The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Coca-Cola Europacific Partners's quick ratio for the quarter that ended in Dec. 2023 was 0.72.
Coca-Cola Europacific Partners has a quick ratio of 0.72. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Coca-Cola Europacific Partners's Quick Ratio or its related term are showing as below:
CCEP'
s Quick Ratio Range Over the Past 10 Years
Min: 0.58 Med: 0.74 Max: 0.82
Current: 0.72
During the past 13 years, Coca-Cola Europacific Partners's highest Quick Ratio was 0.82. The lowest was 0.58. And the median was 0.74.
CCEP's Quick Ratio is ranked worse than 71.82% of 110
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 1.27
vs CCEP: 0.72
Coca-Cola Europacific Partners Quick Ratio Historical Data
The historical data trend for Coca-Cola Europacific Partners's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Beverages - Non-Alcoholic subindustry, Coca-Cola Europacific Partners's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Coca-Cola Europacific Partners Quick Ratio Distribution
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Europacific Partners's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Coca-Cola Europacific Partners's Quick Ratio falls into.
Coca-Cola Europacific Partners Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Coca-Cola Europacific Partners's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Coca-Cola Europacific Partners (NAS:CCEP) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Coca-Cola Europacific Partners Quick Ratio Related Terms
Thank you for viewing the detailed overview of Coca-Cola Europacific Partners's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Coca-Cola Europacific Partners (Coca-Cola Europacific Partners) Business Description
CCEP is the second-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa, and primarily operates in developed Europe (78% of 2022 revenue and 73% of EBIT) and Australasia (22% and 27%, respectively). In 2023 it announced the planned acquisition of Coca-Cola Beverages Philippines from TCCC.In 2022, CCEP sold 3.3 billion unit cases of beverages, which we estimate equates to roughly 9% of the global Coke system volume. Coke's largest bottler, Coca-Cola Femsasold 3.75 billion unit cases (11%), and the third-largest, Coca-Cola HBC, serving Eastern Europe and North Africa, sold 2.7 billion unit cases (8%).TCCC owns 19% of the equity of CCEP, Olive Partners, a holding company of bottling operations, owns a further 36%, and the remaining 45% is free float.
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