Coca-Cola Balance Sheet Health
Financial Health criteria checks 4/6
Coca-Cola has a total shareholder equity of $27.5B and total debt of $43.2B, which brings its debt-to-equity ratio to 157.1%. Its total assets and total liabilities are $97.7B and $70.2B respectively. Coca-Cola's EBIT is $13.3B making its interest coverage ratio 32.3. It has cash and short-term investments of $13.7B.
Key information
157.1%
Debt to equity ratio
US$43.18b
Debt
Interest coverage ratio | 32.3x |
Cash | US$13.66b |
Equity | US$27.48b |
Total liabilities | US$70.22b |
Total assets | US$97.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KO's short term assets ($26.7B) exceed its short term liabilities ($23.6B).
Long Term Liabilities: KO's short term assets ($26.7B) do not cover its long term liabilities ($46.7B).
Debt to Equity History and Analysis
Debt Level: KO's net debt to equity ratio (107.4%) is considered high.
Reducing Debt: KO's debt to equity ratio has reduced from 232.2% to 157.1% over the past 5 years.
Debt Coverage: KO's debt is well covered by operating cash flow (26.9%).
Interest Coverage: KO's interest payments on its debt are well covered by EBIT (32.3x coverage).