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Coca-Cola KO Debt-to-equity

Debt-to-equity at other companies

PepsiCo logo
PepsiCoPEP
2.5×-0.2×
Keurig Dr Pepper logo
Keurig Dr PepperKDP
+0.4×
Monster Beverage logo
Monster BeverageMNST
0.0×
Constellation Brands logo
Constellation BrandsSTZ
1.3×-0.2×
General Mills logo
General MillsGIS
1.3×-0.1×
Mondelez International logo
Mondelez InternationalMDLZ
0.1×0.0×

Other financials

Income statement

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Revenue$12.5B+12.1%
Gross profit$7.9B+12.7%
Operating income$4.4B+19.1%
Net income$3.9B+17.8%
EPS (diluted)$0.91+18.2%

Balance sheet

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Cash & equivalents$11.0B+24.7%
Total debt$43.6B-10.6%
Total equity$33.6B+28.4%
Total assets$104.22B+2.5%

Cash flow

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Operating cash flow$2.0B+139%
CapEx$266.0M-13.9%
Free cash flow$1.8B+132%

Valuation

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Market cap$343.9B+6.2%
Enterprise value$376.46B+3.4%
P/E25.1×-4.9×
P/S+0.1×

Profitability

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Gross margin61.7%+0.7pp
Operating margin29.3%+4.8pp
Net margin27.8%+4.8pp

Returns & leverage

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Return on equity45.8%+4.8pp
Current ratio1.4×+0.3×

Where this comes from

Calculated from Coca-Cola’s reported figures.

Based on the most recent quarter.

The official record: Coca-Cola’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Coca-Cola's debt-to-equity?
Coca-Cola (KO) reported debt-to-equity of 1.3× in Q1 2026.
How has Coca-Cola's debt-to-equity changed year-over-year?
Coca-Cola's debt-to-equity decreased by 30.4% year-over-year, from 1.9× to 1.3×.
What is the long-term trend for Coca-Cola's debt-to-equity?
Over 4 years (2021 to 2025), Coca-Cola's debt-to-equity has grown at a -3.5% compound annual growth rate (CAGR), from 7.6× to 6.6×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.