Coca Cola (KO) Debt to Equity (2009 - 2026)
Coca Cola (KO) recorded quarterly Debt to Equity of $1.22 in Q2 2026, down 4.92% quarter-over-quarter from $1.28 in Q4 2025, and down 22.57% on a YoY basis from $1.57 in Q2 2025.
Coca Cola (KO) Debt to Equity (2009 - 2026) Analysis & Trends
Coca Cola's Debt to Equity history runs 18 years deep, the most recent figure standing at $1.22 for Q2 2026.
- In Q2 2026, Debt to Equity fell 22.57% year-over-year to $1.22; the TTM figure through Apr 2026 stood at $1.22 (down 22.57% YoY), while the FY2025 annual figure was $1.28, down 21.42% from the prior year.
- Debt to Equity was $1.22 for Q2 2026 at Coca Cola, down from $1.28 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $1.63 in Q4 2024 to a low of -$0.7 in Q4 2022.
- Historically, Debt to Equity has averaged $1.25 across 5 years, with a median of $1.42 in 2022.
- The sharpest annual moves came in 2022 and 2024: Debt to Equity slumped 130.58% in 2022, then jumped 220.92% in 2024.
- A 5-year view of Debt to Equity shows it stood at -$0.7 in 2022, then jumped by 172.71% to $0.51 in 2023, then surged by 220.92% to $1.63 in 2024, then decreased by 21.42% to $1.28 in 2025, then retreated by 4.92% to $1.22 in 2026.
- The last three Debt to Equity figures came in at $1.22 (Q2 2026), $1.28 (Q4 2025), and $1.44 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 341.39 Bn | 332.40 Bn | 7.85 Bn | 1.22 |
| 2 | Pepsico | 194.25 Bn | 183.58 Bn | 10.73 Bn | 2.45 |
| 3 | Monster Beverage | 89.38 Bn | 86.39 Bn | 1.29 Bn | - |
| 4 | Coca Cola Femsa Sab De Cv | 87.89 Bn | 86.38 Bn | 1.89 Bn | - |
| 5 | Keurig Dr Pepper | 41.86 Bn | 27.96 Bn | 2.10 Bn | 1.02 |
| 6 | Coca-Cola Consolidated | 10.27 Bn | 10.04 Bn | 727.08 Mn | -4.10 |
| 7 | Primo Brands | 8.82 Bn | 8.54 Bn | 464.90 Mn | 1.74 |
| 8 | Celsius Holdings | 7.92 Bn | 7.37 Bn | 378.07 Mn | 0.53 |
| 9 | Vita Coco Company | 4.80 Bn | 4.59 Bn | 71.81 Mn | 0.00 |
| 10 | National Beverage | 3.40 Bn | 3.09 Bn | 99.60 Mn | 0.02 |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 3, 2026 | 1.22 |
| Dec 31, 2025 | 1.28 |
| Sep 26, 2025 | 1.44 |
| Jun 27, 2025 | 1.49 |
| Mar 28, 2025 | 1.57 |
| Dec 31, 2024 | 1.63 |
| Sep 27, 2024 | 1.56 |
| Jun 28, 2024 | 1.46 |
| Mar 29, 2024 | 1.31 |
| Dec 31, 2023 | 0.51 |
| Sep 29, 2023 | 1.30 |
| Jun 30, 2023 | 1.34 |
| Mar 31, 2023 | 1.38 |
| Dec 31, 2022 | -0.70 |
| Sep 30, 2022 | 1.48 |
| Jul 1, 2022 | 1.51 |
| Apr 1, 2022 | 1.42 |
| Dec 31, 2021 | 2.29 |
| Oct 1, 2021 | 1.65 |
| Jul 2, 2021 | 1.65 |