Coca-Cola Consolidated Inc. (COKE)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 3.75 | 2.99 | 3.33 | 4.84 | 6.28 |
Coca-Cola Consolidated Inc. has consistently shown strong solvency ratios over the years based on the provided data. The Debt-to-assets ratio, which measures the proportion of the company's assets financed by debt, has remained at 0.00 for all years reported, indicating that the company operates with minimal debt in relation to its total assets.
Similarly, the Debt-to-capital ratio, which assesses the extent to which the company's capital structure is supported by debt, has consistently stayed at 0.00 across the years. This implies that the company relies very little on debt financing to fund its operations and investments.
The Debt-to-equity ratio, which compares the company's total debt to its shareholders' equity, has also remained at 0.00 for all years, highlighting the company's strong financial position and low reliance on debt to support its operations.
The Financial leverage ratio, which shows the extent to which the company uses debt to finance its assets, has shown a decreasing trend from 6.28 in 2020 to 2.99 in 2023, before slightly increasing to 3.75 in 2024. This indicates that the company has been reducing its financial leverage over time, which is generally seen as a positive sign of financial stability and risk management.
Overall, the solvency ratios of Coca-Cola Consolidated Inc. reflect a healthy financial position with a strong ability to meet its obligations and support its operations without excessive reliance on debt financing.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 464.56 | 786.12 | 24.20 | 8.63 | 7.56 |
The interest coverage ratio measures a company's ability to meet its interest payments on outstanding debt obligations. Looking at the data provided for Coca-Cola Consolidated Inc., we observe a favorable trend in the interest coverage ratio over the years.
At the end of 2020, the interest coverage ratio was 7.56, indicating that the company generated income 7.56 times greater than its interest expenses. Moving to the end of 2021, the interest coverage ratio improved to 8.63, suggesting a stronger capacity to cover interest costs.
By the end of 2022, the interest coverage ratio showed a significant increase to 24.20, signifying a substantial improvement in the company's ability to meet its interest obligations comfortably. The trend continued into 2023, with an interest coverage ratio of 786.12, reflecting a remarkable capacity to service debt.
Looking at the most recent data for December 31, 2024, the interest coverage ratio remained strong at 464.56, indicating a robust ability to cover interest payments multiple times over.
Overall, the trend of increasing interest coverage ratios over the years for Coca-Cola Consolidated Inc. suggests a healthy financial position and a decreasing risk of default on debt payments.