Current Ratio
since 2005
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- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Price to Earnings (P/E) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
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Calculation
Starbucks Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Sep 29, 2024 | = | ÷ | |||
| Oct 1, 2023 | = | ÷ | |||
| Oct 2, 2022 | = | ÷ | |||
| Oct 3, 2021 | = | ÷ | |||
| Sep 27, 2020 | = | ÷ | |||
| Sep 29, 2019 | = | ÷ | |||
| Sep 30, 2018 | = | ÷ | |||
| Oct 1, 2017 | = | ÷ | |||
| Oct 2, 2016 | = | ÷ | |||
| Sep 27, 2015 | = | ÷ | |||
| Sep 28, 2014 | = | ÷ | |||
| Sep 29, 2013 | = | ÷ | |||
| Sep 30, 2012 | = | ÷ | |||
| Oct 2, 2011 | = | ÷ | |||
| Oct 3, 2010 | = | ÷ | |||
| Sep 27, 2009 | = | ÷ | |||
| Sep 28, 2008 | = | ÷ | |||
| Sep 30, 2007 | = | ÷ | |||
| Oct 1, 2006 | = | ÷ | |||
| Oct 2, 2005 | = | ÷ |
Based on: 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 analysis of current assets, current liabilities, and the current ratio over the examined periods reveals several notable trends and fluctuations.
- Current Assets
- Current assets exhibit a generally upward trajectory from 2005 through 2018, increasing from approximately 1.2 billion US dollars to a peak of nearly 12.5 billion in 2018. This substantial growth indicates an expansion in liquid and near-liquid resources over this timeframe. However, following this peak, current assets decline sharply in 2019 and subsequently fluctuate, with values hovering between approximately 6.8 billion and 9.8 billion from 2019 to 2024, indicating variability and some contraction after the previous growth period.
- Current Liabilities
- Current liabilities demonstrate considerable volatility during the same periods. Initial values around 1.2 billion in 2005 rise gradually with some fluctuations to around 2.2 billion by 2013, followed by a sharp increase to over 5.3 billion in 2013. From 2014 onward, liabilities remain elevated, increasing to a peak of over 9.3 billion in 2022 before slightly decreasing to 9.07 billion in 2024. This pattern suggests increased short-term obligations in the more recent years, potentially linked to business expansion, financing structures, or operational changes.
- Current Ratio
- The current ratio improves significantly from 0.79 in 2006 and 2007 to a high of 2.2 in 2018, indicating improving short-term liquidity and a stronger ability to cover current liabilities with current assets during that period. Yet, subsequent years show a marked decline in the current ratio, falling below 1.0 in 2019 and remaining below or near 0.75 through 2024. This decrease suggests increased liquidity risk or tighter working capital conditions following the peak liquidity years.
In summary, the data reflects a period of substantial growth in current assets and improved liquidity up to 2018, followed by increased volatility and rising current liabilities. The declining current ratio after 2018 points to potential challenges in maintaining liquidity levels relative to growing short-term obligations in recent years.
Comparison to Competitors
Starbucks Corp., current ratio, long-term trends, comparison to competitors
| Starbucks Corp. | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | McDonald’s Corp. | |
|---|---|---|---|---|---|
| Sep 29, 2024 | |||||
| Oct 1, 2023 | |||||
| Oct 2, 2022 | |||||
| Oct 3, 2021 | |||||
| Sep 27, 2020 | |||||
| Sep 29, 2019 | |||||
| Sep 30, 2018 | |||||
| Oct 1, 2017 | |||||
| Oct 2, 2016 | |||||
| Sep 27, 2015 | |||||
| Sep 28, 2014 | |||||
| Sep 29, 2013 | |||||
| Sep 30, 2012 | |||||
| Oct 2, 2011 | |||||
| Oct 3, 2010 | |||||
| Sep 27, 2009 | |||||
| Sep 28, 2008 | |||||
| Sep 30, 2007 | |||||
| Oct 1, 2006 | |||||
| Oct 2, 2005 |
Based on: 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 29, 2024 | ||
| Oct 1, 2023 | ||
| Oct 2, 2022 | ||
| Oct 3, 2021 | ||
| Sep 27, 2020 | ||
| Sep 29, 2019 | ||
| Sep 30, 2018 | ||
| Oct 1, 2017 | ||
| Oct 2, 2016 | ||
| Sep 27, 2015 | ||
| Sep 28, 2014 | ||
| Sep 29, 2013 | ||
| Sep 30, 2012 | ||
| Oct 2, 2011 | ||
| Oct 3, 2010 | ||
| Sep 27, 2009 | ||
| Sep 28, 2008 | ||
| Sep 30, 2007 | ||
| Oct 1, 2006 | ||
| Oct 2, 2005 |
Based on: 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 29, 2024 | ||
| Oct 1, 2023 | ||
| Oct 2, 2022 | ||
| Oct 3, 2021 | ||
| Sep 27, 2020 | ||
| Sep 29, 2019 | ||
| Sep 30, 2018 | ||
| Oct 1, 2017 | ||
| Oct 2, 2016 | ||
| Sep 27, 2015 | ||
| Sep 28, 2014 | ||
| Sep 29, 2013 | ||
| Sep 30, 2012 | ||
| Oct 2, 2011 | ||
| Oct 3, 2010 | ||
| Sep 27, 2009 | ||
| Sep 28, 2008 | ||
| Sep 30, 2007 | ||
| Oct 1, 2006 | ||
| Oct 2, 2005 |
Based on: 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).