Stock Analysis on Net

Coca-Cola Co. (NYSE:KO)

Analysis of Liquidity Ratios 

Microsoft Excel LibreOffice Calc

Liquidity Ratios (Summary)

Coca-Cola Co., liquidity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Current ratio 1.13 1.32 0.76 1.05 1.34
Quick ratio 0.81 0.96 0.56 0.66 0.90
Cash ratio 0.63 0.75 0.41 0.55 0.76

Based on: 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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Coca-Cola Co. current ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Coca-Cola Co. quick ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Coca-Cola Co. cash ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021.

Current Ratio

Coca-Cola Co., current ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Current assets 22,545  19,240  20,411  30,634  36,545 
Current liabilities 19,950  14,601  26,973  29,223  27,194 
Liquidity Ratio
Current ratio1 1.13 1.32 0.76 1.05 1.34
Benchmarks
Current Ratio, Competitors2
Altria Group Inc. 0.71 0.79 0.59 0.20 0.64
Mondelēz International Inc. 0.74 0.66 0.50 0.45 0.48
PepsiCo Inc. 0.83 0.98 0.86 0.99 1.51
Philip Morris International Inc. 0.92 1.10 1.09 1.13 1.35
Current Ratio, Sector
Food, Beverage & Tobacco 0.89 0.99 0.79 0.79 1.17
Current Ratio, Industry
Consumer Staples 0.93 0.93 0.83 0.82 1.02

Based on: 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).

1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 22,545 ÷ 19,950 = 1.13

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. Coca-Cola Co. current ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021.

Quick Ratio

Coca-Cola Co., quick ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents 9,684  6,795  6,480  8,926  6,006 
Short-term investments 1,242  1,771  1,467  2,025  9,352 
Marketable securities 1,699  2,348  3,228  5,013  5,317 
Trade accounts receivable, less allowances 3,512  3,144  3,971  3,396  3,667 
Total quick assets 16,137  14,058  15,146  19,360  24,342 
 
Current liabilities 19,950  14,601  26,973  29,223  27,194 
Liquidity Ratio
Quick ratio1 0.81 0.96 0.56 0.66 0.90
Benchmarks
Quick Ratio, Competitors2
Altria Group Inc. 0.54 0.56 0.28 0.07 0.21
Mondelēz International Inc. 0.48 0.43 0.28 0.25 0.27
PepsiCo Inc. 0.56 0.77 0.66 0.82 1.29
Philip Morris International Inc. 0.44 0.56 0.56 0.59 0.76
Quick Ratio, Sector
Food, Beverage & Tobacco 0.57 0.67 0.51 0.50 0.80
Quick Ratio, Industry
Consumer Staples 0.45 0.50 0.41 0.41 0.55

Based on: 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).

1 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 16,137 ÷ 19,950 = 0.81

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. Coca-Cola Co. quick ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021.

Cash Ratio

Coca-Cola Co., cash ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents 9,684  6,795  6,480  8,926  6,006 
Short-term investments 1,242  1,771  1,467  2,025  9,352 
Marketable securities 1,699  2,348  3,228  5,013  5,317 
Total cash assets 12,625  10,914  11,175  15,964  20,675 
 
Current liabilities 19,950  14,601  26,973  29,223  27,194 
Liquidity Ratio
Cash ratio1 0.63 0.75 0.41 0.55 0.76
Benchmarks
Cash Ratio, Competitors2
Altria Group Inc. 0.53 0.55 0.26 0.06 0.18
Mondelēz International Inc. 0.25 0.24 0.08 0.07 0.05
PepsiCo Inc. 0.23 0.41 0.28 0.50 0.95
Philip Morris International Inc. 0.23 0.37 0.36 0.38 0.53
Cash Ratio, Sector
Food, Beverage & Tobacco 0.35 0.44 0.30 0.34 0.59
Cash Ratio, Industry
Consumer Staples 0.31 0.36 0.26 0.27 0.39

Based on: 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).

1 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 12,625 ÷ 19,950 = 0.63

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. Coca-Cola Co. cash ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021.