Coca-Cola Co (NEOE:COLA) Debt-to-Equity

: 1.62 (As of Dec. 2023)

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Coca-Cola Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$8,743 Mil. Coca-Cola Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$47,690 Mil. Coca-Cola Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$34,802 Mil. Coca-Cola Co's debt to equity for the quarter that ended in Dec. 2023 was 1.62.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

NEOE:COLA' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.38 Med: 1.92 Max: 2.79
Current: 1.62

During the past 13 years, the highest Debt-to-Equity Ratio of Coca-Cola Co was 2.79. The lowest was 1.38. And the median was 1.92.

NEOE:COLA's Debt-to-Equity is ranked worse than
90.32% of 93 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.27 vs NEOE:COLA: 1.62

Coca-Cola Co Debt-to-Equity Historical Data

The historical data trend for Coca-Cola Co's Debt-to-Equity 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

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.25

2.22

1.86

1.62

Coca-Cola Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																1.62	1.68	1.60	1.53	1.62

Competitive Comparison

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

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

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

Coca-Cola Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(8743.207	+	47689.855)	/	34802.446
	=	1.62

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(8743.207	+	47689.855)	/	34802.446
	=	1.62

Coca-Cola Co (NEOE:COLA) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Coca-Cola Co Debt-to-Equity Related Terms

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Coca-Cola Co (NEOE:COLA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Co (NEOE:COLA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KO:USA KO:Peru KO:Mexico 1KO:Italy CCC3d:UK 0QZK:UK CCC3:Germany KO:Chile COCA34:Brazil KO:Austria KO:Argentina

Address

One Coca-Cola Plaza, Atlanta, GA, USA, 30313

Website

https://www.coca-colacompany.com

Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around two thirds of its total revenues overseas, with a significant portion from emerging economies in Latin America and Asia-Pacific.

Coca-Cola Co (NEOE:COLA) Headlines

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