Current Ratio
since 2005
Calculation
Coca-Cola Co., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 1.13 | = | 26,732) | ÷ | 23,571) |
| Dec 31, 2022 | 1.15 | = | 22,591) | ÷ | 19,724) |
| Dec 31, 2021 | 1.13 | = | 22,545) | ÷ | 19,950) |
| Dec 31, 2020 | 1.32 | = | 19,240) | ÷ | 14,601) |
| Dec 31, 2019 | 0.76 | = | 20,411) | ÷ | 26,973) |
| Dec 31, 2018 | 1.05 | = | 30,634) | ÷ | 29,223) |
| Dec 31, 2017 | 1.34 | = | 36,545) | ÷ | 27,194) |
| Dec 31, 2016 | 1.28 | = | 34,010) | ÷ | 26,532) |
| Dec 31, 2015 | 1.24 | = | 33,395) | ÷ | 26,930) |
| Dec 31, 2014 | 1.02 | = | 32,986) | ÷ | 32,374) |
| Dec 31, 2013 | 1.13 | = | 31,304) | ÷ | 27,811) |
| Dec 31, 2012 | 1.09 | = | 30,328) | ÷ | 27,821) |
| Dec 31, 2011 | 1.05 | = | 25,497) | ÷ | 24,283) |
| Dec 31, 2010 | 1.17 | = | 21,579) | ÷ | 18,508) |
| Dec 31, 2009 | 1.28 | = | 17,551) | ÷ | 13,721) |
| Dec 31, 2008 | 0.94 | = | 12,176) | ÷ | 12,988) |
| Dec 31, 2007 | 0.92 | = | 12,105) | ÷ | 13,225) |
| Dec 31, 2006 | 0.95 | = | 8,441) | ÷ | 8,890) |
| Dec 31, 2005 | 1.04 | = | 10,250) | ÷ | 9,836) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
Comparison to Competitors
Coca-Cola Co., current ratio, long-term trends, comparison to competitors
| Coca-Cola Co. | Altria Group Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|
| Dec 31, 2023 | 1.13 | 0.49 | 0.85 | 0.75 |
| Dec 31, 2022 | 1.15 | 0.84 | 0.80 | 0.72 |
| Dec 31, 2021 | 1.13 | 0.71 | 0.83 | 0.92 |
| Dec 31, 2020 | 1.32 | 0.79 | 0.98 | 1.10 |
| Dec 31, 2019 | 0.76 | 0.59 | 0.86 | 1.09 |
| Dec 31, 2018 | 1.05 | 0.20 | 0.99 | 1.13 |
| Dec 31, 2017 | 1.34 | 0.64 | 1.51 | 1.35 |
| Dec 31, 2016 | 1.28 | 0.98 | 1.28 | 1.07 |
| Dec 31, 2015 | 1.24 | 0.86 | 1.31 | 1.03 |
| Dec 31, 2014 | 1.02 | 0.90 | 1.14 | 1.02 |
| Dec 31, 2013 | 1.13 | 0.93 | 1.24 | 0.99 |
| Dec 31, 2012 | 1.09 | 0.76 | 1.10 | 0.97 |
| Dec 31, 2011 | 1.05 | 0.89 | 0.96 | 1.00 |
| Dec 31, 2010 | 1.17 | 0.86 | 1.11 | 1.07 |
| Dec 31, 2009 | 1.28 | 0.72 | 1.44 | 1.31 |
| Dec 31, 2008 | 0.94 | 1.55 | 1.23 | 1.47 |
| Dec 31, 2007 | 0.92 | 1.22 | 1.31 | — |
| Dec 31, 2006 | 0.95 | 1.03 | 1.33 | — |
| Dec 31, 2005 | 1.04 | 0.99 | 1.11 | — |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Food, Beverage & Tobacco)
Coca-Cola Co., current ratio, long-term trends, comparison to sector (food, beverage & tobacco)
| Coca-Cola Co. | Food, Beverage & Tobacco | |
|---|---|---|
| Dec 31, 2023 | 1.13 | 0.85 |
| Dec 31, 2022 | 1.15 | 0.86 |
| Dec 31, 2021 | 1.13 | 0.92 |
| Dec 31, 2020 | 1.32 | 1.06 |
| Dec 31, 2019 | 0.76 | 0.85 |
| Dec 31, 2018 | 1.05 | 0.85 |
| Dec 31, 2017 | 1.34 | 1.33 |
| Dec 31, 2016 | 1.28 | 1.20 |
| Dec 31, 2015 | 1.24 | 1.17 |
| Dec 31, 2014 | 1.02 | 1.04 |
| Dec 31, 2013 | 1.13 | 1.10 |
| Dec 31, 2012 | 1.09 | 1.03 |
| Dec 31, 2011 | 1.05 | 1.00 |
| Dec 31, 2010 | 1.17 | 1.09 |
| Dec 31, 2009 | 1.28 | 1.21 |
| Dec 31, 2008 | 0.94 | 1.25 |
| Dec 31, 2007 | 0.92 | 1.14 |
| Dec 31, 2006 | 0.95 | 1.06 |
| Dec 31, 2005 | 1.04 | 1.02 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Staples)
Coca-Cola Co., current ratio, long-term trends, comparison to industry (consumer staples)
| Coca-Cola Co. | Consumer Staples | |
|---|---|---|
| Dec 31, 2023 | 1.13 | 0.85 |
| Dec 31, 2022 | 1.15 | 0.89 |
| Dec 31, 2021 | 1.13 | 0.93 |
| Dec 31, 2020 | 1.32 | 0.93 |
| Dec 31, 2019 | 0.76 | 0.84 |
| Dec 31, 2018 | 1.05 | 0.84 |
| Dec 31, 2017 | 1.34 | 1.05 |
| Dec 31, 2016 | 1.28 | 1.08 |
| Dec 31, 2015 | 1.24 | 1.07 |
| Dec 31, 2014 | 1.02 | 0.98 |
| Dec 31, 2013 | 1.13 | 0.98 |
| Dec 31, 2012 | 1.09 | 0.98 |
| Dec 31, 2011 | 1.05 | 0.99 |
| Dec 31, 2010 | 1.17 | 1.01 |
| Dec 31, 2009 | 1.28 | 1.01 |
| Dec 31, 2008 | 0.94 | 1.00 |
| Dec 31, 2007 | 0.92 | 0.98 |
| Dec 31, 2006 | 0.95 | 1.06 |
| Dec 31, 2005 | 1.04 | 0.99 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).