Current Ratio
since 2005
Calculation
Constellation Brands Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Feb 28, 2022 | 1.23 | = | 3,329,700) | ÷ | 2,698,800) |
| Feb 28, 2021 | 2.40 | = | 3,044,500) | ÷ | 1,269,100) |
| Feb 29, 2020 | 1.51 | = | 3,484,100) | ÷ | 2,311,800) |
| Feb 28, 2019 | 1.16 | = | 3,684,000) | ÷ | 3,163,800) |
| Feb 28, 2018 | 1.79 | = | 3,474,000) | ÷ | 1,944,700) |
| Feb 28, 2017 | 1.20 | = | 3,230,000) | ÷ | 2,697,600) |
| Feb 29, 2016 | 1.31 | = | 2,977,600) | ÷ | 2,272,300) |
| Feb 28, 2015 | 2.57 | = | 2,910,800) | ÷ | 1,130,700) |
| Feb 28, 2014 | 1.36 | = | 2,747,200) | ÷ | 2,025,700) |
| Feb 28, 2013 | 3.65 | = | 2,471,200) | ÷ | 677,900) |
| Feb 29, 2012 | 1.70 | = | 2,034,300) | ÷ | 1,199,600) |
| Feb 28, 2011 | 3.14 | = | 2,083,000) | ÷ | 662,900) |
| Feb 28, 2010 | 1.89 | = | 2,589,100) | ÷ | 1,372,600) |
| Feb 28, 2009 | 1.91 | = | 2,534,500) | ÷ | 1,326,400) |
| Feb 29, 2008 | 1.86 | = | 3,199,000) | ÷ | 1,718,300) |
| Feb 28, 2007 | 1.90 | = | 3,023,300) | ÷ | 1,591,100) |
| Feb 28, 2006 | 2.08 | = | 2,700,855) | ÷ | 1,298,060) |
| Feb 28, 2005 | 2.40 | = | 2,734,035) | ÷ | 1,138,087) |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).
1 US$ in thousands
The financial data reveals several notable trends in the company’s liquidity position over the analyzed periods.
- Current Assets
- Current assets exhibit fluctuations within the overall period, starting at approximately 2,734 million US dollars in early 2005. There is a general upward trend reaching a peak of about 3,684 million US dollars in early 2019. Following this peak, the values show some variability, with a decline to approximately 3,044 million US dollars by early 2021, then a slight increase to nearly 3,330 million US dollars by early 2022.
- Current Liabilities
- Current liabilities display a more volatile pattern. Initial values in 2005 were around 1,138 million US dollars. There is a significant decrease and increase cycle over the years, with a sharp drop to approximately 663 million US dollars in early 2011, followed by sharp rises and falls in subsequent years. The highest liabilities appear around early 2019, peaking at about 3,164 million US dollars, then dropping substantially in the following years before climbing again to nearly 2,699 million US dollars in early 2022.
- Current Ratio
- The current ratio, which measures short-term liquidity, presents variability and suggests differing liquidity conditions across periods. The ratio starts strong at 2.4 in 2005, decreases gradually to levels near 1.2 in 2017 and 2019, indicating a tighter liquidity position during those years. The highest ratios occur in 2011 (3.14) and 2013 (3.65), reflecting robust liquidity during these years. The ratio declines again after 2019, reaching a low of 1.16, but rebounds to 2.4 in 2021 before dropping to 1.23 in 2022, indicating fluctuating liquidity management.
Overall, the company’s liquidity has shown considerable fluctuations, with peaks and troughs in current assets and liabilities often impacting the current ratio. Periods of high current ratio indicate stronger short-term financial stability, while lower ratios suggest tighter liquidity conditions. The volatility, notably in current liabilities, suggests periods of shifting working capital requirements or changing operational conditions.
Comparison to Competitors
Constellation Brands Inc., current ratio, long-term trends, comparison to competitors
| Constellation Brands Inc. | Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|---|
| Feb 28, 2022 | 1.23 | 1.15 | 0.60 | 0.80 | 0.72 |
| Feb 28, 2021 | 2.40 | 1.13 | 0.74 | 0.83 | 0.92 |
| Feb 29, 2020 | 1.51 | 1.32 | 0.66 | 0.98 | 1.10 |
| Feb 28, 2019 | 1.16 | 0.76 | 0.50 | 0.86 | 1.09 |
| Feb 28, 2018 | 1.79 | 1.05 | 0.45 | 0.99 | 1.13 |
| Feb 28, 2017 | 1.20 | 1.34 | 0.48 | 1.51 | 1.35 |
| Feb 29, 2016 | 1.31 | 1.28 | 0.59 | 1.28 | 1.07 |
| Feb 28, 2015 | 2.57 | 1.24 | 0.82 | 1.31 | 1.03 |
| Feb 28, 2014 | 1.36 | 1.02 | 0.84 | 1.14 | 1.02 |
| Feb 28, 2013 | 3.65 | 1.13 | 0.92 | 1.24 | 0.99 |
| Feb 29, 2012 | 1.70 | 1.09 | 1.05 | 1.10 | 0.97 |
| Feb 28, 2011 | 3.14 | 1.05 | 0.88 | 0.96 | 1.00 |
| Feb 28, 2010 | 1.89 | 1.17 | 1.04 | 1.11 | 1.07 |
| Feb 28, 2009 | 1.91 | 1.28 | 1.08 | 1.44 | 1.31 |
| Feb 29, 2008 | 1.86 | 0.94 | 1.03 | 1.23 | 1.47 |
| Feb 28, 2007 | 1.90 | 0.92 | 0.63 | 1.31 | — |
| Feb 28, 2006 | 2.08 | 0.95 | 0.79 | 1.33 | — |
| Feb 28, 2005 | 2.40 | 1.04 | 0.93 | 1.11 | — |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).
Comparison to Sector (Food, Beverage & Tobacco)
Constellation Brands Inc., current ratio, long-term trends, comparison to sector (food, beverage & tobacco)
| Constellation Brands Inc. | Food, Beverage & Tobacco | |
|---|---|---|
| Feb 28, 2022 | 1.23 | 0.82 |
| Feb 28, 2021 | 2.40 | 0.91 |
| Feb 29, 2020 | 1.51 | 1.01 |
| Feb 28, 2019 | 1.16 | 0.81 |
| Feb 28, 2018 | 1.79 | 0.93 |
| Feb 28, 2017 | 1.20 | 1.22 |
| Feb 29, 2016 | 1.31 | 1.11 |
| Feb 28, 2015 | 2.57 | 1.15 |
| Feb 28, 2014 | 1.36 | 1.02 |
| Feb 28, 2013 | 3.65 | 1.08 |
| Feb 29, 2012 | 1.70 | 1.06 |
| Feb 28, 2011 | 3.14 | 0.98 |
| Feb 28, 2010 | 1.89 | 1.10 |
| Feb 28, 2009 | 1.91 | 1.27 |
| Feb 29, 2008 | 1.86 | 1.15 |
| Feb 28, 2007 | 1.90 | 0.87 |
| Feb 28, 2006 | 2.08 | 0.98 |
| Feb 28, 2005 | 2.40 | 1.03 |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).
Comparison to Industry (Consumer Staples)
Constellation Brands Inc., current ratio, long-term trends, comparison to industry (consumer staples)
| Constellation Brands Inc. | Consumer Staples | |
|---|---|---|
| Feb 28, 2022 | 1.23 | 0.87 |
| Feb 28, 2021 | 2.40 | 0.93 |
| Feb 29, 2020 | 1.51 | 0.92 |
| Feb 28, 2019 | 1.16 | 0.82 |
| Feb 28, 2018 | 1.79 | 0.87 |
| Feb 28, 2017 | 1.20 | 1.02 |
| Feb 29, 2016 | 1.31 | 1.04 |
| Feb 28, 2015 | 2.57 | 1.06 |
| Feb 28, 2014 | 1.36 | 0.97 |
| Feb 28, 2013 | 3.65 | 0.97 |
| Feb 29, 2012 | 1.70 | 0.99 |
| Feb 28, 2011 | 3.14 | 0.97 |
| Feb 28, 2010 | 1.89 | 1.01 |
| Feb 28, 2009 | 1.91 | 1.03 |
| Feb 29, 2008 | 1.86 | 0.98 |
| Feb 28, 2007 | 1.90 | 0.91 |
| Feb 28, 2006 | 2.08 | 1.04 |
| Feb 28, 2005 | 2.40 | 0.99 |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).