Stock Analysis on Net

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
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: 2026-04-03), 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 exhibits a long-term trend of equity expansion and a stabilization of total liabilities. Total liabilities and equity grew from 89,993 million USD in April 2021 to 104,217 million USD by April 2026, reflecting a steady increase in the overall balance sheet size. This growth was primarily driven by a substantial increase in total equity, which rose from 22,332 million USD to 35,734 million USD over the analyzed period.

Current Liabilities and Short-Term Obligations
Current liabilities demonstrated significant volatility, peaking at 29,263 million USD in June 2024 before contracting to 22,378 million USD by April 2026. This fluctuation was largely influenced by accounts payable and accrued expenses, which saw a sharp increase reaching 23,820 million USD in September 2024. Short-term borrowing through loans and notes payable showed a cyclical pattern, ending with a sharp decline to 332 million USD in April 2026, while current maturities of long-term debt spiked to 4,493 million USD in the final quarter, suggesting a concentration of debt repayments in early 2026.
Non-Current Liabilities and Long-Term Debt
Long-term debt, excluding current maturities, remained the most significant liability component, generally fluctuating between 34,000 million USD and 45,000 million USD. A peak was observed in June 2023 at 44,976 million USD, followed by a reduction to 39,065 million USD by April 2026. Other non-current liabilities experienced a notable structural decline starting in March 2023, dropping from approximately 8,000 million USD to levels between 4,000 million USD and 5,000 million USD, which contributed to the overall reduction in non-current liabilities toward the end of the period.
Stockholders' Equity and Reinvested Earnings
A consistent upward trajectory is observed in reinvested earnings, which grew from 67,009 million USD in April 2021 to 82,026 million USD by April 2026. This organic growth in equity was partially offset by an increasing treasury stock balance, which moved from -51,911 million USD to -56,747 million USD, indicating a sustained program of share repurchases. Despite these buybacks, the equity attributable to shareowners increased from 20,355 million USD to 33,633 million USD, strengthening the solvency profile of the organization.
Comprehensive Loss and Noncontrolling Interests
Accumulated other comprehensive loss remained a significant negative factor throughout the period, fluctuating between -13,299 million USD and -16,843 million USD, reflecting volatility in foreign currency translations or derivative valuations. Equity attributable to noncontrolling interests remained relatively stable, generally oscillating between 1,500 million USD and 2,100 million USD.

The overall financial trajectory indicates a strategic shift toward a more equity-heavy capital structure. The simultaneous increase in reinvested earnings and the reduction of total liabilities from their 2024 peak suggest a strengthening of the balance sheet and a reduction in overall financial leverage by the first quarter of 2026.