Stock Analysis on Net

Coca-Cola Co. (NYSE:KO)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Coca-Cola Co., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Sep 26, 2025 Jun 27, 2025 Mar 28, 2025 Dec 31, 2024 Sep 27, 2024 Jun 28, 2024 Mar 29, 2024 Dec 31, 2023 Sep 29, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jul 1, 2022 Apr 1, 2022 Dec 31, 2021 Oct 1, 2021 Jul 2, 2021 Apr 2, 2021 Dec 31, 2020 Sep 25, 2020 Jun 26, 2020 Mar 27, 2020
Cash and cash equivalents
Short-term investments
Cash, cash equivalents and short-term investments
Marketable securities
Trade accounts receivable, less allowances
Inventories
Prepaid expenses and other current assets
Current assets
Equity method investments
Other investments
Deferred income tax assets
Property, plant and equipment, less accumulated depreciation
Trademarks with indefinite lives
Goodwill
Other intangible assets
Intangible assets
Other noncurrent assets
Noncurrent assets
Total assets

Based on: 10-Q (reporting date: 2025-09-26), 10-Q (reporting date: 2025-06-27), 10-Q (reporting date: 2025-03-28), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-27), 10-Q (reporting date: 2024-06-28), 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-25), 10-Q (reporting date: 2020-06-26), 10-Q (reporting date: 2020-03-27).


Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets shows fluctuations over the reported periods. Initially, it declines from 14.42% to 7.78% by the end of 2020, followed by a recovery and moderate increases reaching a peak of 13.55% in mid-2024. Towards the end of the horizon, the ratio decreases again, ending near 12.01%. This indicates variable liquidity management or shifts in cash holdings over time.
Short-term Investments
Short-term investments as a percentage of total assets exhibit significant volatility. There was a sharp increase early in 2020, peaking at 7.97%, then a steep drop to around 1-3% in subsequent quarters. A gradual increase around 2023-2024 is observed, but the ratio declines again towards mid-2025. The variation suggests changing allocations to liquid marketable instruments.
Cash, Cash Equivalents, and Short-term Investments Combined
The aggregate of cash, cash equivalents, and short-term investments fluctuates markedly. It falls sharply from 19.27% in late 2020 to about 9% in early 2022, followed by an upward trend reaching about 17.19% in mid-2024 before declining again. This composite metric underscores the overall liquidity position experiencing cyclical shifts.
Marketable Securities
Marketable securities remain relatively stable around 1.5-2.5% with slight decreases and recoveries but no strong trend throughout the periods. This stability implies a consistent approach to maintaining marketable securities.
Trade Accounts Receivable
The ratio of trade accounts receivable to total assets mostly trends sideways within a narrow band around 3.5-4.7%, without sharp changes, indicating relatively stable credit sales and collection patterns.
Inventories
Inventory levels as a percentage of total assets show a modest upward trend from about 3.36% in late 2020 to a peak near 5.02% in mid-2025. The gradual increase suggests a buildup of inventory holdings relative to assets over the timeframe.
Prepaid Expenses and Other Current Assets
This category increases steadily from around 2.19% in late 2020 to a high near 5.36% in late 2023, then declines gradually towards 2.5% by mid-2025, indicating variability in prepaid and other current asset management.
Current Assets Total
The total current assets as a percentage of total assets dropped markedly from over 31% in early 2020 to around 22% by the end of 2020, then rose progressively to exceed 30% midway through the period before decreasing again below 26%. This indicates fluctuations in short-term asset composition and liquidity.
Equity Method Investments
Equity method investments as a portion of total assets remain relatively stable but declining gradually from above 22% in late 2020 to below 18% by the end of the timeline. This trend indicates a reduction in investments accounted for under the equity method.
Other Investments
Other investments show a decreasing trend with diminishing proportions from near 0.9% to as low as 0.04%, eventually disappearing from the dataset in final periods, possibly indicating divestment or reclassification.
Deferred Income Tax Assets
Deferred tax assets consistently decline from about 2.82% at the end of 2020 to near 1.2% by mid-2025, reflecting lower expected future tax benefits or changes in tax position.
Property, Plant, and Equipment (Net)
The net PP&E component remains relatively consistent, fluctuating modestly between 9% and 12.5%, showing no pronounced long-term directional change in fixed asset intensity relative to total assets.
Trademarks with Indefinite Lives
Trademarks maintain a significant and fairly stable portion of the asset base, roughly between 10.6% and 15.3%, with a slight downward trend post-2021, reflecting amortization or impairment effects.
Goodwill
Goodwill stays consistently high, close to 18-20% of total assets with small fluctuations. It suggests a stable level of recorded goodwill without material impairment or significant new acquisitions.
Other Intangible Assets
Other intangible assets show a gentle downward trend from about 0.75% in early 2020 to below 0.5%, suggesting amortization or disposals over time.
Total Intangible Assets
The aggregate intangible assets ratio shows an increase early, peaking at over 36% around 2021-2022, then a gradual decline to about 30% by the end of the horizon, implying shifts in intangible asset valuation or composition.
Other Noncurrent Assets
Other noncurrent assets largely remain steady around 6.2-7.3%, but a notable jump occurs after mid-2024 rising to above 13%, pointing to an increase in other long-term asset holdings in the later periods.
Noncurrent Assets Total
Noncurrent assets as a percentage of total assets increase sharply from approximately 69.9% in early 2020 to over 77% by the end of 2020, then stabilize around 70-75% through the final periods, reflecting the company's asset structure weighted towards long-term assets.