Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
PepsiCo Inc., liquidity ratios
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | ||
|---|---|---|---|---|---|---|
| Current ratio | 0.85 | 0.80 | 0.83 | 0.98 | 0.86 | |
| Quick ratio | 0.66 | 0.58 | 0.56 | 0.77 | 0.66 | |
| Cash ratio | 0.32 | 0.20 | 0.23 | 0.41 | 0.28 |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | PepsiCo Inc. current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | PepsiCo Inc. quick ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | PepsiCo Inc. cash ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Current Ratio
PepsiCo Inc., current ratio calculation, comparison to benchmarks
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 26,950) | 21,539) | 21,783) | 23,001) | 17,645) | |
| Current liabilities | 31,647) | 26,785) | 26,220) | 23,372) | 20,461) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 0.85 | 0.80 | 0.83 | 0.98 | 0.86 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Altria Group Inc. | 0.49 | 0.84 | 0.71 | 0.79 | 0.59 | |
| Coca-Cola Co. | 1.13 | 1.15 | 1.13 | 1.32 | 0.76 | |
| Mondelēz International Inc. | 0.62 | 0.60 | 0.74 | 0.66 | 0.50 | |
| Current Ratio, Sector | ||||||
| Food, Beverage & Tobacco | 0.83 | 0.86 | 0.88 | 0.95 | 0.71 | |
| Current Ratio, Industry | ||||||
| Consumer Staples | 0.84 | 0.89 | 0.92 | 0.90 | 0.79 | |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).
1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 26,950 ÷ 31,647 = 0.85
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. | PepsiCo Inc. current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Quick Ratio
PepsiCo Inc., quick ratio calculation, comparison to benchmarks
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 9,711) | 4,954) | 5,596) | 8,185) | 5,509) | |
| Short-term investments | 292) | 394) | 392) | 1,366) | 229) | |
| Accounts and notes receivable, net | 10,815) | 10,163) | 8,680) | 8,404) | 7,822) | |
| Total quick assets | 20,818) | 15,511) | 14,668) | 17,955) | 13,560) | |
| Current liabilities | 31,647) | 26,785) | 26,220) | 23,372) | 20,461) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 0.66 | 0.58 | 0.56 | 0.77 | 0.66 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Altria Group Inc. | 0.33 | 0.67 | 0.54 | 0.56 | 0.28 | |
| Coca-Cola Co. | 0.72 | 0.77 | 0.81 | 0.96 | 0.56 | |
| Mondelēz International Inc. | 0.33 | 0.35 | 0.48 | 0.43 | 0.28 | |
| Quick Ratio, Sector | ||||||
| Food, Beverage & Tobacco | 0.56 | 0.59 | 0.61 | 0.70 | 0.50 | |
| Quick Ratio, Industry | ||||||
| Consumer Staples | 0.37 | 0.40 | 0.43 | 0.46 | 0.36 | |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).
1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 20,818 ÷ 31,647 = 0.66
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. | PepsiCo Inc. quick ratio improved from 2021 to 2022 and from 2022 to 2023. |
Cash Ratio
PepsiCo Inc., cash ratio calculation, comparison to benchmarks
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 9,711) | 4,954) | 5,596) | 8,185) | 5,509) | |
| Short-term investments | 292) | 394) | 392) | 1,366) | 229) | |
| Total cash assets | 10,003) | 5,348) | 5,988) | 9,551) | 5,738) | |
| Current liabilities | 31,647) | 26,785) | 26,220) | 23,372) | 20,461) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.32 | 0.20 | 0.23 | 0.41 | 0.28 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Altria Group Inc. | 0.33 | 0.47 | 0.53 | 0.55 | 0.26 | |
| Coca-Cola Co. | 0.58 | 0.59 | 0.63 | 0.75 | 0.41 | |
| Mondelēz International Inc. | 0.10 | 0.11 | 0.25 | 0.24 | 0.08 | |
| Cash Ratio, Sector | ||||||
| Food, Beverage & Tobacco | 0.34 | 0.32 | 0.39 | 0.47 | 0.29 | |
| Cash Ratio, Industry | ||||||
| Consumer Staples | 0.24 | 0.25 | 0.31 | 0.33 | 0.23 | |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).
1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 10,003 ÷ 31,647 = 0.32
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. | PepsiCo Inc. cash ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |