Starbucks Corp. (SBUX)


Liquidity Analysis
Quarterly Data

Difficulty: Beginner


Ratios (Summary)

Starbucks Corp., liquidity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
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 Sep 28, 2014 Jun 29, 2014 Mar 30, 2014 Dec 29, 2013 Sep 29, 2013 Jun 30, 2013 Mar 31, 2013 Dec 30, 2012
Current ratio 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 1.37 1.16 1.31 1.27 1.02 1.75 1.68 1.85
Quick ratio 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 0.81 0.62 0.76 0.78 0.71 1.05 0.98 1.23
Cash ratio 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 0.61 0.41 0.54 0.58 0.60 0.84 0.75 1.03

Based on: 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), 10-K (filing date: 2014-11-14), 10-Q (filing date: 2014-07-29), 10-Q (filing date: 2014-04-29), 10-Q (filing date: 2014-01-28), 10-K (filing date: 2013-11-18), 10-Q (filing date: 2013-07-30), 10-Q (filing date: 2013-04-30), 10-Q (filing date: 2013-01-29).

Ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Starbucks Corp.’s current ratio deteriorated from Q1 2019 to Q2 2019 but then improved from Q2 2019 to Q3 2019 not reaching Q1 2019 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Starbucks Corp.’s quick ratio deteriorated from Q1 2019 to Q2 2019 but then improved from Q2 2019 to Q3 2019 not reaching Q1 2019 level.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Starbucks Corp.’s cash ratio deteriorated from Q1 2019 to Q2 2019 but then improved from Q2 2019 to Q3 2019 not reaching Q1 2019 level.

Current Ratio

Starbucks Corp., current ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Sep 28, 2014 Jun 29, 2014 Mar 30, 2014 Dec 29, 2013 Sep 29, 2013 Jun 30, 2013 Mar 31, 2013 Dec 30, 2012
Selected Financial Data (US$ in thousands)
Current assets 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  4,168,700  3,356,900  3,579,000  3,759,400  5,471,400  4,239,700  3,810,200  4,416,000 
Current liabilities 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  3,038,700  2,883,900  2,733,500  2,953,000  5,377,300  2,424,400  2,269,700  2,390,900 
Ratio
Current ratio1 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 1.37 1.16 1.31 1.27 1.02 1.75 1.68 1.85
Benchmarks
Current Ratio, Competitors2
Booking Holdings Inc. 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 3.82 4.60 5.65 5.49
Delta Air Lines Inc. 0.34 0.34 0.34 0.37 0.40 0.39 0.42 0.43 0.43 0.43 0.49 0.48 0.47 0.51 0.52 0.68 0.67 0.71 0.74 0.74 0.69 0.65
Marriott International Inc. 0.51 0.47 0.42 0.46 0.48 0.49 0.46 0.52 0.53 0.60 0.65 0.72 0.60 0.44 0.43 0.49 0.54 0.60 0.63 0.57 0.57 0.60 0.68 0.57 0.69
McDonald’s Corp. 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 3.27 1.52 2.16 1.31 1.52 1.25 1.74 1.56

Based on: 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), 10-K (filing date: 2014-11-14), 10-Q (filing date: 2014-07-29), 10-Q (filing date: 2014-04-29), 10-Q (filing date: 2014-01-28), 10-K (filing date: 2013-11-18), 10-Q (filing date: 2013-07-30), 10-Q (filing date: 2013-04-30), 10-Q (filing date: 2013-01-29).

1 Q3 2019 Calculation
Current ratio = Current assets ÷ Current liabilities
= 7,734,800 ÷ 5,895,800 = 1.31

2 Click competitor name to see calculations.

Ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Starbucks Corp.’s current ratio deteriorated from Q1 2019 to Q2 2019 but then improved from Q2 2019 to Q3 2019 not reaching Q1 2019 level.

Quick Ratio

Starbucks Corp., quick ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Sep 28, 2014 Jun 29, 2014 Mar 30, 2014 Dec 29, 2013 Sep 29, 2013 Jun 30, 2013 Mar 31, 2013 Dec 30, 2012
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 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  1,708,400  1,019,400  1,190,300  1,545,800  2,575,700  1,430,800  1,223,200  1,852,100 
Short-term investments 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  135,400  176,900  299,200  157,000  658,100  613,500  474,500  607,600 
Accounts receivable, net 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  631,000  580,900  590,000  589,800  561,400  506,800  520,000  469,200 
Total quick assets 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  2,474,800  1,777,200  2,079,500  2,292,600  3,795,200  2,551,100  2,217,700  2,928,900 
 
Current liabilities 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  3,038,700  2,883,900  2,733,500  2,953,000  5,377,300  2,424,400  2,269,700  2,390,900 
Ratio
Quick ratio1 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 0.81 0.62 0.76 0.78 0.71 1.05 0.98 1.23
Benchmarks
Quick Ratio, Competitors2
Booking Holdings Inc. 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 3.58 4.46 5.31 5.13
Delta Air Lines Inc. 0.23 0.24 0.22 0.24 0.25 0.23 0.27 0.29 0.31 0.31 0.35 0.34 0.31 0.28 0.31 0.33 0.34 0.32 0.33 0.44 0.41 0.38
Marriott International Inc. 0.46 0.42 0.38 0.42 0.43 0.43 0.40 0.43 0.43 0.48 0.50 0.53 0.56 0.38 0.37 0.35 0.38 0.43 0.39 0.43 0.46 0.47 0.46 0.45 0.55
McDonald’s Corp. 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 3.05 1.21 1.88 0.99 1.20 0.97 1.46 1.28

Based on: 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), 10-K (filing date: 2014-11-14), 10-Q (filing date: 2014-07-29), 10-Q (filing date: 2014-04-29), 10-Q (filing date: 2014-01-28), 10-K (filing date: 2013-11-18), 10-Q (filing date: 2013-07-30), 10-Q (filing date: 2013-04-30), 10-Q (filing date: 2013-01-29).

1 Q3 2019 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 5,626,000 ÷ 5,895,800 = 0.95

2 Click competitor name to see calculations.

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 deteriorated from Q1 2019 to Q2 2019 but then improved from Q2 2019 to Q3 2019 not reaching Q1 2019 level.

Cash Ratio

Starbucks Corp., cash ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Sep 28, 2014 Jun 29, 2014 Mar 30, 2014 Dec 29, 2013 Sep 29, 2013 Jun 30, 2013 Mar 31, 2013 Dec 30, 2012
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 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  1,708,400  1,019,400  1,190,300  1,545,800  2,575,700  1,430,800  1,223,200  1,852,100 
Short-term investments 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  135,400  176,900  299,200  157,000  658,100  613,500  474,500  607,600 
Total cash assets 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  1,843,800  1,196,300  1,489,500  1,702,800  3,233,800  2,044,300  1,697,700  2,459,700 
 
Current liabilities 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  3,038,700  2,883,900  2,733,500  2,953,000  5,377,300  2,424,400  2,269,700  2,390,900 
Ratio
Cash ratio1 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 0.61 0.41 0.54 0.58 0.60 0.84 0.75 1.03
Benchmarks
Cash Ratio, Competitors2
Booking Holdings Inc. 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 3.11 3.92 4.75 4.69
Delta Air Lines Inc. 0.09 0.09 0.10 0.10 0.12 0.10 0.14 0.15 0.18 0.17 0.21 0.21 0.18 0.16 0.20 0.22 0.22 0.21 0.20 0.29 0.27 0.24
Marriott International Inc. 0.05 0.04 0.05 0.06 0.06 0.11 0.06 0.09 0.09 0.14 0.17 0.21 0.21 0.03 0.03 0.03 0.04 0.04 0.03 0.05 0.07 0.07 0.06 0.04 0.09
McDonald’s Corp. 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 2.60 0.83 1.45 0.59 0.76 0.68 1.08 0.88

Based on: 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), 10-K (filing date: 2014-11-14), 10-Q (filing date: 2014-07-29), 10-Q (filing date: 2014-04-29), 10-Q (filing date: 2014-01-28), 10-K (filing date: 2013-11-18), 10-Q (filing date: 2013-07-30), 10-Q (filing date: 2013-04-30), 10-Q (filing date: 2013-01-29).

1 Q3 2019 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 4,835,400 ÷ 5,895,800 = 0.82

2 Click competitor name to see calculations.

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 deteriorated from Q1 2019 to Q2 2019 but then improved from Q2 2019 to Q3 2019 not reaching Q1 2019 level.