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, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Loans and notes payable 3,307  2,183  10,994  13,194  13,205 
Current maturities of long-term debt 1,338  485  4,253  4,997  3,298 
Long-term debt, excluding current maturities 38,116  40,125  27,516  25,364  31,182 
Total debt (carrying amount) 42,761  42,793  42,763  43,555  47,685 

Based on: 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), 10-K (reporting date: 2017-12-31).

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 increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.

Total Debt (Fair Value)

Microsoft Excel
Dec 31, 2021
Selected Financial Data (US$ in millions)
Loans and notes payable 3,307 
Long-term debt, including the current portion 40,311 
Total debt (fair value) 43,618 
Financial Ratio
Debt, fair value to carrying amount ratio 1.02

Based on: 10-K (reporting date: 2021-12-31).


Weighted-average Interest Rate on Debt

Weighted-average effective interest rate on debt: 1.61%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
0.10% 2,462 
1.70% 39,454  671 
Total 41,916  673 
1.61%

Based on: 10-K (reporting date: 2021-12-31).

1 US$ in millions

2 Weighted-average interest rate = 100 × 673 ÷ 41,916 = 1.61%