Current Ratio
since 2005
Calculation
Coca-Cola Co., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2025 | 1.46 | = | 31,044) | ÷ | 21,281) |
| Dec 31, 2024 | 1.03 | = | 25,997) | ÷ | 25,249) |
| Dec 31, 2023 | 1.13 | = | 26,732) | ÷ | 23,571) |
| Dec 31, 2022 | 1.15 | = | 22,591) | ÷ | 19,724) |
| Dec 31, 2021 | 1.13 | = | 22,545) | ÷ | 19,950) |
| Dec 31, 2020 | 1.32 | = | 19,240) | ÷ | 14,601) |
| Dec 31, 2019 | 0.76 | = | 20,411) | ÷ | 26,973) |
| Dec 31, 2018 | 1.05 | = | 30,634) | ÷ | 29,223) |
| Dec 31, 2017 | 1.34 | = | 36,545) | ÷ | 27,194) |
| Dec 31, 2016 | 1.28 | = | 34,010) | ÷ | 26,532) |
| Dec 31, 2015 | 1.24 | = | 33,395) | ÷ | 26,930) |
| Dec 31, 2014 | 1.02 | = | 32,986) | ÷ | 32,374) |
| Dec 31, 2013 | 1.13 | = | 31,304) | ÷ | 27,811) |
| Dec 31, 2012 | 1.09 | = | 30,328) | ÷ | 27,821) |
| Dec 31, 2011 | 1.05 | = | 25,497) | ÷ | 24,283) |
| Dec 31, 2010 | 1.17 | = | 21,579) | ÷ | 18,508) |
| Dec 31, 2009 | 1.28 | = | 17,551) | ÷ | 13,721) |
| Dec 31, 2008 | 0.94 | = | 12,176) | ÷ | 12,988) |
| Dec 31, 2007 | 0.92 | = | 12,105) | ÷ | 13,225) |
| Dec 31, 2006 | 0.95 | = | 8,441) | ÷ | 8,890) |
| Dec 31, 2005 | 1.04 | = | 10,250) | ÷ | 9,836) |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 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 demonstrated a slight decline from 1.04 in 2005 to 0.92 in 2007, indicating a marginally decreasing ability to cover short-term liabilities with short-term assets. A modest recovery followed in 2008, reaching 0.94, before a significant increase to 1.28 in 2009. This improvement continued into 2010, with the ratio reaching 1.17.
From 2010 to 2017, the current ratio generally trended upward, peaking at 1.34 in 2017. This suggests a strengthening liquidity position during this timeframe. However, a decrease was observed in 2018, falling to 1.05. A substantial decline occurred in 2019, with the ratio dropping to 0.76, representing the lowest point in the analyzed period. A strong rebound occurred in 2020, with the ratio increasing to 1.32, followed by a decrease to 1.13 in 2021 and a slight increase to 1.15 in 2022.
The final years of the period show some volatility. The ratio decreased to 1.13 in 2023 and then to 1.03 in 2024, before increasing significantly to 1.46 in 2025. This final increase suggests a renewed strengthening of the short-term liquidity position.
- Overall Trend
- The current ratio demonstrated considerable variability throughout the analyzed period. While generally above 1.0, indicating sufficient current assets to cover current liabilities, the ratio experienced periods of both strengthening and weakening liquidity. The most pronounced decline occurred in 2019, followed by a substantial recovery in 2020.
- Significant Fluctuations
- The increase from 0.92 in 2007 to 1.28 in 2009 is notable, as is the subsequent decline to 0.76 in 2019. These fluctuations warrant further investigation to understand the underlying drivers, such as changes in working capital management or short-term financing strategies.
- Recent Performance
- The recent trend, from 2020 to 2025, shows initial recovery followed by moderate fluctuations and a strong finish with a ratio of 1.46. This suggests a potential stabilization of the liquidity position, although continued monitoring is recommended.
AI Ask an analyst for more
Comparison to Competitors
Coca-Cola Co., current ratio, long-term trends, comparison to competitors
| Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|
| Dec 31, 2025 | 1.46 | 0.59 | 0.85 | 0.96 |
| Dec 31, 2024 | 1.03 | 0.68 | 0.82 | 0.88 |
| Dec 31, 2023 | 1.13 | 0.62 | 0.85 | 0.75 |
| Dec 31, 2022 | 1.15 | 0.60 | 0.80 | 0.72 |
| Dec 31, 2021 | 1.13 | 0.74 | 0.83 | 0.92 |
| Dec 31, 2020 | 1.32 | 0.66 | 0.98 | 1.10 |
| Dec 31, 2019 | 0.76 | 0.50 | 0.86 | 1.09 |
| Dec 31, 2018 | 1.05 | 0.45 | 0.99 | 1.13 |
| Dec 31, 2017 | 1.34 | 0.48 | 1.51 | 1.35 |
| Dec 31, 2016 | 1.28 | 0.59 | 1.28 | 1.07 |
| Dec 31, 2015 | 1.24 | 0.82 | 1.31 | 1.03 |
| Dec 31, 2014 | 1.02 | 0.84 | 1.14 | 1.02 |
| Dec 31, 2013 | 1.13 | 0.92 | 1.24 | 0.99 |
| Dec 31, 2012 | 1.09 | 1.05 | 1.10 | 0.97 |
| Dec 31, 2011 | 1.05 | 0.88 | 0.96 | 1.00 |
| Dec 31, 2010 | 1.17 | 1.04 | 1.11 | 1.07 |
| Dec 31, 2009 | 1.28 | 1.08 | 1.44 | 1.31 |
| Dec 31, 2008 | 0.94 | 1.03 | 1.23 | 1.47 |
| Dec 31, 2007 | 0.92 | 0.63 | 1.31 | — |
| Dec 31, 2006 | 0.95 | 0.79 | 1.33 | — |
| Dec 31, 2005 | 1.04 | 0.93 | 1.11 | — |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Food, Beverage & Tobacco)
Coca-Cola Co., current ratio, long-term trends, comparison to sector (food, beverage & tobacco)
| Coca-Cola Co. | Food, Beverage & Tobacco | |
|---|---|---|
| Dec 31, 2025 | 1.46 | 0.95 |
| Dec 31, 2024 | 1.03 | 0.86 |
| Dec 31, 2023 | 1.13 | 0.85 |
| Dec 31, 2022 | 1.15 | 0.82 |
| Dec 31, 2021 | 1.13 | 0.91 |
| Dec 31, 2020 | 1.32 | 1.01 |
| Dec 31, 2019 | 0.76 | 0.81 |
| Dec 31, 2018 | 1.05 | 0.93 |
| Dec 31, 2017 | 1.34 | 1.22 |
| Dec 31, 2016 | 1.28 | 1.11 |
| Dec 31, 2015 | 1.24 | 1.15 |
| Dec 31, 2014 | 1.02 | 1.02 |
| Dec 31, 2013 | 1.13 | 1.08 |
| Dec 31, 2012 | 1.09 | 1.06 |
| Dec 31, 2011 | 1.05 | 0.98 |
| Dec 31, 2010 | 1.17 | 1.10 |
| Dec 31, 2009 | 1.28 | 1.27 |
| Dec 31, 2008 | 0.94 | 1.15 |
| Dec 31, 2007 | 0.92 | 0.87 |
| Dec 31, 2006 | 0.95 | 0.98 |
| Dec 31, 2005 | 1.04 | 1.03 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Staples)
Coca-Cola Co., current ratio, long-term trends, comparison to industry (consumer staples)
| Coca-Cola Co. | Consumer Staples | |
|---|---|---|
| Dec 31, 2025 | 1.46 | 0.89 |
| Dec 31, 2024 | 1.03 | 0.85 |
| Dec 31, 2023 | 1.13 | 0.84 |
| Dec 31, 2022 | 1.15 | 0.87 |
| Dec 31, 2021 | 1.13 | 0.93 |
| Dec 31, 2020 | 1.32 | 0.92 |
| Dec 31, 2019 | 0.76 | 0.82 |
| Dec 31, 2018 | 1.05 | 0.87 |
| Dec 31, 2017 | 1.34 | 1.02 |
| Dec 31, 2016 | 1.28 | 1.04 |
| Dec 31, 2015 | 1.24 | 1.06 |
| Dec 31, 2014 | 1.02 | 0.97 |
| Dec 31, 2013 | 1.13 | 0.97 |
| Dec 31, 2012 | 1.09 | 0.99 |
| Dec 31, 2011 | 1.05 | 0.97 |
| Dec 31, 2010 | 1.17 | 1.01 |
| Dec 31, 2009 | 1.28 | 1.03 |
| Dec 31, 2008 | 0.94 | 0.98 |
| Dec 31, 2007 | 0.92 | 0.91 |
| Dec 31, 2006 | 0.95 | 1.04 |
| Dec 31, 2005 | 1.04 | 0.99 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).