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Microsoft Excel LibreOffice Calc

Coca-Cola Co. (KO)


Long-term Debt and Solvency Analysis

Difficulty: Beginner

Solvency ratios also known as long-term debt ratios measure a company’s ability to meet long-term obligations.


Ratios (Summary)

Coca-Cola Co., debt and solvency ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Debt Ratios
Debt to equity hidden hidden hidden hidden hidden
Debt to capital hidden hidden hidden hidden hidden
Debt to assets hidden hidden hidden hidden hidden
Financial leverage hidden hidden hidden hidden hidden
Coverage Ratios
Interest coverage hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-24), 10-K (filing date: 2016-02-25), 10-K (filing date: 2015-02-25).

Ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Coca-Cola Co.’s debt to equity ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Coca-Cola Co.’s debt to capital ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Coca-Cola Co.’s debt to assets ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Coca-Cola Co.’s financial leverage ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.

Ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Coca-Cola Co.’s interest coverage ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.

Debt to Equity

Coca-Cola Co., debt to equity calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (USD $ in millions)
Loans and notes payable hidden hidden hidden hidden hidden
Current maturities of long-term debt hidden hidden hidden hidden hidden
Long-term debt, excluding current maturities hidden hidden hidden hidden hidden
Total debt hidden hidden hidden hidden hidden
 
Equity attributable to shareowners of The Coca-Cola Company hidden hidden hidden hidden hidden
Ratio
Debt to equity1 hidden hidden hidden hidden hidden
Benchmarks
Debt to Equity, Competitors2
PepsiCo Inc. hidden hidden hidden hidden hidden
Debt to Equity, Sector
Beverages hidden hidden hidden hidden hidden
Debt to Equity, Industry
Consumer Goods hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-24), 10-K (filing date: 2016-02-25), 10-K (filing date: 2015-02-25).

1 2018 Calculation
Debt to equity = Total debt ÷ Equity attributable to shareowners of The Coca-Cola Company
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Coca-Cola Co.’s debt to equity ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.

Debt to Capital

Coca-Cola Co., debt to capital calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (USD $ in millions)
Loans and notes payable hidden hidden hidden hidden hidden
Current maturities of long-term debt hidden hidden hidden hidden hidden
Long-term debt, excluding current maturities hidden hidden hidden hidden hidden
Total debt hidden hidden hidden hidden hidden
Equity attributable to shareowners of The Coca-Cola Company hidden hidden hidden hidden hidden
Total capital hidden hidden hidden hidden hidden
Ratio
Debt to capital1 hidden hidden hidden hidden hidden
Benchmarks
Debt to Capital, Competitors2
PepsiCo Inc. hidden hidden hidden hidden hidden
Debt to Capital, Sector
Beverages hidden hidden hidden hidden hidden
Debt to Capital, Industry
Consumer Goods hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-24), 10-K (filing date: 2016-02-25), 10-K (filing date: 2015-02-25).

1 2018 Calculation
Debt to capital = Total debt ÷ Total capital
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Coca-Cola Co.’s debt to capital ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.

Debt to Assets

Coca-Cola Co., debt to assets calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (USD $ in millions)
Loans and notes payable hidden hidden hidden hidden hidden
Current maturities of long-term debt hidden hidden hidden hidden hidden
Long-term debt, excluding current maturities hidden hidden hidden hidden hidden
Total debt hidden hidden hidden hidden hidden
 
Total assets hidden hidden hidden hidden hidden
Ratio
Debt to assets1 hidden hidden hidden hidden hidden
Benchmarks
Debt to Assets, Competitors2
PepsiCo Inc. hidden hidden hidden hidden hidden
Debt to Assets, Sector
Beverages hidden hidden hidden hidden hidden
Debt to Assets, Industry
Consumer Goods hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-24), 10-K (filing date: 2016-02-25), 10-K (filing date: 2015-02-25).

1 2018 Calculation
Debt to assets = Total debt ÷ Total assets
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Coca-Cola Co.’s debt to assets ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.

Financial Leverage

Coca-Cola Co., financial leverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (USD $ in millions)
Total assets hidden hidden hidden hidden hidden
Equity attributable to shareowners of The Coca-Cola Company hidden hidden hidden hidden hidden
Ratio
Financial leverage1 hidden hidden hidden hidden hidden
Benchmarks
Financial Leverage, Competitors2
PepsiCo Inc. hidden hidden hidden hidden hidden
Financial Leverage, Sector
Beverages hidden hidden hidden hidden hidden
Financial Leverage, Industry
Consumer Goods hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-24), 10-K (filing date: 2016-02-25), 10-K (filing date: 2015-02-25).

1 2018 Calculation
Financial leverage = Total assets ÷ Equity attributable to shareowners of The Coca-Cola Company
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Coca-Cola Co.’s financial leverage ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.

Interest Coverage

Coca-Cola Co., interest coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (USD $ in millions)
Net income attributable to shareowners of The Coca-Cola Company hidden hidden hidden hidden hidden
Add: Net income attributable to noncontrolling interest hidden hidden hidden hidden hidden
Less: Income (loss) from discontinued operations, net of income taxes hidden hidden hidden hidden hidden
Add: Income tax expense hidden hidden hidden hidden hidden
Add: Interest expense hidden hidden hidden hidden hidden
Earnings before interest and tax (EBIT) hidden hidden hidden hidden hidden
Ratio
Interest coverage1 hidden hidden hidden hidden hidden
Benchmarks
Interest Coverage, Competitors2
PepsiCo Inc. hidden hidden hidden hidden hidden
Interest Coverage, Sector
Beverages hidden hidden hidden hidden hidden
Interest Coverage, Industry
Consumer Goods hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-24), 10-K (filing date: 2016-02-25), 10-K (filing date: 2015-02-25).

1 2018 Calculation
Interest coverage = EBIT ÷ Interest expense
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Coca-Cola Co.’s interest coverage ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.