Coca-Cola Consolidated (Coca-Cola Consolidated) Cash-to-Debt

: 0.86 (As of Dec. 2023)

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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Coca-Cola Consolidated's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.86.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Coca-Cola Consolidated couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Coca-Cola Consolidated's Cash-to-Debt or its related term are showing as below:

COKE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.86
Current: 0.86

During the past 13 years, Coca-Cola Consolidated's highest Cash to Debt Ratio was 0.86. The lowest was 0.01. And the median was 0.04.

COKE's Cash-to-Debt is ranked better than
50% of 106 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.77 vs COKE: 0.86

Coca-Cola Consolidated Cash-to-Debt Historical Data

The historical data trend for Coca-Cola Consolidated's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Coca-Cola Consolidated Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.01

0.05

0.15

0.26

0.86

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
Cash-to-Debt																0.26	0.39	0.58	0.84	0.86

Competitive Comparison

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Consolidated's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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 Cash-to-Debt Distribution

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Consolidated's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Coca-Cola Consolidated's Cash-to-Debt falls into.

Coca-Cola Consolidated Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Coca-Cola Consolidated's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	635.269	/	(28.681	+	706.462)
	=	0.86

Coca-Cola Consolidated's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	635.269	/	(28.681	+	706.462)
	=	0.86

Coca-Cola Consolidated (NAS:COKE) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Coca-Cola Consolidated Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Coca-Cola Consolidated's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

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 » Cash-to-Debt

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