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Date
Value
December 31, 2023
1.622
September 30, 2023
1.526
June 30, 2023
1.600
March 31, 2023
1.681
December 31, 2022
1.624
September 30, 2022
1.736
June 30, 2022
1.821
March 31, 2022
1.678
December 31, 2021
1.859
September 30, 2021
1.880
June 30, 2021
1.888
March 31, 2021
2.210
December 31, 2020
2.217
September 30, 2020
2.841
June 30, 2020
2.993
March 31, 2020
2.775
December 31, 2019
2.253
September 30, 2019
2.270
June 30, 2019
2.479
March 31, 2019
2.496
December 31, 2018
2.604
September 30, 2018
2.455
June 30, 2018
2.554
March 31, 2018
2.496
December 31, 2017
2.793
Date
Value
September 30, 2017
2.220
June 30, 2017
2.256
March 31, 2017
2.074
December 31, 2016
1.982
September 30, 2016
1.811
June 30, 2016
1.804
March 31, 2016
1.880
December 31, 2015
1.726
September 30, 2015
1.773
June 30, 2015
1.559
March 31, 2015
1.474
December 31, 2014
1.377
September 30, 2014
1.251
June 30, 2014
1.181
March 31, 2014
1.177
December 31, 2013
1.118
September 30, 2013
1.127
June 30, 2013
1.108
March 31, 2013
1.081
December 31, 2012
0.9945
September 30, 2012
0.9855
June 30, 2012
1.007
March 31, 2012
0.9481
December 31, 2011
0.9031
September 30, 2011
0.8789
Debt to Equity Ratio Definition
The debt to equity ratio measures the (Long Term Debt + Current Portion of Long Term Debt) / Total Shareholders' Equity. This metric is useful when analyzing the health of a company's balance sheet.
The ideal debt to equity ratio is 2:1. This means that at no given point of time should the debt be more than twice the equity because it becomes riskier to pay back and hence there is a fear of bankruptcy.
Coca-Cola Co has a current ratio of 1.04. It generally indicates good short-term financial strength. During the past 13 years, Coca-Cola Co's highest Current Ratio was 1.52. The lowest was 0.76.
Total debt on the balance sheet as of March 2024 : $42.55 B
According to Coca-Cola's latest financial reports the company's total debt is $42.55 B. A company's total debt is the sum of all current and non-current debts.
The optimal D/E ratio varies by industry, but it should not be above a level of 2.0. A D/E ratio of 2 indicates the company derives two-thirds of its capital financing from debt and one-third from shareholder equity.
With its 3-star rating, we believe co*ke's stock is fairly valued compared with our long-term fair value estimate of $60 per share, which implies a 22 times multiple against our adjusted 2024 earnings estimate and a 2024 enterprise value/adjusted EBITDA multiple of 20 times.
As of Mar. 2024, Coca-Cola Co's interest expense (positive number) was $1537 Mil. Its total Book Value of Debt (D) is $41762 Mil. Cost of Debt = 1537 / 41762 = 3.6804%.
The mean historical ROE of The Coca-Cola Company over the last ten years is 33.62%. The current 41.20% ROE has changed 22.54% with respect to the historical average. Over the past ten years (40 quarters), KO's ROE was at its highest in in the June 2020 quarter at 26.05%.
Coca-Cola's market cap is currently ―. The company's EPS TTM is $2.488; its P/E ratio is 25.55; and it has a dividend yield of 2.92%. Coca-Cola is scheduled to report earnings on July 23, 2024, and the estimated EPS forecast is $0.81.
In 2023, Coca-Cola's brand was valued at 106.1 billion U.S. dollars, an eight percent increase compared to 2022. After eight years, Coca-Cola returned to the top 10 most valuable global brands ranking.
Generally speaking, a debt-to-equity ratio of between 1 and 1.5 is considered 'good'. A higher ratio suggests that debt is being used to finance business growth. This is considered a riskier prospect.
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