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
The Coca-Cola Company's (NYSE:KO) Intrinsic Value Is Potentially 48% Above Its Share Price
Dec 10
Coca-Cola: Macro Factors Weigh Since Mid-Year, Keeping A Hold But Raising FV Target
Dec 04The Cola-Cola Company: Powering Past Pepsi Thanks To Gen Z
Nov 04Coca-Cola's (NYSE:KO) Soft Earnings Are Actually Better Than They Appear
Nov 01The Coca-Cola Company: Getting A Taste Test Before Earnings
Oct 20The Coca-Cola Company: Not So Tasty For Your Portfolio
Sep 27Coca-Cola (NYSE:KO) Eyes Growth with OREO Partnership Amid Market Challenges
Sep 16The Coca-Cola Company: The Fundamentals Do Not Support The Current Share Price
Aug 26Unpleasant Surprises Could Be In Store For The Coca-Cola Company's (NYSE:KO) Shares
Aug 11Coca-Cola: Waiting For A Better Entry Point (Rating Downgrade)
Jul 25Here's What To Make Of Coca-Cola's (NYSE:KO) Decelerating Rates Of Return
Jul 15The Dividend Dynamo: How Coca-Cola Delivers Both Growth And Your Next Paycheck
Jul 01Coca-Cola: 30%+ Upside If Dollar Gains Revert In 2024/2025
Jun 07Here's Why Coca-Cola (NYSE:KO) Has Caught The Eye Of Investors
Jun 03Coca-Cola: Buy This Dividend Grower On Sale Now
May 30The Coca-Cola Company (NYSE:KO) Shares Could Be 22% Below Their Intrinsic Value Estimate
May 22Earnings Beat: The Coca-Cola Company Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
May 04Coca-Cola Reports Tuesday Morning Before The Open - Earnings Preview
Apr 30It's Unlikely That The Coca-Cola Company's (NYSE:KO) CEO Will See A Huge Pay Rise This Year
Apr 26Coca-Cola: I Expect Market-Beating Returns
Apr 22Financial 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:12 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/27 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
The Coca-Cola Company is covered by 58 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Staszak | Argus Research Company |
| Fabrizio Spagna | Axia Financial Research |
| Ishan Majumdar | Baptista Research |