Coca-Cola Consolidated Inc. (COKE)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 5,313,140 | 5,272,720 | 5,656,070 | 4,297,090 | 4,288,940 | 4,141,280 | 3,994,540 | 3,799,700 | 3,709,540 | 3,597,280 | 3,581,670 | 3,425,930 | 3,445,570 | 3,419,940 | 3,282,300 | 3,284,830 | 3,222,450 | 3,312,890 | 3,184,580 | 3,195,740 |
| Total stockholders’ equity | US$ in thousands | 1,417,610 | 1,284,990 | 1,195,190 | 1,601,190 | 1,435,600 | 1,524,330 | 1,379,710 | 1,234,250 | 1,115,390 | 1,018,910 | 901,680 | 803,647 | 711,786 | 680,140 | 612,502 | 565,342 | 512,990 | 448,238 | 397,418 | 359,220 |
| Financial leverage ratio | 3.75 | 4.10 | 4.73 | 2.68 | 2.99 | 2.72 | 2.90 | 3.08 | 3.33 | 3.53 | 3.97 | 4.26 | 4.84 | 5.03 | 5.36 | 5.81 | 6.28 | 7.39 | 8.01 | 8.90 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,313,140K ÷ $1,417,610K
= 3.75
Coca-Cola Consolidated Inc.'s financial leverage ratio has been showing a declining trend over the past few years, indicating a strengthening financial position in terms of debt management. The ratio decreased from 8.90 as of March 31, 2020, to 3.75 as of December 31, 2024. This suggests that the company has been gradually reducing its reliance on debt to finance its operations and investments. Lower financial leverage ratios generally indicate lower financial risk and greater ability to weather economic uncertainties. However, it is important to assess the trend in conjunction with other financial metrics to gain a holistic understanding of the company's overall financial health and performance.
Peer comparison
Dec 31, 2024