Coca-Cola Consolidated (FRA:CC5) Debt-to-Equity : 1.48 (As of Sep. 2024)

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What is Coca-Cola Consolidated Debt-to-Equity?

Coca-Cola Consolidated's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €22 Mil. Coca-Cola Consolidated's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €1,689 Mil. Coca-Cola Consolidated's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €1,158 Mil. Coca-Cola Consolidated's debt to equity for the quarter that ended in Sep. 2024 was 1.48.

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

FRA:CC5' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 2.81 Max: 4.04
Current: 1.48

During the past 13 years, the highest Debt-to-Equity Ratio of Coca-Cola Consolidated was 4.04. The lowest was 0.46. And the median was 2.81.

FRA:CC5's Debt-to-Equity is ranked worse than
90.82% of 98 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.255 vs FRA:CC5: 1.48

Coca-Cola Consolidated Debt-to-Equity Historical Data

The historical data trend for Coca-Cola Consolidated'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.

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Coca-Cola Consolidated Debt-to-Equity Chart

Coca-Cola Consolidated Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.37

2.25

1.32

0.68

0.51

Coca-Cola Consolidated Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.48	0.51	0.46	1.60	1.48

Competitive Comparison of Coca-Cola Consolidated's Debt-to-Equity

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

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

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

Coca-Cola Consolidated Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Coca-Cola Consolidated'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
	=	(26.3	+	647.826)	/	1316.443
	=	0.51

Coca-Cola Consolidated's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(22.487	+	1689.088)	/	1157.773
	=	1.48

Coca-Cola Consolidated (FRA:CC5) 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 Consolidated Debt-to-Equity Related Terms

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Coca-Cola Consolidated Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Consolidated Inc (FRA:CC5) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

COKE:USA 0I0T:UK

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.

Coca-Cola Consolidated Headlines

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