Coca-Cola HBC Balance Sheet Health
Financial Health criteria checks 4/6
Coca-Cola HBC has a total shareholder equity of €3.2B and total debt of €3.2B, which brings its debt-to-equity ratio to 100.9%. Its total assets and total liabilities are €9.9B and €6.7B respectively. Coca-Cola HBC's EBIT is €959.2M making its interest coverage ratio 31.3. It has cash and short-term investments of €1.8B.
Key information
100.9%
Debt to equity ratio
€3.21b
Debt
Interest coverage ratio | 31.3x |
Cash | €1.83b |
Equity | €3.19b |
Total liabilities | €6.69b |
Total assets | €9.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CCKC's short term assets (€3.9B) exceed its short term liabilities (€3.8B).
Long Term Liabilities: CCKC's short term assets (€3.9B) exceed its long term liabilities (€2.8B).
Debt to Equity History and Analysis
Debt Level: CCKC's net debt to equity ratio (43.4%) is considered high.
Reducing Debt: CCKC's debt to equity ratio has increased from 49.4% to 100.9% over the past 5 years.
Debt Coverage: CCKC's debt is well covered by operating cash flow (43.1%).
Interest Coverage: CCKC's interest payments on its debt are well covered by EBIT (31.3x coverage).