Regardless of the sequential decrease in Current Liabilities, during the fourth quarter 2023, Quick Ratio deteriorated to 0.39 below Ambev S A 's average Quick Ratio.

Within Nonalcoholic Beverages industry 11 other companies have achieved higher Quick Ratio than Ambev S A in fourth quarter 2023. While Quick Ratio total ranking in the fourth quarter 2023 has deteriorated compared to the prior quarter from 2214 to 2731.

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ABEV Quick Ratio	(Dec 31 2023) Q4	0 Q3	0 Q2	0 Q1	(Dec 31 2022) Q4
Y / Y Current Liabilities Change	1.15 %	1.15 %	1.15 %	1.15 %	4.31 %
Y / Y Cash & cash equivalent Change	7.59 %	7.59 %	7.59 %	7.59 %	-10.23 %
Quick Ratio MRQ	0.39	0.39	0.39	0.39	0.37
ABEV's Total Ranking	# 2731	# 2214	# 2225	# 2225	# 2797
Seq. Current Liabilities Change	0 %	0 %	0 %	1.15 %	0 %
Seq. Cash & cash equivalent Change	0 %	0 %	0 %	7.59 %	0 %

New: More ABEV's historic Quick Ratios >>

Quick Ratio fourth quarter 2023 Company Ranking
Within:	No.
Nonalcoholic Beverages Industry	# 12
Consumer Non Cyclical Sector	# 82
Overall Market	# 2731

Quick Ratio Statistics
High	Average	Low
0.51	0.44	0.37
(Dec 31 2020)		(Dec 31 2022)

Financial Statements
Ambev S A 's Current Liabilities	$ 7,791 Millions	Visit ABEV's Balance sheet
Ambev S A 's Cash & cash equivalent	$ 3,051 Millions	Visit ABEV's Balance sheet
Source of ABEV's Sales		Visit ABEV's Sales by Geography

Cumulative Ambev S A 's Quick Ratio

ABEV's Quick Ratio for the trailling 12 Months

ABEV Quick Ratio	(Dec 31 2023) 12 Months	0 12 Months	0 12 Months	0 12 Months	(Dec 31 2022) 12 Months
Y / Y Current Liabilities TTM Growth	1.15 %	1.91 %	2.69 %	3.49 %	4.31 %
Y / Y Cash & cash equivalent TTM Growth	7.59 %	2.76 %	-1.8 %	-6.13 %	-10.23 %
Quick Ratio TTM	0.39	0.39	0.38	0.37	0.37
Total Ranking TTM	# 4017	# 3331	# 3362	# 3361	# 2997
Seq. Current Liabilities TTM Growth	0.28 %	0.28 %	0.29 %	0.29 %	1.04 %
Seq. Cash & cash equivalent TTM Growth	1.79 %	1.83 %	1.86 %	1.9 %	-2.77 %

Quick ratio ranking by company, industry and sector >> Back to ABEV Financial Strength Comparisons >> Go to Compare ABEV Quick Ratio to its Competitors

On the trailing twelve months basis In Spite of the unchanged in Current Liabilities in the Q4 2023 to $7,790.97 millions, cumulative Quick Ratio remained unchanged at 0.39 below the Ambev S A average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Nonalcoholic Beverages industry 26 other companies have achieved higher Quick Ratio than Ambev S A . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 3331 to 4017.

Explain Quick Ratio?
How much Cash & cash equivalents ABEV´s has?
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TTM Quick Ratio Company Ranking
Within:	No.
Within the Nonalcoholic Beverages Industry	# 27
Consumer Non Cyclical Sector	# 187
Within the Market	# 4017

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.51	0.45	0.37
(Dec 31 2020)		(Dec 31 2022)

Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Nonalcoholic Beverages Industry	Quick Ratio	Dec 31 2023 MRQ Cash & cash equivalent	Dec 31 2023 MRQ Current Liabilities
Mexican Economic Development Inc	1.02	$ 10,997.000 Millions	$ 10,792.000 Millions
Equator Beverage Company	0.65	$ 0.053 Millions	$ 0.081 Millions
Coca cola Consolidated Inc	0.58	$ 635.269 Millions	$ 1,091.334 Millions
Coca Cola Femsa Sab De Cv	0.57	$ 1,521.940 Millions	$ 2,690.884 Millions
Andina Bottling Co Inc	0.50	$ 503.962 Millions	$ 1,006.091 Millions
Ambev S a	0.39	$ 3,051.210 Millions	$ 7,790.969 Millions
Srx Health Solutions Inc	0.33	$ 4.455 Millions	$ 13.692 Millions
The Duckhorn Portfolio Inc	0.19	$ 13.139 Millions	$ 68.591 Millions
Coca Cola Co	0.18	$ 4,297.000 Millions	$ 23,571.000 Millions
Westrock Coffee Company	0.16	$ 37.196 Millions	$ 239.635 Millions
Brc Inc	0.15	$ 12.448 Millions	$ 84.109 Millions
Coca cola Europacific Partners Plc	0.15	$ 1,654.240 Millions	$ 11,307.520 Millions
Mdwerks Inc	0.11	$ 0.115 Millions	$ 1.067 Millions
Beeline Holdings Inc	0.10	$ 0.403 Millions	$ 4.205 Millions

Date modified: 2024-03-12T09:24:19+00:00

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