Coca Cola annual debt-to-equity ratio
2008
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2024
2025
Coca Cola Debt-to-Equity Ratio Growth & History (KO)
Coca Cola's debt-to-equity ratio was 1.47 for fiscal 2025.
View full Coca Cola company overviewCoca Cola annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.47 | −0.36 | −19.70% |
| 2024 | 2024-12-31 | 1.83 | 0.16 | +9.93% |
| 2023 | 2023-12-31 | 1.66 | −0.02 | −1.41% |
| 2022 | 2022-12-31 | 1.68 | −0.24 | −12.42% |
| 2021 | 2021-12-31 | 1.92 | −0.38 | −16.43% |
| 2020 | 2020-12-31 | 2.30 | −0.02 | −1.07% |
| 2019 | 2019-12-31 | 2.33 | −0.23 | −9.07% |
| 2018 | 2018-12-31 | 2.56 | −0.22 | −7.88% |
| 2017 | 2017-12-31 | 2.78 | 0.80 | +40.63% |
| 2016 | 2016-12-31 | 1.97 | 0.25 | +14.63% |
| 2015 | 2015-12-31 | 1.72 | 0.35 | +25.48% |
| 2014 | 2014-12-31 | 1.37 | 0.26 | +22.98% |
| 2013 | 2013-12-31 | 1.12 | 0.12 | +12.57% |
| 2012 | 2012-12-31 | 0.99 | 0.11 | +12.72% |
| 2011 | 2011-12-31 | 0.88 | 0.14 | +19.36% |
| 2010 | 2010-12-31 | 0.74 | 0.28 | +59.89% |
| 2009 | 2009-12-31 | 0.46 | 0.30 | +190.74% |
| 2008 | 2008-12-31 | 0.16 | — | — |
Coca Cola quarterly debt-to-equity ratio
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Q2.09
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Q2.11
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Q2.16
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Q1.17
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Q4.22
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Q3.23
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Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.20 | −0.51 | −29.89% |
| Q1 2026 | 2026-04-03 | 1.30 | −0.56 | −29.97% |
| Q4 2025 | 2025-12-31 | 1.47 | −0.36 | −19.70% |
| Q3 2025 | 2025-09-26 | 1.51 | −0.22 | −12.89% |
| Q2 2025 | 2025-06-27 | 1.72 | 0.03 | +2.04% |
| Q1 2025 | 2025-03-28 | 1.86 | 0.26 | +16.44% |
| Q4 2024 | 2024-12-31 | 1.83 | 0.16 | +9.93% |
| Q3 2024 | 2024-09-27 | 1.73 | 0.21 | +13.99% |
| Q2 2024 | 2024-06-28 | 1.68 | 0.09 | +5.68% |
| Q1 2024 | 2024-03-29 | 1.60 | −0.08 | −4.61% |
| Q4 2023 | 2023-12-31 | 1.66 | −0.02 | −1.41% |
| Q3 2023 | 2023-09-29 | 1.52 | −0.07 | −4.36% |
| Q2 2023 | 2023-06-30 | 1.59 | −0.04 | −2.38% |
| Q1 2023 | 2023-03-31 | 1.67 | 0.14 | +9.22% |
| Q4 2022 | 2022-12-31 | 1.68 | −0.24 | −12.42% |
| Q3 2022 | 2022-09-30 | 1.59 | −0.21 | −11.66% |
| Q2 2022 | 2022-07-01 | 1.63 | −0.17 | −9.55% |
| Q1 2022 | 2022-04-01 | 1.53 | −0.58 | −27.51% |
| Q4 2021 | 2021-12-31 | 1.92 | −0.38 | −16.43% |
| Q3 2021 | 2021-10-01 | 1.80 | −0.73 | −28.90% |
| Q2 2021 | 2021-07-02 | 1.80 | −0.65 | −26.49% |
| Q1 2021 | 2021-04-02 | 2.11 | 0.09 | +4.54% |
| Q4 2020 | 2020-12-31 | 2.30 | −0.02 | −1.07% |
| Q3 2020 | 2020-09-25 | 2.53 | 0.77 | +43.99% |
| Q2 2020 | 2020-06-26 | 2.45 | 0.62 | +33.60% |
| Q1 2020 | 2020-03-27 | 2.02 | 0.11 | +5.64% |
| Q4 2019 | 2019-12-31 | 2.33 | −0.23 | −9.07% |
| Q3 2019 | 2019-09-27 | 1.75 | 0.01 | +0.57% |
| Q2 2019 | 2019-06-28 | 1.84 | 0.09 | +4.90% |
| Q1 2019 | 2019-03-29 | 1.92 | 0.17 | +9.93% |
| Q4 2018 | 2018-12-31 | 2.56 | −0.22 | −7.88% |
| Q3 2018 | 2018-09-28 | 1.74 | 0.13 | +8.09% |
| Q2 2018 | 2018-06-29 | 1.75 | 0.15 | +9.19% |
| Q1 2018 | 2018-03-30 | 1.74 | 0.27 | +18.17% |
| Q4 2017 | 2017-12-31 | 2.78 | 0.80 | +40.63% |
| Q3 2017 | 2017-09-29 | 1.61 | 0.27 | +19.79% |
| Q2 2017 | 2017-06-30 | 1.60 | 0.32 | +25.10% |
| Q1 2017 | 2017-03-31 | 1.47 | 0.19 | +14.97% |
| Q4 2016 | 2016-12-31 | 1.97 | 0.25 | +14.63% |
| Q3 2016 | 2016-09-30 | 1.35 | 0.25 | +22.55% |
| Q2 2016 | 2016-07-01 | 1.28 | 0.30 | +30.07% |
| Q1 2016 | 2016-04-01 | 1.28 | 0.31 | +31.46% |
| Q4 2015 | 2015-12-31 | 1.72 | 0.35 | +25.48% |
| Q3 2015 | 2015-10-02 | 1.10 | 0.42 | +62.38% |
| Q2 2015 | 2015-07-03 | 0.99 | 0.39 | +66.55% |
| Q1 2015 | 2015-04-03 | 0.98 | 0.36 | +57.74% |
| Q4 2014 | 2014-12-31 | 1.37 | 0.26 | +22.98% |
| Q3 2014 | 2014-09-26 | 0.68 | 0.14 | +25.28% |
| Q2 2014 | 2014-06-27 | 0.59 | 0.05 | +9.77% |
| Q1 2014 | 2014-03-28 | 0.62 | 0.04 | +6.85% |
| Q4 2013 | 2013-12-31 | 1.12 | 0.12 | +12.57% |
| Q3 2013 | 2013-09-27 | 0.54 | 0.04 | +8.64% |
| Q2 2013 | 2013-06-28 | 0.54 | 0.03 | +5.32% |
| Q1 2013 | 2013-03-29 | 0.58 | 0.04 | +7.06% |
| Q4 2012 | 2012-12-31 | 0.99 | 0.11 | +12.72% |
| Q3 2012 | 2012-09-28 | 0.50 | 0.02 | +4.63% |
| Q2 2012 | 2012-06-29 | 0.51 | 0.12 | +29.80% |
| Q1 2012 | 2012-03-30 | 0.54 | 0.10 | +23.79% |
| Q4 2011 | 2011-12-31 | 0.88 | 0.14 | +19.36% |
| Q3 2011 | 2011-09-30 | 0.48 | 0.30 | +165.21% |
| Q2 2011 | 2011-07-01 | 0.39 | 0.20 | +102.45% |
| Q1 2011 | 2011-04-01 | 0.44 | 0.24 | +118.74% |
| Q4 2010 | 2010-12-31 | 0.74 | 0.28 | +59.89% |
| Q3 2010 | 2010-10-01 | 0.18 | −0.03 | −15.43% |
| Q2 2010 | 2010-07-02 | 0.19 | −0.02 | −11.27% |
| Q1 2010 | 2010-04-02 | 0.20 | — | — |
| Q4 2009 | 2009-12-31 | 0.46 | 0.30 | +190.74% |
| Q3 2009 | 2009-10-02 | 0.21 | — | — |
| Q2 2009 | 2009-07-03 | 0.22 | — | — |
| Q4 2008 | 2008-12-31 | 0.16 | — | — |
Coca Cola debt-to-equity ratio trends
Over the last five fiscal years, Coca Cola's debt-to-equity ratio decreased from 2.30 to 1.47, a change of −0.84. The latest reported quarter, Q2 2026, shows 1.20.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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