Coca-Cola Balance Sheet Health
Financial Health criteria checks 4/6
Coca-Cola has a total shareholder equity of $27.9B and total debt of $42.6B, which brings its debt-to-equity ratio to 152.3%. Its total assets and total liabilities are $99.4B and $71.4B respectively. Coca-Cola's EBIT is $13.5B making its interest coverage ratio 39.4. It has cash and short-term investments of $16.9B.
Key information
152.3%
Debt to equity ratio
US$42.55b
Debt
Interest coverage ratio | 39.4x |
Cash | US$16.92b |
Equity | US$27.95b |
Total liabilities | US$71.45b |
Total assets | US$99.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KO's short term assets ($29.5B) exceed its short term liabilities ($28.4B).
Long Term Liabilities: KO's short term assets ($29.5B) do not cover its long term liabilities ($43.1B).
Debt to Equity History and Analysis
Debt Level: KO's net debt to equity ratio (91.7%) is considered high.
Reducing Debt: KO's debt to equity ratio has reduced from 223.7% to 152.3% over the past 5 years.
Debt Coverage: KO's debt is well covered by operating cash flow (28.1%).
Interest Coverage: KO's interest payments on its debt are well covered by EBIT (39.4x coverage).