Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Coca-Cola Co. (NYSE:KO)

Analysis of Debt

Advanced level

Total Debt (Carrying Amount)

Coca-Cola Co., balance sheet: debt

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Loans and notes payable 2,183  10,994  13,194  13,205  12,498 
Current maturities of long-term debt 485  4,253  4,997  3,298  3,527 
Long-term debt, excluding current maturities 40,125  27,516  25,364  31,182  29,684 
Total debt (carrying amount) 42,793  42,763  43,555  47,685  45,709 

Based on: 10-K (filing date: 2021-02-25), 10-K (filing date: 2020-02-24), 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-24).

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.’s total debt decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.

Total Debt (Fair Value)

Microsoft Excel LibreOffice Calc
Dec 31, 2020
Selected Financial Data (US$ in millions)
Loans and notes payable 2,183 
Long-term debt, including the current portion 43,218 
Total debt (fair value) 45,401 
Financial Ratio
Debt, fair value to carrying amount ratio 1.06

Based on: 10-K (filing date: 2021-02-25).


Weighted-average Interest Rate on Debt

Weighted-average effective interest rate on debt: 1.59%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
1.60% 40,610  650 
1.30% 1,329  17 
Total 41,939  667 
1.59%

Based on: 10-K (filing date: 2021-02-25).

1 US$ in millions

2 Weighted-average interest rate = 100 × 667 ÷ 41,939 = 1.59%