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 2
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%