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 Co's cash to debt ratio for the quarter that ended in Jun. 2022 was 0.28.
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 Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2022.
The historical rank and industry rank for Coca-Cola Co's Cash-to-Debt or its related term are showing as below:
KO'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: 0.49 Max: 2.13
Current: 0.28
During the past 13 years, Coca-Cola Co's highest Cash to Debt Ratio was 2.13. The lowest was 0.25. And the median was 0.49.
KO's Cash-to-Debt is ranked worse than 69.9% of 103
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.79
vs KO: 0.28
Coca-Cola Co Cash-to-Debt Historical Data
The historical data trend for Coca-Cola Co'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.
* Premium members only.
Coca-Cola Co Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Cash-to-Debt
0.43
0.36
0.26
0.26
0.30
Coca-Cola Co Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Cash-to-Debt
0.31
0.36
0.30
0.25
0.28
Competitive Comparison
For the Beverages - Non-Alcoholic subindustry, Coca-Cola Co'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 Co Cash-to-Debt Distribution
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Co's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Coca-Cola Co's Cash-to-Debt falls into.
* 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 Co (NYSE:KO) 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 Co Cash-to-Debt Related Terms
Thank you for viewing the detailed overview of Coca-Cola Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
Coca-Cola is the largest nonalcoholic beverage entity in the world, owning and marketing some of the leading carbonated beverage brands, such as Coke, Fanta, and Sprite, as well as nonsparkling brands, such as Minute Maid, Georgia Coffee, Costa, and Glaceau. Operationally, the firm focuses its manufacturing efforts early in the supply chain, making the concentrate (or beverage bases) for its drinks that are then processed and distributed by its network of more than 100 bottlers. Concentrate operations represent roughly 85% of the company's unit case volume. The firm generates most of its revenue internationally, with countries like Mexico, Brazil, and Japan being key markets outside of the U.S.
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