, 2006 | 0.79 | = | 1,529,788) | ÷ | 1,935,620) |
| Oct 2, 2005 | 0.99 | = | 1,209,334) | ÷ | 1,226,996) |
Based on: 10-K (reporting date: 2026-09-27), 10-K (reporting date: 2025-09-28), 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-10-01), 10-K (reporting date: 2016-10-02), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-10-02), 10-K (reporting date: 2010-10-03), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-10-01), 10-K (reporting date: 2005-10-02).
1 US$ in thousands
The liquidity profile of the organization exhibits three distinct phases over the observed period: an initial period of limited liquidity, a middle period of significant expansion and peak solvency, and a recent period of sustained compression.
- Early Liquidity Constraints (2005–2008)
- During the initial four years, the current ratio remained consistently below 1.0, ranging between 0.79 and 0.99. This indicates that current liabilities exceeded current assets, suggesting a tight working capital position where short-term obligations were not fully covered by liquid assets.
- Expansion and Peak Liquidity (2009–2018)
- A significant reversal occurred starting in 2009, with the current ratio climbing to 1.29 and reaching a peak of 1.90 in 2012. Although the ratio fluctuated between 1.02 and 1.37 from 2013 to 2017, a dramatic spike to 2.20 was recorded in 2018. This peak was driven by a substantial increase in current assets, which reached approximately 12.49 billion US dollars, representing the highest liquidity level in the analyzed timeframe.
- Recent Liquidity Compression (2019–2026)
- Since 2019, there has been a marked downward trend in the current ratio, with values falling and remaining predominantly below the 1.0 threshold. From 2019 to 2026, the ratio fluctuated between 0.72 and 1.20, with a persistent decline observed in the final years, ending at 0.76. This trend is characterized by a steady increase in current liabilities, which grew from 6.17 billion US dollars in 2019 to over 10 billion US dollars by 2026, while current assets failed to grow at a commensurate rate.
The overall trajectory indicates a strategic or operational shift toward a leaner working capital model or an increased reliance on short-term financing, resulting in a current ratio that has consistently trended lower than the historical peaks seen in the previous decade.
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Comparison to Competitors
Starbucks Corp., current ratio, long-term trends, comparison to competitors
| Starbucks Corp. | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | DoorDash, Inc. | McDonald’s Corp. | |
|---|---|---|---|---|---|---|
| Sep 27, 2026 | 0.76 | — | — | — | — | — |
| Sep 28, 2025 | 0.72 | 1.38 | 1.33 | 1.23 | 1.41 | 0.95 |
| Sep 29, 2024 | 0.75 | 1.69 | 1.31 | 1.52 | 1.66 | 1.19 |
| Oct 1, 2023 | 0.78 | 1.66 | 1.28 | 1.57 | 1.64 | 1.16 |
| Oct 2, 2022 | 0.77 | 1.86 | 1.86 | 1.28 | 1.86 | 1.43 |
| Oct 3, 2021 | 1.20 | 1.95 | 2.10 | 1.58 | 2.59 | 1.78 |
| Sep 27, 2020 | 1.06 | 1.73 | 3.56 | 1.73 | 3.94 | 1.01 |
| Sep 29, 2019 | 0.92 | — | 1.83 | 1.61 | — | 0.98 |
| Sep 30, 2018 | 2.20 | — | 2.36 | 1.81 | — | 1.36 |
| Oct 1, 2017 | 1.25 | — | 2.58 | 1.94 | — | 1.84 |
| Oct 2, 2016 | 1.05 | — | 1.89 | 1.85 | — | 1.40 |
| Sep 27, 2015 | 1.19 | — | 2.47 | 2.91 | — | 3.27 |
| Sep 28, 2014 | 1.37 | — | 3.82 | 3.58 | — | 1.52 |
| Sep 29, 2013 | 1.02 | — | 5.41 | 3.34 | — | 1.59 |
| Sep 30, 2012 | 1.90 | — | 3.89 | 2.93 | — | 1.45 |
| Oct 2, 2011 | 1.83 | — | 2.77 | 3.18 | — | 1.25 |
| Oct 3, 2010 | 1.55 | — | 4.15 | 3.30 | — | 1.49 |
| Sep 27, 2009 | 1.29 | — | 2.50 | 2.91 | — | 1.14 |
| Sep 28, 2008 | 0.80 | — | 1.14 | 2.75 | — | 1.39 |
| Sep 30, 2007 | 0.79 | — | 0.88 | 2.75 | — | 0.80 |
| Oct 1, 2006 | 0.79 | — | 5.00 | 2.92 | — | 1.21 |
| Oct 2, 2005 | 0.99 | — | 3.15 | 0.42 | — | 1.45 |
Based on: 10-K (reporting date: 2026-09-27), 10-K (reporting date: 2025-09-28), 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-10-01), 10-K (reporting date: 2016-10-02), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-10-02), 10-K (reporting date: 2010-10-03), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-10-01), 10-K (reporting date: 2005-10-02).
Comparison to Sector (Consumer Services)
Starbucks Corp., current ratio, long-term trends, comparison to sector (consumer services)
| Starbucks Corp. | Consumer Services | |
|---|---|---|
| Sep 27, 2026 | 0.76 | — |
| Sep 28, 2025 | 0.72 | 1.20 |
| Sep 29, 2024 | 0.75 | 1.31 |
| Oct 1, 2023 | 0.78 | 1.28 |
| Oct 2, 2022 | 0.77 | 1.49 |
| Oct 3, 2021 | 1.20 | 1.77 |
| Sep 27, 2020 | 1.06 | 1.73 |
| Sep 29, 2019 | 0.92 | 1.27 |
| Sep 30, 2018 | 2.20 | 2.04 |
| Oct 1, 2017 | 1.25 | 1.85 |
| Oct 2, 2016 | 1.05 | 1.39 |
| Sep 27, 2015 | 1.19 | 2.21 |
| Sep 28, 2014 | 1.37 | 1.96 |
| Sep 29, 2013 | 1.02 | 1.84 |
| Sep 30, 2012 | 1.90 | 2.11 |
| Oct 2, 2011 | 1.83 | 1.72 |
| Oct 3, 2010 | 1.55 | 1.79 |
| Sep 27, 2009 | 1.29 | 1.33 |
| Sep 28, 2008 | 0.80 | 1.14 |
| Sep 30, 2007 | 0.79 | 0.82 |
| Oct 1, 2006 | 0.79 | 1.14 |
| Oct 2, 2005 | 0.99 | 1.36 |
Based on: 10-K (reporting date: 2026-09-27), 10-K (reporting date: 2025-09-28), 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-10-01), 10-K (reporting date: 2016-10-02), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-10-02), 10-K (reporting date: 2010-10-03), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-10-01), 10-K (reporting date: 2005-10-02).
Comparison to Industry (Consumer Discretionary)
Starbucks Corp., current ratio, long-term trends, comparison to industry (consumer discretionary)
| Starbucks Corp. | Consumer Discretionary | |
|---|---|---|
| Sep 27, 2026 | 0.76 | — |
| Sep 28, 2025 | 0.72 | 1.18 |
| Sep 29, 2024 | 0.75 | 1.22 |
| Oct 1, 2023 | 0.78 | 1.20 |
| Oct 2, 2022 | 0.77 | 1.15 |
| Oct 3, 2021 | 1.20 | 1.25 |
| Sep 27, 2020 | 1.06 | 1.19 |
| Sep 29, 2019 | 0.92 | 1.10 |
| Sep 30, 2018 | 2.20 | 1.15 |
| Oct 1, 2017 | 1.25 | 1.15 |
| Oct 2, 2016 | 1.05 | 1.12 |
| Sep 27, 2015 | 1.19 | 1.25 |
| Sep 28, 2014 | 1.37 | 1.11 |
| Sep 29, 2013 | 1.02 | 1.15 |
| Sep 30, 2012 | 1.90 | 1.14 |
| Oct 2, 2011 | 1.83 | 1.31 |
| Oct 3, 2010 | 1.55 | 1.24 |
| Sep 27, 2009 | 1.29 | 1.25 |
| Sep 28, 2008 | 0.80 | 0.96 |
| Sep 30, 2007 | 0.79 | 1.21 |
| Oct 1, 2006 | 0.79 | 1.15 |
| Oct 2, 2005 | 0.99 | 1.10 |
Based on: 10-K (reporting date: 2026-09-27), 10-K (reporting date: 2025-09-28), 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-10-01), 10-K (reporting date: 2016-10-02), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-10-02), 10-K (reporting date: 2010-10-03), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-10-01), 10-K (reporting date: 2005-10-02).