Coca-Cola Consolidated Inc. (COKE)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 5,313,140 | 4,288,940 | 3,709,540 | 3,445,570 | 3,222,450 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,313,140K
= 0.00
The debt-to-assets ratio of Coca-Cola Consolidated Inc. has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely funded by equity rather than debt, implying a lower financial risk and potential stability in the company's financial standing. However, it's important to note that a very low or zero debt-to-assets ratio may also suggest limited leverage and potential missed opportunities for leveraging debt to enhance returns on investments.
Peer comparison
Dec 31, 2024