Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
PepsiCo Inc., liquidity ratios
| Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | ||
|---|---|---|---|---|---|---|
| Current ratio | 0.82 | 0.85 | 0.80 | 0.83 | 0.98 | |
| Quick ratio | 0.62 | 0.66 | 0.58 | 0.56 | 0.77 | |
| Cash ratio | 0.29 | 0.32 | 0.20 | 0.23 | 0.41 |
Based on: 10-K (reporting date: 2024-12-28), 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).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | PepsiCo Inc. current ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 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 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | PepsiCo Inc. cash ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Current Ratio
PepsiCo Inc., current ratio calculation, comparison to benchmarks
| Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 25,826) | 26,950) | 21,539) | 21,783) | 23,001) | |
| Current liabilities | 31,536) | 31,647) | 26,785) | 26,220) | 23,372) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 0.82 | 0.85 | 0.80 | 0.83 | 0.98 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Coca-Cola Co. | 1.03 | 1.13 | 1.15 | 1.13 | 1.32 | |
| Mondelēz International Inc. | 0.68 | 0.62 | 0.60 | 0.74 | 0.66 | |
| Philip Morris International Inc. | 0.88 | 0.75 | 0.72 | 0.92 | 1.10 | |
| Current Ratio, Sector | ||||||
| Food, Beverage & Tobacco | 0.86 | 0.85 | 0.82 | 0.91 | 1.01 | |
| Current Ratio, Industry | ||||||
| Consumer Staples | 0.85 | 0.84 | 0.87 | 0.93 | 0.92 | |
Based on: 10-K (reporting date: 2024-12-28), 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).
1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 25,826 ÷ 31,536 = 0.82
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 improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
Quick Ratio
PepsiCo Inc., quick ratio calculation, comparison to benchmarks
| Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 8,505) | 9,711) | 4,954) | 5,596) | 8,185) | |
| Short-term investments | 761) | 292) | 394) | 392) | 1,366) | |
| Accounts and notes receivable, net | 10,333) | 10,815) | 10,163) | 8,680) | 8,404) | |
| Total quick assets | 19,599) | 20,818) | 15,511) | 14,668) | 17,955) | |
| Current liabilities | 31,536) | 31,647) | 26,785) | 26,220) | 23,372) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 0.62 | 0.66 | 0.58 | 0.56 | 0.77 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Coca-Cola Co. | 0.72 | 0.72 | 0.77 | 0.81 | 0.96 | |
| Mondelēz International Inc. | 0.32 | 0.33 | 0.35 | 0.48 | 0.43 | |
| Philip Morris International Inc. | 0.39 | 0.28 | 0.29 | 0.44 | 0.56 | |
| Quick Ratio, Sector | ||||||
| Food, Beverage & Tobacco | 0.53 | 0.51 | 0.49 | 0.58 | 0.68 | |
| Quick Ratio, Industry | ||||||
| Consumer Staples | 0.38 | 0.37 | 0.38 | 0.43 | 0.47 | |
Based on: 10-K (reporting date: 2024-12-28), 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).
1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 19,599 ÷ 31,536 = 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. | PepsiCo Inc. quick ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Cash Ratio
PepsiCo Inc., cash ratio calculation, comparison to benchmarks
| Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 8,505) | 9,711) | 4,954) | 5,596) | 8,185) | |
| Short-term investments | 761) | 292) | 394) | 392) | 1,366) | |
| Total cash assets | 9,266) | 10,003) | 5,348) | 5,988) | 9,551) | |
| Current liabilities | 31,536) | 31,647) | 26,785) | 26,220) | 23,372) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.29 | 0.32 | 0.20 | 0.23 | 0.41 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Coca-Cola Co. | 0.58 | 0.58 | 0.59 | 0.63 | 0.75 | |
| Mondelēz International Inc. | 0.07 | 0.10 | 0.11 | 0.25 | 0.24 | |
| Philip Morris International Inc. | 0.18 | 0.12 | 0.12 | 0.23 | 0.37 | |
| Cash Ratio, Sector | ||||||
| Food, Beverage & Tobacco | 0.30 | 0.28 | 0.24 | 0.34 | 0.43 | |
| Cash Ratio, Industry | ||||||
| Consumer Staples | 0.23 | 0.22 | 0.23 | 0.30 | 0.33 | |
Based on: 10-K (reporting date: 2024-12-28), 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).
1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 9,266 ÷ 31,536 = 0.29
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 improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |