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
DateValue
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