Stock Analysis on Net
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Coca-Cola Co. (NYSE:KO)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Coca-Cola Co., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
Jul 3, 2026 Apr 3, 2026 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
Accounts payable and accrued expenses
Loans and notes payable
Current maturities of long-term debt
Accrued income taxes
Liabilities held for sale
Current liabilities
Long-term debt, excluding current maturities
Other noncurrent liabilities
Deferred income tax liabilities
Noncurrent liabilities
Total liabilities
Common stock, $0.25 par value
Capital surplus
Reinvested earnings
Accumulated other comprehensive loss
Treasury stock, at cost
Equity attributable to shareowners of The Coca-Cola Company
Equity attributable to noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2026-07-03), 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).

The financial structure of the company reflects a strategic shift toward a stronger equity position and a reorganization of debt obligations over the observed period. While total liabilities remained relatively stable in the long term, total equity experienced substantial growth, indicating an improvement in the company's solvency and overall capital structure.

Current Liability Trends
Current liabilities exhibited a general upward trajectory, rising from 16,486 million USD in April 2021 to 25,200 million USD by July 2026. This increase was primarily driven by accounts payable and accrued expenses, which peaked in mid-2024 before moderating. A notable shift occurred in 2026, characterized by a sharp decrease in loans and notes payable—falling to 48 million USD—concurrent with a significant surge in current maturities of long-term debt, which reached 6,494 million USD by July 2026. This pattern suggests a transition of long-term obligations into current liabilities as they approach maturity.
Noncurrent Liability and Long-Term Debt Analysis
Noncurrent liabilities showed a gradual decline from 51,175 million USD in April 2021 to 44,407 million USD by July 2026. Long-term debt, excluding current maturities, remained relatively stable between 34,000 and 40,000 million USD for much of the period, experienced a peak exceeding 44,000 million USD in early 2025, and subsequently declined to 37,001 million USD. Other noncurrent liabilities saw a marked reduction starting in 2023, dropping from levels around 8,000 million USD to approximately 4,600 million USD.
Equity Growth and Shareholder Value
Total equity demonstrated consistent and robust growth, increasing from 22,332 million USD in April 2021 to 38,315 million USD by July 2026. This expansion was primarily fueled by a steady rise in reinvested earnings, which grew from 67,009 million USD to 84,169 million USD. This growth occurred despite a continuous increase in treasury stock at cost, which rose from -51,911 million USD to -56,894 million USD, indicating a sustained program of share repurchases.
Capital Structure and Solvency Insights
The ratio of total liabilities to total equity improved significantly over the analyzed timeframe. In early 2021, total liabilities were approximately 3.0 times the total equity; by July 2026, this ratio decreased to approximately 1.8 times. This trend indicates a reduction in financial leverage and a decreased reliance on debt to fund assets, thereby strengthening the company's long-term financial stability.