Corporate — Interest Expense
Coca-Cola Corporate — Interest Expense remained flat by 0.0% to $381.75M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 73.1%, from $220.50M to $381.75M. Over 2 years (FY 2021 to FY 2023), Corporate — Interest Expense shows relatively stable performance with a -2.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase typically signals higher debt levels or rising interest rates, which may pressure net income, while a decrease suggests debt reduction or refinancing at more favorable rates.
Detailed definition
Represents the total interest costs incurred on corporate debt obligations, including bonds, commercial paper, and other...
Peer comparison
Standardized across all public companies as 'Interest Expense' in the non-operating section of the income statement.
ko_segment_corporate_interest_expenseHistorical Data
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $1.60B | $882.00M | $1.53B |
| YoY Change | — | -44.8% | +73.1% |
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Frequently Asked Questions
- What is Coca-Cola's corporate — interest expense?
- Coca-Cola (KO) reported corporate — interest expense of $381.75M in Q4 2023.
- How has Coca-Cola's corporate — interest expense changed year-over-year?
- Coca-Cola's corporate — interest expense increased by 73.1% year-over-year, from $220.50M to $381.75M.
- What is the long-term trend for Coca-Cola's corporate — interest expense?
- Over 2 years (2021 to 2023), Coca-Cola's corporate — interest expense has grown at a -2.2% compound annual growth rate (CAGR), from $1.60B to $1.53B.
- What does corporate — interest expense mean?
- The cost of borrowing money to fund corporate operations and capital structure.