Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Coca-Cola Consolidated's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,436 Mil. Coca-Cola Consolidated's Total Assets for the quarter that ended in Dec. 2023 was $4,289 Mil.
Therefore, Coca-Cola Consolidated's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.34.
The historical rank and industry rank for Coca-Cola Consolidated's Equity-to-Asset or its related term are showing as below:
COKE'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.11 Med: 0.13 Max: 0.34
Current: 0.34
During the past 13 years, the highest Equity to Asset Ratio of Coca-Cola Consolidated was 0.34. The lowest was 0.11. And the median was 0.13.
COKE's Equity-to-Asset is ranked worse than 77.27% of 110
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.565
vs COKE: 0.34
Coca-Cola Consolidated Equity-to-Asset Historical Data
The historical data trend for Coca-Cola Consolidated's Equity-to-Asset 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.
Competitive Comparison of Coca-Cola Consolidated's Equity-to-Asset
For the Beverages - Non-Alcoholic subindustry, Coca-Cola Consolidated's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Consolidated's Equity-to-Asset Distribution in the Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Consolidated's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Coca-Cola Consolidated's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Coca-Cola Consolidated's Equity to Asset 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.
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Coca-Cola Consolidated Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Coca-Cola Consolidated's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Coca-Cola Consolidated (Coca-Cola Consolidated) Business Description
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.
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