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Interest coverage at other companies

PepsiCo logo
PepsiCoPEP
10.5×-2.5×
Keurig Dr Pepper logo
Keurig Dr PepperKDP
6.4×+2.7×
Coca-Cola logo
Coca-ColaKO
8.8×+1.9×
Primo Brands logo
Primo BrandsPRMB
1.3×
Crown Holdings logo
Crown HoldingsCCK
3.9×+0.4×
Ball Corporation logo
Ball CorporationBALL
4.6×+1.1×

Other financials

Income statement

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Revenue$1.8B+16.9%
Gross profit$727.1M+15.9%
Operating income$237.5M+25.1%
Net income$111.6M+7.7%
EPS (diluted)$1.67+40.3%

Balance sheet

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Cash & equivalents$232.9M-79.8%
Total debt$2.8B+44.7%
Total equity-$643.5M-143%
Total assets$4.4B-18.7%

Cash flow

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Operating cash flow$205.3M+3.6%
CapEx$63.1M-35.5%
Free cash flow$142.2M+41.7%

Valuation

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Market cap$12.08B+8.4%
Enterprise value$14.6B+22.1%
P/E20.9×+1.4×
P/S1.6×0.0×

Profitability

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Gross margin39.7%-0.1pp
Operating margin13.3%+0.3pp
Net margin7.7%-0.6pp
FCF margin8.8%+1.7pp

Returns & leverage

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Return on equity41.9%+4.2pp
Debt / equity1.2×-0.3×
Current ratio1.2×-0.8×

Where this comes from

Calculated from Coca-Cola Consolidated, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Coca-Cola Consolidated, Inc.’s 10-Q, filed November 1, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Coca-Cola Consolidated, Inc.'s interest coverage?
Coca-Cola Consolidated, Inc. (COKE) reported interest coverage of 125× in Q3 2023.
How has Coca-Cola Consolidated, Inc.'s interest coverage changed year-over-year?
Coca-Cola Consolidated, Inc.'s interest coverage increased by 556.7% year-over-year, from 19× to 125×.
What is the long-term trend for Coca-Cola Consolidated, Inc.'s interest coverage?
Over 2 years (2020 to 2022), Coca-Cola Consolidated, Inc.'s interest coverage has grown at a 74.1% compound annual growth rate (CAGR), from 8.5× to 25.9×.
What does interest coverage mean?
How many times the company's operating profit covers its interest bill.
How do you interpret interest coverage?
Higher is safer; below ~2× is a warning that earnings provide little cushion against the debt burden. Debt-free companies have no interest expense and the ratio is left blank.
How does interest coverage compare across companies?
Comparable across leveraged non-financials; less relevant for net-cash companies with negligible interest.