Coca-Cola Co. (KO)


Analysis of Liquidity Ratios
Quarterly Data

Difficulty: Beginner

Liquidity ratios measure the company’s ability to meet its short-term obligations.


Liquidity Ratios (Summary)

Coca-Cola Co., liquidity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 28, 2019 Mar 29, 2019 Dec 31, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 31, 2017 Sep 29, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jul 1, 2016 Apr 1, 2016 Dec 31, 2015 Oct 2, 2015 Jul 3, 2015 Apr 3, 2015 Dec 31, 2014 Sep 26, 2014 Jun 27, 2014 Mar 28, 2014
Current ratio 0.83 1.02 1.05 1.06 1.15 1.21 1.34 1.39 1.35 1.40 1.28 1.37 1.21 1.18 1.24 1.16 1.14 1.23 1.02 1.08 1.04 1.03
Quick ratio 0.62 0.57 0.66 0.72 0.76 0.80 0.90 1.12 1.08 1.01 0.98 1.07 0.98 0.85 0.89 0.85 0.90 0.94 0.81 0.88 0.84 0.82
Cash ratio 0.45 0.43 0.55 0.60 0.62 0.68 0.76 0.99 0.94 0.88 0.84 0.92 0.81 0.72 0.74 0.72 0.73 0.77 0.67 0.72 0.66 0.65

Based on: 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-24), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-30), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-10-29), 10-Q (filing date: 2014-07-30), 10-Q (filing date: 2014-04-24).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities.

Current Ratio

Coca-Cola Co., current ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 28, 2019 Mar 29, 2019 Dec 31, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 31, 2017 Sep 29, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jul 1, 2016 Apr 1, 2016 Dec 31, 2015 Oct 2, 2015 Jul 3, 2015 Apr 3, 2015 Dec 31, 2014 Sep 26, 2014 Jun 27, 2014 Mar 28, 2014
Selected Financial Data (US$ in millions)
Current assets 24,360  28,540  30,634  33,413  36,024  38,042  36,545  38,404  38,961  40,251  34,010  37,956  35,873  36,510  33,395  36,594  32,803  32,119  32,986  35,452  33,871  31,052 
Current liabilities 29,382  27,943  29,223  31,430  31,398  31,480  27,194  27,633  28,830  28,656  26,532  27,792  29,544  30,987  26,930  31,545  28,852  26,123  32,374  32,760  32,629  30,056 
Liquidity Ratio
Current ratio1 0.83 1.02 1.05 1.06 1.15 1.21 1.34 1.39 1.35 1.40 1.28 1.37 1.21 1.18 1.24 1.16 1.14 1.23 1.02 1.08 1.04 1.03
Benchmarks
Current Ratio, Competitors2
PepsiCo Inc. 0.86 0.94 0.99 1.31 1.24 1.28 1.51 1.35 1.32 1.25 1.28 1.32 1.40 1.42 1.31 1.20 1.07 1.04 1.14 1.16 1.28 1.20

Based on: 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-24), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-30), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-10-29), 10-Q (filing date: 2014-07-30), 10-Q (filing date: 2014-04-24).

1 Q2 2019 Calculation
Current ratio = Current assets ÷ Current liabilities
= 24,360 ÷ 29,382 = 0.83

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.

Quick Ratio

Coca-Cola Co., quick ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 28, 2019 Mar 29, 2019 Dec 31, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 31, 2017 Sep 29, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jul 1, 2016 Apr 1, 2016 Dec 31, 2015 Oct 2, 2015 Jul 3, 2015 Apr 3, 2015 Dec 31, 2014 Sep 26, 2014 Jun 27, 2014 Mar 28, 2014
Selected Financial Data (US$ in millions)
Cash and cash equivalents 6,731  5,645  8,926  9,065  7,975  8,291  6,006  12,528  11,718  12,120  8,555  11,147  9,647  8,748  7,309  9,983  8,805  8,211  8,958  11,084  11,618  9,131 
Short-term investments 2,572  1,538  2,025  4,727  5,843  7,518  9,352  9,691  11,016  9,791  9,595  11,265  11,755  10,003  8,322  9,177  8,709  8,366  9,052  9,185  6,524  6,918 
Marketable securities 4,058  4,765  5,013  5,055  5,536  5,564  5,317  5,138  4,490  3,294  4,051  3,157  2,673  3,460  4,269  3,614  3,433  3,472  3,665  3,445  3,467  3,384 
Trade accounts receivable, less allowances 4,888  3,852  3,396  3,702  4,565  3,904  3,667  3,664  4,024  3,702  3,856  4,082  4,768  4,147  3,941  4,028  4,976  4,461  4,466  5,081  5,870  5,233 
Total quick assets 18,249  15,800  19,360  22,549  23,919  25,277  24,342  31,021  31,248  28,907  26,057  29,651  28,843  26,358  23,841  26,802  25,923  24,510  26,141  28,795  27,479  24,666 
 
Current liabilities 29,382  27,943  29,223  31,430  31,398  31,480  27,194  27,633  28,830  28,656  26,532  27,792  29,544  30,987  26,930  31,545  28,852  26,123  32,374  32,760  32,629  30,056 
Liquidity Ratio
Quick ratio1 0.62 0.57 0.66 0.72 0.76 0.80 0.90 1.12 1.08 1.01 0.98 1.07 0.98 0.85 0.89 0.85 0.90 0.94 0.81 0.88 0.84 0.82
Benchmarks
Quick Ratio, Competitors2
PepsiCo Inc. 0.61 0.69 0.82 1.11 1.06 1.07 1.29 1.17 1.12 1.06 1.08 1.09 1.13 1.12 1.05 0.96 0.81 0.77 0.85 0.93 0.98 0.89

Based on: 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-24), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-30), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-10-29), 10-Q (filing date: 2014-07-30), 10-Q (filing date: 2014-04-24).

1 Q2 2019 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 18,249 ÷ 29,382 = 0.62

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.

Cash Ratio

Coca-Cola Co., cash ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 28, 2019 Mar 29, 2019 Dec 31, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 31, 2017 Sep 29, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jul 1, 2016 Apr 1, 2016 Dec 31, 2015 Oct 2, 2015 Jul 3, 2015 Apr 3, 2015 Dec 31, 2014 Sep 26, 2014 Jun 27, 2014 Mar 28, 2014
Selected Financial Data (US$ in millions)
Cash and cash equivalents 6,731  5,645  8,926  9,065  7,975  8,291  6,006  12,528  11,718  12,120  8,555  11,147  9,647  8,748  7,309  9,983  8,805  8,211  8,958  11,084  11,618  9,131 
Short-term investments 2,572  1,538  2,025  4,727  5,843  7,518  9,352  9,691  11,016  9,791  9,595  11,265  11,755  10,003  8,322  9,177  8,709  8,366  9,052  9,185  6,524  6,918 
Marketable securities 4,058  4,765  5,013  5,055  5,536  5,564  5,317  5,138  4,490  3,294  4,051  3,157  2,673  3,460  4,269  3,614  3,433  3,472  3,665  3,445  3,467  3,384 
Total cash assets 13,361  11,948  15,964  18,847  19,354  21,373  20,675  27,357  27,224  25,205  22,201  25,569  24,075  22,211  19,900  22,774  20,947  20,049  21,675  23,714  21,609  19,433 
 
Current liabilities 29,382  27,943  29,223  31,430  31,398  31,480  27,194  27,633  28,830  28,656  26,532  27,792  29,544  30,987  26,930  31,545  28,852  26,123  32,374  32,760  32,629  30,056 
Liquidity Ratio
Cash ratio1 0.45 0.43 0.55 0.60 0.62 0.68 0.76 0.99 0.94 0.88 0.84 0.92 0.81 0.72 0.74 0.72 0.73 0.77 0.67 0.72 0.66 0.65
Benchmarks
Cash Ratio, Competitors2
PepsiCo Inc. 0.19 0.29 0.50 0.71 0.74 0.80 0.95 0.82 0.78 0.74 0.76 0.72 0.72 0.72 0.68 0.56 0.44 0.42 0.48 0.56 0.56 0.52

Based on: 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-24), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-30), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-10-29), 10-Q (filing date: 2014-07-30), 10-Q (filing date: 2014-04-24).

1 Q2 2019 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 13,361 ÷ 29,382 = 0.45

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.