Coca-Cola Europacific Partners (Coca-Cola Europacific Partners) Debt-to-Equity : 1.43 (As of Dec. 2023)

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What is Coca-Cola Europacific Partners Debt-to-Equity?

Coca-Cola Europacific Partners's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,418 Mil. Coca-Cola Europacific Partners's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $11,010 Mil. Coca-Cola Europacific Partners's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $8,698 Mil. Coca-Cola Europacific Partners's debt to equity for the quarter that ended in Dec. 2023 was 1.43.

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 Europacific Partners's Debt-to-Equity or its related term are showing as below:

CCEP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.86 Med: 1.31 Max: 4.06
Current: 1.43

During the past 13 years, the highest Debt-to-Equity Ratio of Coca-Cola Europacific Partners was 4.06. The lowest was 0.86. And the median was 1.31.

CCEP's Debt-to-Equity is ranked worse than
87.23% of 94 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.285 vs CCEP: 1.43

Coca-Cola Europacific Partners Debt-to-Equity Historical Data

The historical data trend for Coca-Cola Europacific Partners'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 Europacific Partners Debt-to-Equity Chart

Coca-Cola Europacific Partners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.04

1.19

1.87

1.60

1.43

Coca-Cola Europacific Partners Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.87	1.67	1.60	1.52	1.43

Competitive Comparison of Coca-Cola Europacific Partners's Debt-to-Equity

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Europacific Partners'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 Europacific Partners's Debt-to-Equity Distribution in the Beverages - Non-Alcoholic Industry

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

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

Coca-Cola Europacific Partners Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Coca-Cola Europacific Partners'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
	=	(1417.666	+	11009.815)	/	8697.928
	=	1.43

Coca-Cola Europacific Partners'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
	=	(1417.666	+	11009.815)	/	8697.928
	=	1.43

Coca-Cola Europacific Partners (NAS:CCEP) 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 Europacific Partners Debt-to-Equity Related Terms

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Coca-Cola Europacific Partners (Coca-Cola Europacific Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Europacific Partners PLC (NAS:CCEP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CCEP:Netherlands CCEPa:UK CCEP:UK CCEP:Spain CK0:Germany CK0:Germany

Address

Bakers Road, Pemberton House, Uxbridge, GBR, UB8 1EZ

Website

https://www.cocacolaep.com

CCEP is the second-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa, and primarily operates in developed Europe (78% of 2022 revenue and 73% of EBIT) and Australasia (22% and 27%, respectively). In 2023 it announced the planned acquisition of Coca-Cola Beverages Philippines from TCCC.In 2022, CCEP sold 3.3 billion unit cases of beverages, which we estimate equates to roughly 9% of the global Coke system volume. Coke's largest bottler, Coca-Cola Femsasold 3.75 billion unit cases (11%), and the third-largest, Coca-Cola HBC, serving Eastern Europe and North Africa, sold 2.7 billion unit cases (8%).TCCC owns 19% of the equity of CCEP, Olive Partners, a holding company of bottling operations, owns a further 36%, and the remaining 45% is free float.