Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Constellation Brands Inc., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-K (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-K (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-Q (reporting date: 2020-05-31), 10-K (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-K (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-Q (reporting date: 2018-05-31), 10-K (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-Q (reporting date: 2017-08-31), 10-Q (reporting date: 2017-05-31), 10-K (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-Q (reporting date: 2016-08-31), 10-Q (reporting date: 2016-05-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Constellation Brands Inc. current ratio improved from Q1 2023 to Q2 2023 but then deteriorated significantly from Q2 2023 to Q3 2023. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Constellation Brands Inc. quick ratio improved from Q1 2023 to Q2 2023 but then deteriorated significantly from Q2 2023 to Q3 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Constellation Brands Inc. cash ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Current Ratio
Constellation Brands Inc., current ratio calculation (quarterly data)
| Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
| Current assets | 3,525,900) | 3,530,200) | 3,302,200) | 3,329,700) | 3,376,600) | 2,943,700) | 3,313,100) | 3,044,500) | 3,447,100) | 3,537,200) | 3,396,200) | 3,484,100) | 3,469,900) | 3,537,500) | 3,580,900) | 3,684,000) | 3,638,500) | 3,585,500) | 3,604,800) | 3,474,000) | 3,545,600) | 3,373,400) | 3,360,500) | 3,230,000) | 3,444,800) | 3,169,800) | 3,218,500) | ||||||||
| Current liabilities | 2,725,000) | 2,511,900) | 2,365,800) | 2,698,800) | 2,248,600) | 2,187,100) | 2,062,800) | 1,269,100) | 2,041,400) | 1,909,900) | 1,752,400) | 2,311,800) | 2,460,200) | 2,195,900) | 2,939,300) | 3,163,800) | 3,363,400) | 2,162,500) | 1,990,500) | 1,944,700) | 2,535,900) | 2,090,000) | 2,182,400) | 2,697,600) | 2,636,600) | 2,199,600) | 2,698,700) | ||||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||||||
| Current ratio1 | 1.29 | 1.41 | 1.40 | 1.23 | 1.50 | 1.35 | 1.61 | 2.40 | 1.69 | 1.85 | 1.94 | 1.51 | 1.41 | 1.61 | 1.22 | 1.16 | 1.08 | 1.66 | 1.81 | 1.79 | 1.40 | 1.61 | 1.54 | 1.20 | 1.31 | 1.44 | 1.19 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | |||||||||||||||||||||||||||||||||||
| Coca-Cola Co. | 1.14 | 1.14 | 1.15 | 1.15 | 1.13 | 1.13 | 1.18 | 1.13 | 1.52 | 1.47 | 1.33 | 1.32 | 1.13 | 1.09 | 0.87 | 0.76 | 0.92 | 0.83 | 1.02 | — | — | — | — | — | — | — | — | ||||||||
| Mondelēz International Inc. | 0.61 | 0.65 | 0.68 | 0.60 | 0.69 | 0.68 | 0.68 | 0.74 | 0.73 | 0.61 | 0.61 | 0.66 | 0.74 | 0.55 | 0.53 | 0.50 | 0.50 | 0.44 | 0.48 | — | — | — | — | — | — | — | — | ||||||||
| PepsiCo Inc. | 0.88 | 0.84 | 0.87 | 0.80 | 0.92 | 0.83 | 0.87 | 0.83 | 0.95 | 0.91 | 0.93 | 0.98 | 0.93 | 0.97 | 1.10 | 0.86 | 0.95 | 0.86 | 0.94 | — | — | — | — | — | — | — | — | ||||||||
| Philip Morris International Inc. | 0.89 | 0.85 | 0.85 | 0.72 | 0.92 | 0.89 | 0.92 | 0.92 | 1.00 | 1.18 | 1.18 | 1.10 | 1.12 | 1.13 | 1.02 | 1.09 | 1.08 | 0.95 | 0.85 | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-K (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-K (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-Q (reporting date: 2020-05-31), 10-K (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-K (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-Q (reporting date: 2018-05-31), 10-K (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-Q (reporting date: 2017-08-31), 10-Q (reporting date: 2017-05-31), 10-K (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-Q (reporting date: 2016-08-31), 10-Q (reporting date: 2016-05-31).
1 Q3 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 3,525,900 ÷ 2,725,000 = 1.29
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. | Constellation Brands Inc. current ratio improved from Q1 2023 to Q2 2023 but then deteriorated significantly from Q2 2023 to Q3 2023. |
Quick Ratio
Constellation Brands Inc., quick ratio calculation (quarterly data)
| Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | |||||||||
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| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
| Cash and cash equivalents | 185,000) | 165,100) | 101,800) | 199,400) | 361,300) | 103,400) | 503,800) | 460,600) | 152,900) | 204,600) | 302,800) | 81,400) | 93,700) | 81,300) | 98,700) | 93,600) | 130,600) | 206,100) | 210,000) | 90,300) | 154,500) | 125,600) | 199,100) | 177,400) | 197,300) | 177,300) | 167,300) | ||||||||
| Accounts receivable | 921,000) | 978,900) | 879,900) | 899,000) | 917,800) | 972,800) | 922,800) | 785,300) | 915,400) | 926,300) | 700,500) | 864,800) | 808,300) | 953,700) | 788,300) | 846,900) | 837,200) | 951,200) | 827,900) | 776,200) | 779,500) | 853,300) | 832,000) | 737,000) | 856,000) | 831,100) | 773,300) | ||||||||
| Total quick assets | 1,106,000) | 1,144,000) | 981,700) | 1,098,400) | 1,279,100) | 1,076,200) | 1,426,600) | 1,245,900) | 1,068,300) | 1,130,900) | 1,003,300) | 946,200) | 902,000) | 1,035,000) | 887,000) | 940,500) | 967,800) | 1,157,300) | 1,037,900) | 866,500) | 934,000) | 978,900) | 1,031,100) | 914,400) | 1,053,300) | 1,008,400) | 940,600) | ||||||||
| Current liabilities | 2,725,000) | 2,511,900) | 2,365,800) | 2,698,800) | 2,248,600) | 2,187,100) | 2,062,800) | 1,269,100) | 2,041,400) | 1,909,900) | 1,752,400) | 2,311,800) | 2,460,200) | 2,195,900) | 2,939,300) | 3,163,800) | 3,363,400) | 2,162,500) | 1,990,500) | 1,944,700) | 2,535,900) | 2,090,000) | 2,182,400) | 2,697,600) | 2,636,600) | 2,199,600) | 2,698,700) | ||||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||||||
| Quick ratio1 | 0.41 | 0.46 | 0.41 | 0.41 | 0.57 | 0.49 | 0.69 | 0.98 | 0.52 | 0.59 | 0.57 | 0.41 | 0.37 | 0.47 | 0.30 | 0.30 | 0.29 | 0.54 | 0.52 | 0.45 | 0.37 | 0.47 | 0.47 | 0.34 | 0.40 | 0.46 | 0.35 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | |||||||||||||||||||||||||||||||||||
| Coca-Cola Co. | 0.78 | 0.82 | 0.81 | 0.77 | 0.80 | 0.78 | 0.80 | 0.81 | 1.17 | 1.12 | 0.99 | 0.96 | 0.93 | 0.88 | 0.68 | 0.56 | 0.69 | 0.62 | 0.57 | — | — | — | — | — | — | — | — | ||||||||
| Mondelēz International Inc. | 0.27 | 0.25 | 0.29 | 0.30 | 0.35 | 0.32 | 0.35 | 0.42 | 0.43 | 0.30 | 0.32 | 0.39 | 0.41 | 0.25 | 0.27 | 0.23 | 0.24 | 0.19 | 0.24 | — | — | — | — | — | — | — | — | ||||||||
| PepsiCo Inc. | 0.68 | 0.60 | 0.61 | 0.58 | 0.68 | 0.59 | 0.63 | 0.56 | 0.65 | 0.66 | 0.68 | 0.77 | 0.73 | 0.75 | 0.89 | 0.66 | 0.73 | 0.61 | 0.69 | — | — | — | — | — | — | — | — | ||||||||
| Philip Morris International Inc. | 0.36 | 0.37 | 0.31 | 0.29 | 0.48 | 0.47 | 0.44 | 0.44 | 0.49 | 0.59 | 0.53 | 0.56 | 0.55 | 0.52 | 0.43 | 0.56 | 0.57 | 0.45 | 0.36 | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-K (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-K (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-Q (reporting date: 2020-05-31), 10-K (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-K (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-Q (reporting date: 2018-05-31), 10-K (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-Q (reporting date: 2017-08-31), 10-Q (reporting date: 2017-05-31), 10-K (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-Q (reporting date: 2016-08-31), 10-Q (reporting date: 2016-05-31).
1 Q3 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 1,106,000 ÷ 2,725,000 = 0.41
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. | Constellation Brands Inc. quick ratio improved from Q1 2023 to Q2 2023 but then deteriorated significantly from Q2 2023 to Q3 2023. |
Cash Ratio
Constellation Brands Inc., cash ratio calculation (quarterly data)
| Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
| Cash and cash equivalents | 185,000) | 165,100) | 101,800) | 199,400) | 361,300) | 103,400) | 503,800) | 460,600) | 152,900) | 204,600) | 302,800) | 81,400) | 93,700) | 81,300) | 98,700) | 93,600) | 130,600) | 206,100) | 210,000) | 90,300) | 154,500) | 125,600) | 199,100) | 177,400) | 197,300) | 177,300) | 167,300) | ||||||||
| Total cash assets | 185,000) | 165,100) | 101,800) | 199,400) | 361,300) | 103,400) | 503,800) | 460,600) | 152,900) | 204,600) | 302,800) | 81,400) | 93,700) | 81,300) | 98,700) | 93,600) | 130,600) | 206,100) | 210,000) | 90,300) | 154,500) | 125,600) | 199,100) | 177,400) | 197,300) | 177,300) | 167,300) | ||||||||
| Current liabilities | 2,725,000) | 2,511,900) | 2,365,800) | 2,698,800) | 2,248,600) | 2,187,100) | 2,062,800) | 1,269,100) | 2,041,400) | 1,909,900) | 1,752,400) | 2,311,800) | 2,460,200) | 2,195,900) | 2,939,300) | 3,163,800) | 3,363,400) | 2,162,500) | 1,990,500) | 1,944,700) | 2,535,900) | 2,090,000) | 2,182,400) | 2,697,600) | 2,636,600) | 2,199,600) | 2,698,700) | ||||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||||||
| Cash ratio1 | 0.07 | 0.07 | 0.04 | 0.07 | 0.16 | 0.05 | 0.24 | 0.36 | 0.07 | 0.11 | 0.17 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.04 | 0.10 | 0.11 | 0.05 | 0.06 | 0.06 | 0.09 | 0.07 | 0.07 | 0.08 | 0.06 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | |||||||||||||||||||||||||||||||||||
| Coca-Cola Co. | 0.63 | 0.65 | 0.61 | 0.59 | 0.62 | 0.57 | 0.55 | 0.63 | 0.93 | 0.85 | 0.76 | 0.75 | 0.79 | 0.74 | 0.55 | 0.41 | 0.52 | 0.45 | 0.43 | — | — | — | — | — | — | — | — | ||||||||
| Mondelēz International Inc. | 0.09 | 0.08 | 0.10 | 0.11 | 0.15 | 0.14 | 0.14 | 0.25 | 0.24 | 0.14 | 0.14 | 0.24 | 0.22 | 0.11 | 0.11 | 0.08 | 0.09 | 0.07 | 0.09 | — | — | — | — | — | — | — | — | ||||||||
| PepsiCo Inc. | 0.31 | 0.22 | 0.20 | 0.20 | 0.26 | 0.21 | 0.27 | 0.23 | 0.27 | 0.24 | 0.29 | 0.41 | 0.37 | 0.38 | 0.51 | 0.28 | 0.29 | 0.19 | 0.29 | — | — | — | — | — | — | — | — | ||||||||
| Philip Morris International Inc. | 0.14 | 0.15 | 0.11 | 0.12 | 0.26 | 0.25 | 0.23 | 0.23 | 0.25 | 0.31 | 0.26 | 0.37 | 0.31 | 0.27 | 0.23 | 0.36 | 0.36 | 0.22 | 0.17 | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-K (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-K (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-Q (reporting date: 2020-05-31), 10-K (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-K (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-Q (reporting date: 2018-05-31), 10-K (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-Q (reporting date: 2017-08-31), 10-Q (reporting date: 2017-05-31), 10-K (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-Q (reporting date: 2016-08-31), 10-Q (reporting date: 2016-05-31).
1 Q3 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 185,000 ÷ 2,725,000 = 0.07
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. | Constellation Brands Inc. cash ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |