Coca-Cola Consolidated Inc. (COKE)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
Coca-Cola Consolidated Inc. has displayed a consistent and strong solvency position over the period analyzed, as indicated by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios of 0.00 for each period. This suggests that the company has minimal debt relative to its total assets, capital, and equity, indicating a low level of financial risk and a strong ability to meet its financial obligations using its own resources.
Additionally, the financial leverage ratio, which measures the company's reliance on debt financing, has shown a declining trend from 8.90 on March 31, 2020, to 3.75 on December 31, 2024. This downward trend indicates that Coca-Cola Consolidated has been reducing its financial leverage over time, which is generally viewed positively as it signifies a lower level of financial risk and greater financial stability.
Overall, based on the solvency ratios analyzed, Coca-Cola Consolidated Inc. appears to be in a healthy financial position with low debt levels and decreasing reliance on debt financing, which bodes well for its long-term financial health and stability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 131.61 | 95.58 | 101.21 | 101.38 | 98.12 | 84.43 | 55.48 | 35.12 | 25.33 | 17.12 | 14.41 | 13.10 | 11.56 | 13.29 | 11.92 | 10.53 | 8.65 | 5.97 | 4.45 | 3.85 |
The interest coverage ratio of Coca-Cola Consolidated Inc. has shown a consistent upward trend from March 31, 2020, where it stood at 3.85, to December 31, 2024, where it peaked at 131.61. This indicates that the company's ability to cover its interest expenses with its operating income has significantly improved over the years. The ratio exceeding 1 indicates that the company is generating enough operating income to cover its interest obligations, with a higher ratio suggesting a stronger ability to meet these obligations. The significant increase in the interest coverage ratio over the period reflects an improved financial position and reduced financial risk for Coca-Cola Consolidated Inc.