Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
Coca-Cola Co., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
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).
- Accounts payable and accrued expenses
- These liabilities displayed a fluctuating upward trend, starting from 13.44% and reaching a peak of 22.42%, then slightly decreasing towards the end of the period. Notable increases were observed around early 2024.
- Loans and notes payable
- A declining trend is evident initially, with the ratio dropping from 14.53% to 1.49% at one point, followed by intermittent increases and decreases, culminating in a decrease to 2.19%. The variability indicates shifting short-term borrowings relative to total financing.
- Current maturities of long-term debt
- The percentage mostly remained below 3%, noting a significant drop from initial values above 5% to under 1% in many periods, suggesting reduced short-term debt maturity obligations relative to overall liabilities and equity.
- Accrued income taxes
- These liabilities showed a generally stable pattern with small fluctuations around 1%, peaking around 1.7% during some periods and exhibiting a slight decline later.
- Current liabilities
- There is a noticeable reduction from 34.46% down to around 16.73%, followed by an increase to approximately 28.92%, and a gradual normalization towards 21%. This suggests variability in short-term obligations with a mid-period dip and a late increase.
- Long-term debt, excluding current maturities
- Long-term debt as a portion of total financing remained relatively steady with moderate fluctuations, peaking near 45.96% initially and gradually decreasing towards about 40.72%. This indicates a stable reliance on long-term debt financing.
- Other noncurrent liabilities
- This category stayed mostly consistent around 8-9%, with a notable decline to about 4% toward the later quarters, signaling a reduction in other long-term obligations.
- Deferred income tax liabilities
- Deferred tax liabilities showed a slight upward trend initially, reaching around 3.38%, but then gradually decreased to about 2.3%, indicating some reversal or lower future tax liabilities over time.
- Noncurrent liabilities
- Noncurrent liabilities increased from approximately 44.44% to nearly 59%, then slowly declined to around 47.41%, displaying a pattern of increased long-term obligations before a gradual reduction.
- Total liabilities
- A generally high but slightly decreasing pattern is observed, starting near 79% and tapering down to roughly 69%, reflecting a modest decrease in overall liabilities relative to total financing.
- Common stock, $0.25 par value
- The share of common stock in total financing remained relatively stable around 1.7%-2%, showing minimal change in this component of equity over the periods.
- Capital surplus
- Capital surplus experienced minor variations mostly within the 17.9%-20.3% range, indicating steady additional paid-in capital relative to total financing without significant shifts.
- Reinvested earnings
- This equity component consistently constituted a large portion, mostly between 68.8% and 76.7%, showing stable and substantial accumulated earnings reinvested in the business.
- Accumulated other comprehensive loss
- The loss fluctuated between approximately -14.1% and -17.4%, with no clear trend of improvement or deterioration, maintaining a moderately negative impact on equity.
- Treasury stock, at cost
- Treasury stock represented a significant and relatively stable negative equity component, ranging roughly from -52.1% to -59.6%, indicating ongoing buyback or stock retirement activities.
- Equity attributable to shareowners
- This equity measure showed an increasing trend, rising from about 19.3% to almost 29.5%, reflecting enhanced shareholder equity over the periods analyzed.
- Equity attributable to noncontrolling interests
- Minor fluctuations occurred within a narrow range around 1.5% to 2.3%, indicating stable minority interests in consolidated entities.
- Total equity
- Total equity increased from around 21.1% to 31.4%, representing a growing equity base in proportion to total liabilities and equity, consistent with the trend seen in equity attributable to shareowners.
- Overall composition
- The total liabilities and equity distribution remains constant at 100% each period by definition. The data reflects a gradual shift from liabilities toward equity financing, particularly strengthening shareholder equity, alongside fluctuation and eventual moderation in short-term liabilities.