Stock Analysis on Net
Stock Analysis on Net

Coca-Cola Co. (NYSE:KO)

Common-Size Balance Sheet: Assets 
Quarterly Data

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

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Dec 31, 2025 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
Cash and cash equivalents 9.80 12.01 9.19 8.28 10.77 13.12 13.55 10.51 9.59 12.18 12.76 12.32 10.26 10.95 9.63 8.17 10.26 12.47 10.19 9.43
Short-term investments 3.44 1.08 2.55 3.52 2.01 2.30 3.65 4.79 3.07 2.39 1.90 1.20 1.12 1.21 0.83 0.78 1.32 2.04 2.31 2.08
Cash, cash equivalents and short-term investments 13.23% 13.08% 11.74% 11.79% 12.78% 15.41% 17.19% 15.30% 12.65% 14.57% 14.66% 13.52% 11.39% 12.16% 10.47% 8.95% 11.58% 14.51% 12.49% 11.51%
Marketable securities 1.85 1.80 1.96 1.76 1.71 1.68 1.58 1.73 1.33 1.25 1.28 1.15 1.15 2.13 2.00 2.06 1.80 1.90 1.97 2.48
Trade accounts receivable, less allowances 2.90 3.72 3.99 4.02 3.55 3.98 4.49 4.27 3.49 3.58 4.03 4.72 3.76 4.32 4.82 4.93 3.72 4.29 4.47 4.18
Inventories 4.22 4.53 4.87 5.02 4.70 4.44 4.71 4.99 4.53 4.36 4.72 4.85 4.56 4.01 3.89 3.98 3.62 3.51 3.64 3.73
Prepaid expenses and other current assets 2.32 2.56 2.93 3.14 3.11 2.99 3.26 3.36 5.36 4.80 3.33 3.35 3.49 3.48 3.66 3.63 3.17 2.54 2.35 2.47
Assets held for sale 5.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Current assets 29.62% 25.69% 25.50% 25.74% 25.86% 28.50% 31.22% 29.64% 27.36% 28.56% 28.02% 27.60% 24.35% 26.10% 24.84% 23.55% 23.89% 26.75% 24.93% 24.37%
Equity method investments 19.31 19.16 18.57 18.06 17.99 17.87 18.72 19.61 20.13 19.73 19.56 19.24 19.69 19.17 19.02 19.35 18.65 20.18 20.48 21.07
Deferred income tax assets 1.15 1.19 1.27 1.29 1.31 1.34 1.39 1.47 1.60 1.61 1.69 1.74 1.88 1.85 1.97 2.13 2.26 2.47 2.54 2.59
Property, plant and equipment, less accumulated depreciation 9.17 10.28 10.34 10.26 10.25 9.28 9.40 9.36 9.45 9.08 9.86 10.11 10.61 10.00 10.16 10.40 10.51 11.10 11.69 11.86
Trademarks with indefinite lives 11.96 12.74 13.05 13.20 13.23 12.80 13.35 13.61 14.69 14.57 14.59 14.66 15.32 15.11 15.32 15.30 15.33 11.53 11.84 11.76
Goodwill 14.78 17.60 17.89 18.02 18.04 17.58 18.11 18.32 18.79 18.59 18.84 19.18 20.25 19.82 20.30 20.83 20.52 19.26 19.62 19.58
Other noncurrent assets 14.02 13.32 13.38 13.44 13.33 12.62 7.82 7.98 7.98 7.85 7.44 7.47 7.90 7.96 8.41 8.43 8.83 8.70 8.91 8.77
Noncurrent assets 70.38% 74.31% 74.50% 74.26% 74.14% 71.50% 68.78% 70.36% 72.64% 71.44% 71.98% 72.40% 75.65% 73.90% 75.16% 76.45% 76.11% 73.25% 75.07% 75.63%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2025-12-31), 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).

The composition of assets for the observed period reveals several noteworthy trends. A significant portion of the asset base consistently resides in noncurrent assets, averaging approximately 73.7% over the analyzed timeframe. Within the current asset category, cash, cash equivalents, and short-term investments demonstrate considerable fluctuation, peaking in mid-2024 at 17.19% of total assets before declining. Inventory and accounts receivable exhibit relatively stable percentages of total assets throughout the period, with a slight upward trend in inventory levels towards the end of the observation window.

Liquidity Position
The combined percentage of cash, cash equivalents, and short-term investments initially decreased from 11.51% to 8.95% between April 2021 and April 2022. This was followed by a period of increase, reaching 17.19% in June 2024, before decreasing again to 10.77% by December 2024. This suggests periods of increased liquidity followed by deployment of cash into other assets or operations. Current assets, as a percentage of total assets, generally remained between 23% and 31% over the period, indicating a consistent, though fluctuating, ability to cover short-term obligations.
Investment and Long-Term Asset Allocation
Equity method investments consistently represent a substantial portion of the asset base, ranging between approximately 17.89% and 21.07%. Deferred income tax assets remain relatively stable, fluctuating between 1.15% and 2.59%. Property, plant, and equipment, net of depreciation, maintains a consistent presence, generally between 9% and 11.86%. Trademarks with indefinite lives represent a significant and relatively stable portion of assets, ranging from 11.76% to 15.33%. Goodwill demonstrates a gradual decline from 19.58% in April 2021 to 14.78% in December 2025.
Other Asset Trends
Marketable securities show a slight decreasing trend over the period, with fluctuations. The category "Other noncurrent assets" experiences a notable increase towards the end of the period, rising from approximately 8% to 14.02% in December 2025. The appearance of "Assets held for sale" in December 2025, representing 5.10% of total assets, suggests a potential strategic shift or divestiture activity.

Overall, the asset composition demonstrates a balance between current and noncurrent assets, with a significant emphasis on long-term investments and intangible assets. The fluctuations in cash and short-term investments suggest active cash management, while the changes in "Other noncurrent assets" and the emergence of "Assets held for sale" warrant further investigation to understand their implications for the company’s long-term strategy.

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