Coca-Cola Consolidated (Coca-Cola Consolidated) Interest Expense : $-3 Mil (TTM As of Dec. 2023)

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What is Coca-Cola Consolidated Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Coca-Cola Consolidated's interest expense for the three months ended in Dec. 2023 was $ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-3 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Coca-Cola Consolidated's Operating Income for the three months ended in Dec. 2023 was $ 183 Mil. Coca-Cola Consolidated's Interest Expense for the three months ended in Dec. 2023 was $ 0 Mil. GuruFocus does not calculate Coca-Cola Consolidated's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Coca-Cola Consolidated Interest Expense Historical Data

The historical data trend for Coca-Cola Consolidated's Interest Expense 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.

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Coca-Cola Consolidated Interest Expense Chart

Coca-Cola Consolidated Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-45.99

-36.74

-33.45

-24.79

Coca-Cola Consolidated Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-3.86	-2.93	-1.35	1.52	-

Coca-Cola Consolidated Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3 Mil.

Coca-Cola Consolidated (NAS:COKE) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Coca-Cola Consolidated's Interest Expense for the three months ended in Dec. 2023 was $0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $183 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $706 Mil.

Coca-Cola Consolidated's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

GuruFocus does not calculate Coca-Cola Consolidated's interest coverage with the available data.

The higher the ratio, the stronger the company's financial strength is.

Coca-Cola Consolidated (Coca-Cola Consolidated) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Consolidated Inc (NAS:COKE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CC5:Germany CC5:Germany

Address

4100 Coca-Cola Plaza, Charlotte, NC, USA, 28211

Website

https://www.cokeconsolidated.com

Coca-Cola Consolidated Inc sells nonalcoholic beverage products in the United States. The company purchases concentrate and syrups from other beverage manufacturers under a license, then produces, packages, markets, and distributes the beverages to retailers. The company's primary licensor is Coca-Cola Co., which generally allows it to exclusively market, produce, and distribute Coca-Cola products in specified parts of the U.S.: North Carolina, South Carolina, West Virginia, and parts of Alabama, Georgia, Tennessee, Virginia, Indiana, and Kentucky. The company manages its business in two operating segments. Nonalcoholic Beverages segment which represents the majority of the company's revenues and All Other segments.

Executives

Coventry Elaine Moyese Bowers	director	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Nathaniel Brent Tollison	officer: See Remarks	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Christine Ann Motherwell	officer: SVP, Human Resources	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Matthew Joseph Blickley	officer: SVP, Financial Planning & CAO	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Donell W Etheridge	officer: See Remarks	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Jeffrey L Turney	officer: See Remarks	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Murrey John W Iii	director	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Fredrick Scott Anthony	officer: SVP, Treasurer	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Richard Tyrone Williams	director	HOMETRUST BANCSHARES, INC., 10 WOODFIN STREET, ASHEVILLE NC 28801
Jennifer K Mann	director	THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
James L Matte	officer: SVP, Human Resources	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Fisher E Beauregarde Iii	officer: EVP, General Counsel	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Wells Sue Anne H.	director	1219 CARTER LAKE ROAD, CHATTANOOGA TN 37405
Deal Clifford M Iii	officer: SVP and CFO	4100 COCA COLA PLAZA, CHARLOTTE NC 28211
Helvey James Relerford Iii	director	100 PIKE WAY, MOUNT AIRY NC 27030