Coca-Cola Balance Sheet Health
Financial Health criteria checks 3/6
Coca-Cola has a total shareholder equity of $28.2B and total debt of $47.1B, which brings its debt-to-equity ratio to 167.4%. Its total assets and total liabilities are $106.3B and $78.1B respectively. Coca-Cola's EBIT is $13.8B making its interest coverage ratio 34.1. It has cash and short-term investments of $18.2B.
Key information
167.4%
Debt to equity ratio
US$47.12b
Debt
| Interest coverage ratio | 34.1x |
| Cash | US$18.16b |
| Equity | US$28.15b |
| Total liabilities | US$78.11b |
| Total assets | US$106.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KO's short term assets ($30.3B) exceed its short term liabilities ($28.6B).
Long Term Liabilities: KO's short term assets ($30.3B) do not cover its long term liabilities ($49.5B).
Debt to Equity History and Analysis
Debt Level: KO's net debt to equity ratio (102.8%) is considered high.
Reducing Debt: KO's debt to equity ratio has reduced from 205.4% to 167.4% over the past 5 years.
Debt Coverage: KO's debt is not well covered by operating cash flow (11.7%).
Interest Coverage: KO's interest payments on its debt are well covered by EBIT (34.1x coverage).