The Coca-Cola Company (KO) Balance Sheet: Assets & Liabilities

The Coca-Cola Company (KO) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), The Coca-Cola Company reported total assets of $104.82B and total liabilities of $70.54B. Shareholders' equity was $34.27B, up 30.0% from $26.37B a year earlier. Total debt stood at $43.67B against $15.81B in cash and short-term investments, a net debt position of $27.86B. That puts debt-to-equity at 1.27, compared with 1.66 a year earlier.

The Coca-Cola Company Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for The Coca-Cola Company (KO) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	10.27	10.83	9.37	9.52	9.68	6.80	6.48	9.08	6.01
Short-Term Investments	5.54	3.74	4.30	2.11	2.94	4.12	4.70	7.04	14.67
Cash & Short-Term Investments	15.81	14.57	13.66	11.63	12.63	10.91	11.18	16.12	20.68
Accounts Receivable	3.04	3.57	3.41	3.49	3.51	3.14	3.97	3.69	3.67
Inventory	4.43	4.73	4.42	4.23	3.41	3.27	3.38	3.07	2.66
Other Current Assets	7.78	3.13	5.24	3.24	2.99	1.92	1.89	2.06	9.55
Total Current Assets	31.04	26.00	26.73	22.59	22.55	19.24	20.41	24.93	36.55
Non-Current Assets
Property, Plant & Equipment (Net)	9.61	10.30	9.24	9.84	9.92	10.78	10.84	9.60	8.20
Long-Term Investments	20.24	18.09	19.67	18.26	18.42	20.09	19.88	20.28	21.95
Goodwill	15.49	18.14	18.36	18.78	19.36	17.51	16.76	14.11	9.40
Intangible Assets	12.53	13.30	14.35	14.85	15.25	11.04	10.00	7.48	7.24
Other Non-Current Assets	15.90	14.72	9.36	6.19	8.86	6.18	6.08	4.15	2.04
Total Non-Current Assets	73.77	74.55	70.97	70.17	71.81	68.06	65.97	58.29	51.35
Total Assets	104.82	100.55	97.70	92.76	94.35	87.30	86.38	83.22	87.90
Current Liabilities
Accounts Payable	14.81	21.71	15.49	5.31	14.62	3.52	3.80	2.72	2.29
Short-Term Debt	1.55	1.50	4.56	2.77	3.31	3.31	15.53	18.84	16.50
Current Portion of Long-Term Debt	1.82	0.65	1.96	0.40	1.34	-	-	-	-
Accrued Liabilities	0.53	1.39	1.57	9.36	0.69	-	-	-	-
Other Current Liabilities	2.57	0.00	0.72	0.98	1.17	6.98	7.23	6.45	7.99
Total Current Liabilities	21.28	25.25	23.57	19.72	19.95	14.60	26.97	28.78	27.19
Non-Current Liabilities
Long-Term Debt	42.12	42.38	35.55	36.38	38.12	41.43	28.63	25.38	31.18
Deferred Tax Liabilities	2.41	2.47	2.64	2.91	2.82	1.83	2.28	2.35	2.52
Other Non-Current Liabilities	7.14	6.55	11.11	7.92	11.43	8.15	7.40	7.65	8.02
Total Non-Current Liabilities	49.26	48.93	46.65	47.21	49.54	51.41	38.31	35.38	41.73
Total Liabilities	70.54	74.18	70.22	66.94	69.49	66.01	65.28	64.16	68.92
Stockholders' Equity
Common Stock	1.76	1.76	1.76	1.76	1.76	1.76	1.76	1.76	1.76
Retained Earnings	80.38	76.05	73.78	71.02	69.09	66.56	65.81	63.23	60.43
Accumulated Other Comprehensive Income	-14.13	-16.84	-14.28	-14.90	-14.33	-14.60	-13.50	-12.81	-10.31
Treasury Stock	56.42	55.92	54.54	52.60	51.64	-	-	-	-
Additional Paid-in Capital	-35.84	19.80	-35.33	18.82	18.12	-34.42	-35.09	-35.20	-34.81
Minority Interest	2.11	1.52	1.54	1.72	1.86	1.99	2.12	2.08	1.91
Shares Outstanding	4.30	4.30	4.31	4.33	4.33	-	-	-	-
Total Stockholders' Equity	34.28	26.37	27.48	24.11	24.86	19.30	18.98	16.98	17.07
Total Liabilities & Equity	104.82	100.55	97.70	92.76	94.35	87.30	86.38	83.22	87.90

Source: Company financial statements from annual and quarterly filings. Data as of Jul 3, 2026. Data sources and methodology

Frequently Asked Questions About The Coca-Cola Company Balance Sheet

How much debt does The Coca-Cola Company have?

The Coca-Cola Company had total debt of $43.67B as of Dec 31, 2025, against $15.81B in cash and short-term investments. Its debt-to-equity ratio was 1.27. Total debt was $43.87B a year earlier.

What are The Coca-Cola Company's total assets?

The Coca-Cola Company reported total assets of $104.82B as of Dec 31, 2025, up 4.2% from $100.55B a year earlier. Total liabilities were $70.54B.

What is The Coca-Cola Company's shareholders' equity?

The Coca-Cola Company's shareholders' equity was $34.27B as of Dec 31, 2025, or about $7.97 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition