Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company’s ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Starbucks Corp., liquidity ratios (quarterly data)
Based on: 10-Q (filing date: 2021-01-26), 10-K (filing date: 2020-11-12), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-28), 10-Q (filing date: 2020-01-28), 10-K (filing date: 2019-11-15), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-30), 10-Q (filing date: 2019-01-29), 10-K (filing date: 2018-11-16), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-Q (filing date: 2018-01-31), 10-K (filing date: 2017-11-17), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-02), 10-Q (filing date: 2017-01-31), 10-K (filing date: 2016-11-18), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-Q (filing date: 2016-01-26), 10-K (filing date: 2015-11-12), 10-Q (filing date: 2015-07-28), 10-Q (filing date: 2015-04-28), 10-Q (filing date: 2015-01-27).
Liquidity ratio | Description | The company |
---|---|---|
Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Starbucks Corp.’s current ratio improved from Q3 2020 to Q4 2020 but then slightly deteriorated from Q4 2020 to Q1 2021. |
Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Starbucks Corp.’s quick ratio improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021. |
Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Starbucks Corp.’s cash ratio improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021. |
Current Ratio
Starbucks Corp., current ratio calculation (quarterly data)
Dec 27, 2020 | Sep 27, 2020 | Jun 28, 2020 | Mar 29, 2020 | Dec 29, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 30, 2018 | Sep 30, 2018 | Jul 1, 2018 | Apr 1, 2018 | Dec 31, 2017 | Oct 1, 2017 | Jul 2, 2017 | Apr 2, 2017 | Jan 1, 2017 | Oct 2, 2016 | Jun 26, 2016 | Mar 27, 2016 | Dec 27, 2015 | Sep 27, 2015 | Jun 28, 2015 | Mar 29, 2015 | Dec 28, 2014 | |||||||||
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Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||
Current assets | 8,357,500 | 7,806,400 | 7,581,000 | 5,749,900 | 5,899,700 | 5,653,900 | 7,734,800 | 4,952,300 | 7,676,300 | 12,494,200 | 5,583,400 | 5,657,000 | 6,883,500 | 5,283,400 | 5,509,300 | 4,919,400 | 4,616,200 | 4,760,500 | 4,856,200 | 3,883,500 | 4,727,700 | 4,352,700 | 4,760,700 | 4,245,400 | 4,546,100 | ||||||||
Current liabilities | 7,883,900 | 7,346,800 | 8,002,000 | 8,265,800 | 8,675,500 | 6,168,700 | 5,895,800 | 5,273,400 | 5,427,500 | 5,684,200 | 5,551,600 | 5,187,000 | 6,841,100 | 4,220,700 | 4,026,500 | 4,000,100 | 4,397,300 | 4,546,900 | 4,245,200 | 4,351,200 | 4,420,100 | 3,653,500 | 4,049,200 | 3,521,200 | 3,557,500 | ||||||||
Liquidity Ratio | |||||||||||||||||||||||||||||||||
Current ratio1 | 1.06 | 1.06 | 0.95 | 0.70 | 0.68 | 0.92 | 1.31 | 0.94 | 1.41 | 2.20 | 1.01 | 1.09 | 1.01 | 1.25 | 1.37 | 1.23 | 1.05 | 1.05 | 1.14 | 0.89 | 1.07 | 1.19 | 1.18 | 1.21 | 1.28 | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||
Current Ratio, Competitors2 | |||||||||||||||||||||||||||||||||
Booking Holdings Inc. | — | — | 3.17 | 2.93 | 2.24 | 1.83 | 1.82 | 1.58 | 1.27 | 2.36 | 2.41 | 1.92 | 2.14 | 2.58 | 2.52 | 2.20 | 2.15 | 1.89 | 2.01 | 2.68 | 2.45 | 2.47 | 2.72 | 2.43 | 3.50 | ||||||||
McDonald’s Corp. | — | 1.01 | 1.07 | 0.91 | 1.90 | 0.98 | 0.84 | 1.21 | 1.47 | 1.36 | 1.53 | 1.47 | 1.74 | 1.84 | 1.28 | 2.15 | 1.83 | 1.40 | 0.96 | 1.89 | 1.77 | — | — | — | — |
Based on: 10-Q (filing date: 2021-01-26), 10-K (filing date: 2020-11-12), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-28), 10-Q (filing date: 2020-01-28), 10-K (filing date: 2019-11-15), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-30), 10-Q (filing date: 2019-01-29), 10-K (filing date: 2018-11-16), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-Q (filing date: 2018-01-31), 10-K (filing date: 2017-11-17), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-02), 10-Q (filing date: 2017-01-31), 10-K (filing date: 2016-11-18), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-Q (filing date: 2016-01-26), 10-K (filing date: 2015-11-12), 10-Q (filing date: 2015-07-28), 10-Q (filing date: 2015-04-28), 10-Q (filing date: 2015-01-27).
1 Q1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 8,357,500 ÷ 7,883,900 = 1.06
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. | Starbucks Corp.’s current ratio improved from Q3 2020 to Q4 2020 but then slightly deteriorated from Q4 2020 to Q1 2021. |
Quick Ratio
Starbucks Corp., quick ratio calculation (quarterly data)
Dec 27, 2020 | Sep 27, 2020 | Jun 28, 2020 | Mar 29, 2020 | Dec 29, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 30, 2018 | Sep 30, 2018 | Jul 1, 2018 | Apr 1, 2018 | Dec 31, 2017 | Oct 1, 2017 | Jul 2, 2017 | Apr 2, 2017 | Jan 1, 2017 | Oct 2, 2016 | Jun 26, 2016 | Mar 27, 2016 | Dec 27, 2015 | Sep 27, 2015 | Jun 28, 2015 | Mar 29, 2015 | Dec 28, 2014 | |||||||||
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Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||
Cash and cash equivalents | 5,028,100 | 4,350,900 | 3,965,900 | 2,572,300 | 3,040,500 | 2,686,600 | 4,763,300 | 2,055,100 | 4,761,600 | 8,756,300 | 1,892,100 | 2,142,000 | 3,661,400 | 2,462,300 | 2,716,200 | 2,163,900 | 2,034,600 | 2,128,800 | 2,141,800 | 1,294,400 | 2,263,500 | 1,530,100 | 2,080,500 | 1,750,400 | 1,857,000 | ||||||||
Short-term investments | 235,500 | 281,200 | 229,900 | 52,900 | 68,400 | 70,500 | 72,100 | 76,600 | 230,200 | 181,500 | 84,500 | 100,500 | 106,600 | 228,600 | 289,900 | 231,000 | 140,800 | 134,400 | 174,500 | 123,200 | 116,400 | 81,300 | 94,700 | 99,400 | 96,100 | ||||||||
Accounts receivable, net | 888,000 | 883,400 | 881,100 | 941,000 | 908,100 | 879,200 | 790,600 | 703,600 | 721,400 | 693,100 | 854,800 | 869,600 | 851,800 | 870,400 | 791,100 | 791,000 | 865,100 | 768,800 | 747,300 | 743,700 | 764,400 | 719,000 | 672,700 | 655,600 | 664,900 | ||||||||
Total quick assets | 6,151,600 | 5,515,500 | 5,076,900 | 3,566,200 | 4,017,000 | 3,636,300 | 5,626,000 | 2,835,300 | 5,713,200 | 9,630,900 | 2,831,400 | 3,112,100 | 4,619,800 | 3,561,300 | 3,797,200 | 3,185,900 | 3,040,500 | 3,032,000 | 3,063,600 | 2,161,300 | 3,144,300 | 2,330,400 | 2,847,900 | 2,505,400 | 2,618,000 | ||||||||
Current liabilities | 7,883,900 | 7,346,800 | 8,002,000 | 8,265,800 | 8,675,500 | 6,168,700 | 5,895,800 | 5,273,400 | 5,427,500 | 5,684,200 | 5,551,600 | 5,187,000 | 6,841,100 | 4,220,700 | 4,026,500 | 4,000,100 | 4,397,300 | 4,546,900 | 4,245,200 | 4,351,200 | 4,420,100 | 3,653,500 | 4,049,200 | 3,521,200 | 3,557,500 | ||||||||
Liquidity Ratio | |||||||||||||||||||||||||||||||||
Quick ratio1 | 0.78 | 0.75 | 0.63 | 0.43 | 0.46 | 0.59 | 0.95 | 0.54 | 1.05 | 1.69 | 0.51 | 0.60 | 0.68 | 0.84 | 0.94 | 0.80 | 0.69 | 0.67 | 0.72 | 0.50 | 0.71 | 0.64 | 0.70 | 0.71 | 0.74 | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||
Quick Ratio, Competitors2 | |||||||||||||||||||||||||||||||||
Booking Holdings Inc. | — | — | 3.04 | 2.81 | 1.90 | 1.68 | 1.67 | 1.38 | 1.04 | 2.20 | 2.25 | 1.73 | 1.89 | 2.46 | 2.40 | 2.02 | 1.94 | 1.81 | 1.89 | 2.42 | 2.13 | 2.29 | 2.49 | 2.11 | 3.14 | ||||||||
McDonald’s Corp. | — | 0.90 | 0.97 | 0.84 | 1.77 | 0.86 | 0.74 | 0.98 | 1.27 | 1.11 | 1.33 | 1.29 | 1.57 | 1.54 | 1.13 | 1.40 | 1.16 | 0.78 | 0.81 | 1.65 | 1.56 | — | — | — | — |
Based on: 10-Q (filing date: 2021-01-26), 10-K (filing date: 2020-11-12), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-28), 10-Q (filing date: 2020-01-28), 10-K (filing date: 2019-11-15), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-30), 10-Q (filing date: 2019-01-29), 10-K (filing date: 2018-11-16), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-Q (filing date: 2018-01-31), 10-K (filing date: 2017-11-17), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-02), 10-Q (filing date: 2017-01-31), 10-K (filing date: 2016-11-18), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-Q (filing date: 2016-01-26), 10-K (filing date: 2015-11-12), 10-Q (filing date: 2015-07-28), 10-Q (filing date: 2015-04-28), 10-Q (filing date: 2015-01-27).
1 Q1 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 6,151,600 ÷ 7,883,900 = 0.78
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. | Starbucks Corp.’s quick ratio improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021. |
Cash Ratio
Starbucks Corp., cash ratio calculation (quarterly data)
Dec 27, 2020 | Sep 27, 2020 | Jun 28, 2020 | Mar 29, 2020 | Dec 29, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 30, 2018 | Sep 30, 2018 | Jul 1, 2018 | Apr 1, 2018 | Dec 31, 2017 | Oct 1, 2017 | Jul 2, 2017 | Apr 2, 2017 | Jan 1, 2017 | Oct 2, 2016 | Jun 26, 2016 | Mar 27, 2016 | Dec 27, 2015 | Sep 27, 2015 | Jun 28, 2015 | Mar 29, 2015 | Dec 28, 2014 | |||||||||
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Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||
Cash and cash equivalents | 5,028,100 | 4,350,900 | 3,965,900 | 2,572,300 | 3,040,500 | 2,686,600 | 4,763,300 | 2,055,100 | 4,761,600 | 8,756,300 | 1,892,100 | 2,142,000 | 3,661,400 | 2,462,300 | 2,716,200 | 2,163,900 | 2,034,600 | 2,128,800 | 2,141,800 | 1,294,400 | 2,263,500 | 1,530,100 | 2,080,500 | 1,750,400 | 1,857,000 | ||||||||
Short-term investments | 235,500 | 281,200 | 229,900 | 52,900 | 68,400 | 70,500 | 72,100 | 76,600 | 230,200 | 181,500 | 84,500 | 100,500 | 106,600 | 228,600 | 289,900 | 231,000 | 140,800 | 134,400 | 174,500 | 123,200 | 116,400 | 81,300 | 94,700 | 99,400 | 96,100 | ||||||||
Total cash assets | 5,263,600 | 4,632,100 | 4,195,800 | 2,625,200 | 3,108,900 | 2,757,100 | 4,835,400 | 2,131,700 | 4,991,800 | 8,937,800 | 1,976,600 | 2,242,500 | 3,768,000 | 2,690,900 | 3,006,100 | 2,394,900 | 2,175,400 | 2,263,200 | 2,316,300 | 1,417,600 | 2,379,900 | 1,611,400 | 2,175,200 | 1,849,800 | 1,953,100 | ||||||||
Current liabilities | 7,883,900 | 7,346,800 | 8,002,000 | 8,265,800 | 8,675,500 | 6,168,700 | 5,895,800 | 5,273,400 | 5,427,500 | 5,684,200 | 5,551,600 | 5,187,000 | 6,841,100 | 4,220,700 | 4,026,500 | 4,000,100 | 4,397,300 | 4,546,900 | 4,245,200 | 4,351,200 | 4,420,100 | 3,653,500 | 4,049,200 | 3,521,200 | 3,557,500 | ||||||||
Liquidity Ratio | |||||||||||||||||||||||||||||||||
Cash ratio1 | 0.67 | 0.63 | 0.52 | 0.32 | 0.36 | 0.45 | 0.82 | 0.40 | 0.92 | 1.57 | 0.36 | 0.43 | 0.55 | 0.64 | 0.75 | 0.60 | 0.49 | 0.50 | 0.55 | 0.33 | 0.54 | 0.44 | 0.54 | 0.53 | 0.55 | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||
Cash Ratio, Competitors2 | |||||||||||||||||||||||||||||||||
Booking Holdings Inc. | — | — | 2.82 | 2.66 | 1.74 | 1.36 | 1.35 | 1.07 | 0.77 | 1.77 | 1.81 | 1.40 | 1.54 | 2.12 | 2.00 | 1.69 | 1.65 | 1.50 | 1.51 | 1.98 | 1.70 | 1.84 | 1.93 | 1.65 | 2.72 | ||||||||
McDonald’s Corp. | — | 0.56 | 0.59 | 0.45 | 1.35 | 0.25 | 0.28 | 0.35 | 0.68 | 0.29 | 0.71 | 0.55 | 0.87 | 0.85 | 0.71 | 0.87 | 0.75 | 0.35 | 0.51 | 1.17 | 1.16 | — | — | — | — |
Based on: 10-Q (filing date: 2021-01-26), 10-K (filing date: 2020-11-12), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-28), 10-Q (filing date: 2020-01-28), 10-K (filing date: 2019-11-15), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-30), 10-Q (filing date: 2019-01-29), 10-K (filing date: 2018-11-16), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-Q (filing date: 2018-01-31), 10-K (filing date: 2017-11-17), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-02), 10-Q (filing date: 2017-01-31), 10-K (filing date: 2016-11-18), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-Q (filing date: 2016-01-26), 10-K (filing date: 2015-11-12), 10-Q (filing date: 2015-07-28), 10-Q (filing date: 2015-04-28), 10-Q (filing date: 2015-01-27).
1 Q1 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 5,263,600 ÷ 7,883,900 = 0.67
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. | Starbucks Corp.’s cash ratio improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021. |