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 liquidity position of the entity from 2005 to 2022 is characterized by significant volatility in short-term obligations and a fluctuating current ratio. While the company maintained a current ratio above 1.0 throughout the entire period, indicating a consistent ability to cover short-term liabilities with short-term assets, the margin of safety has varied considerably over the seventeen-year span.
- Current Assets Trend
- Current assets exhibited a general upward trajectory with periodic fluctuations. Starting at 2.73 billion USD in 2005, assets reached a peak of 3.68 billion USD in 2019. A notable period of contraction occurred between 2008 and 2012, where assets dipped to a low of 2.03 billion USD in 2012 before recovering and trending upward through 2019. The most recent data shows a slight consolidation, ending at 3.33 billion USD in 2022.
- Current Liabilities Trend
- Current liabilities demonstrated high volatility, reflecting aggressive shifts in short-term financing or operational obligations. Liabilities reached historical lows in 2011 (662.9 million USD) and 2013 (677.9 million USD). Conversely, substantial increases were observed in 2019, where liabilities peaked at 3.16 billion USD, and again in 2022 at 2.70 billion USD. This erratic pattern suggests a strategic use of short-term debt or significant changes in working capital requirements.
- Current Ratio Dynamics
- The current ratio fluctuated between a high of 3.65 in 2013 and a low of 1.16 in 2019. A period of relative stability was observed from 2005 to 2010, with the ratio gradually declining from 2.40 to 1.89. Sharp spikes occurred in 2011 (3.14), 2013 (3.65), and 2021 (2.40), primarily driven by significant reductions in current liabilities. In contrast, the ratio declined toward its minimums in 2014 (1.36), 2016 (1.31), and 2019 (1.16), coinciding with peaks in short-term obligations. The period ended with a sharp decline to 1.23 in 2022, indicating a tightening of short-term liquidity.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
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).