Stock Analysis on Net

Coca-Cola Co. (NYSE:KO)

Analysis of Debt 

Microsoft Excel

Total Debt (Carrying Amount)

Coca-Cola Co., balance sheet: debt

US$ in millions

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Loans and notes payable 2,373 3,307 2,183 10,994 13,194
Current maturities of long-term debt 399 1,338 485 4,253 4,997
Long-term debt, excluding current maturities 36,377 38,116 40,125 27,516 25,364
Total debt (carrying amount) 39,149 42,761 42,793 42,763 43,555

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Debt item Description The company
Total debt (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Coca-Cola Co. total debt decreased from 2020 to 2021 and from 2021 to 2022.

Total Debt (Fair Value)

Microsoft Excel
Dec 31, 2022
Selected Financial Data (US$ in millions)
Loans and notes payable 2,373
Long-term debt, including current portion 32,698
Total debt (fair value) 35,071
Financial Ratio
Debt, fair value to carrying amount ratio 0.90

Based on: 10-K (reporting date: 2022-12-31).


Weighted-average Interest Rate on Debt

Weighted-average effective interest rate on debt: 2.40%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
4.20% 2,146 90
2.30% 36,776 846
Total 38,922 936
2.40%

Based on: 10-K (reporting date: 2022-12-31).

1 US$ in millions

2 Weighted-average interest rate = 100 × 936 ÷ 38,922 = 2.40%