Coca-Cola Consolidated Inc. (COKE)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 5,313,140 | 4,288,940 | 3,709,540 | 3,445,570 | 3,222,450 |
| Total stockholders’ equity | US$ in thousands | 1,417,610 | 1,435,600 | 1,115,390 | 711,786 | 512,990 |
| Financial leverage ratio | 3.75 | 2.99 | 3.33 | 4.84 | 6.28 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,313,140K ÷ $1,417,610K
= 3.75
The financial leverage ratio of Coca-Cola Consolidated Inc. has been decreasing steadily over the years. As of December 31, 2020, the ratio was 6.28, indicating a high level of financial leverage. However, by December 31, 2024, the ratio had decreased to 3.75, showing a significant reduction in the company's reliance on debt to finance its operations. This trend suggests that Coca-Cola Consolidated Inc. has been effectively managing its debt levels and improving its financial position, potentially reducing its financial risk and increasing its financial stability.
Peer comparison
Dec 31, 2024