Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
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- Statement of Comprehensive Income
- Common-Size Income Statement
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
- Analysis of Debt
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Coca-Cola Co., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-Q (reporting date: 2026-04-03), 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).
A long-term analysis of the common-size balance sheet reveals a strategic shift in the capital structure, characterized by a steady reduction in total liabilities and a corresponding increase in total equity over the analyzed period.
- Liability Structure and Leverage
- Total liabilities decreased from 75.18% in April 2021 to 65.71% by April 2026. This downward trend is primarily attributed to the contraction of noncurrent liabilities, which fell from 56.87% to 44.24%. Within this category, long-term debt excluding current maturities showed a general decline from 44.64% to 37.48%, despite a temporary increase peaking at 43.11% in June 2025.
- Current Liability Volatility
- Current liabilities exhibited significant fluctuation, starting at 18.32% and reaching a peak of 28.92% in June 2024. This peak was largely driven by accounts payable and accrued expenses, which surged from 12.14% in April 2021 to 22.42% in September 2024 before correcting to 13.83% by April 2026. Loans and notes payable also showed variability, peaking at 6.09% in March 2024 before dropping to 0.32% by April 2026.
- Equity Composition and Growth
- Total equity experienced a consistent upward trend, rising from 24.82% in April 2021 to 34.29% in April 2026. The primary driver of this growth was reinvested earnings, which climbed from 74.46% to 78.71%. This expansion in equity is partially offset by a substantial and persistent treasury stock balance, which remained between -52.10% and -57.68% throughout the period.
- Comprehensive Loss and Minor Components
- Accumulated other comprehensive loss remained a significant contra-equity item, fluctuating between a low of -13.47% and a high of -17.16%. Additionally, other noncurrent liabilities saw a marked reduction, dropping from 9.51% in early 2021 to approximately 4.25% by April 2026, indicating a reduction in miscellaneous long-term obligations.
The overall financial trajectory indicates a strengthening of the solvency position, as the company has successfully transitioned a larger portion of its total funding from debt-based liabilities to equity-based financing.