The Coca-Cola Company (KO) - Net Assets
Based on the latest financial reports, The Coca-Cola Company (KO) has net assets worth $33.27 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($106.05 Billion) and total liabilities ($72.78 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check The Coca-Cola Company liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $33.27 Billion |
| % of Total Assets | 31.37% |
| Annual Growth Rate | 5.75% |
| 5-Year Change | 23.91% |
| 10-Year Change | 2.36% |
| Growth Volatility | 11.63 |
The Coca-Cola Company - Net Assets Trend (1985–2024)
This chart illustrates how The Coca-Cola Company's net assets have evolved over time, based on quarterly financial data. Also explore KO total asset value for the complete picture of this company's asset base.
Annual Net Assets for The Coca-Cola Company (1985–2024)
The table below shows the annual net assets of The Coca-Cola Company from 1985 to 2024. For live valuation and market cap data, see The Coca-Cola Company market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $26.37 Billion | -4.03% |
| 2023-12-31 | $27.48 Billion | +6.40% |
| 2022-12-31 | $25.83 Billion | +3.89% |
| 2021-12-31 | $24.86 Billion | +16.80% |
| 2020-12-31 | $21.28 Billion | +0.88% |
| 2019-12-31 | $21.10 Billion | +10.70% |
| 2018-12-31 | $19.06 Billion | +0.43% |
| 2017-12-31 | $18.98 Billion | -18.27% |
| 2016-12-31 | $23.22 Billion | -9.87% |
| 2015-12-31 | $25.76 Billion | -15.70% |
| 2014-12-31 | $30.56 Billion | -8.61% |
| 2013-12-31 | $33.44 Billion | +0.82% |
| 2012-12-31 | $33.17 Billion | +3.91% |
| 2011-12-31 | $31.92 Billion | +1.93% |
| 2010-12-31 | $31.32 Billion | +23.56% |
| 2009-12-31 | $25.35 Billion | +23.81% |
| 2008-12-31 | $20.47 Billion | -5.85% |
| 2007-12-31 | $21.74 Billion | +28.51% |
| 2006-12-31 | $16.92 Billion | +3.45% |
| 2005-12-31 | $16.36 Billion | +2.64% |
| 2004-12-31 | $15.94 Billion | +13.09% |
| 2003-12-31 | $14.09 Billion | +19.41% |
| 2002-12-31 | $11.80 Billion | +3.82% |
| 2001-12-31 | $11.37 Billion | +22.01% |
| 2000-12-31 | $9.32 Billion | -2.07% |
| 1999-12-31 | $9.51 Billion | +13.21% |
| 1998-12-31 | $8.40 Billion | +14.94% |
| 1997-12-31 | $7.31 Billion | +18.76% |
| 1996-12-31 | $6.16 Billion | +14.17% |
| 1995-12-31 | $5.39 Billion | +3.00% |
| 1994-12-31 | $5.24 Billion | +14.20% |
| 1993-12-31 | $4.58 Billion | +17.89% |
| 1992-12-31 | $3.89 Billion | -12.14% |
| 1991-12-31 | $4.43 Billion | +14.98% |
| 1990-12-31 | $3.85 Billion | +10.43% |
| 1989-12-31 | $3.49 Billion | +14.46% |
| 1988-12-31 | $3.05 Billion | -5.54% |
| 1987-12-31 | $3.22 Billion | -8.28% |
| 1986-12-31 | $3.52 Billion | +17.99% |
| 1985-12-31 | $2.98 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Coca-Cola Company's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2359.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $76.05 Billion | 305.98% |
| Common Stock | $1.76 Billion | 7.08% |
| Other Comprehensive Income | $-16.84 Billion | -67.76% |
| Total Equity | $24.86 Billion | 100.00% |
The Coca-Cola Company Competitors by Market Cap
The table below lists competitors of The Coca-Cola Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Home Depot Inc
NYSE:HD
|
$322.43 Billion |
|
Agricultural Bank of China Ltd Class A
SHG:601288
|
$323.27 Billion |
|
Palantir Technologies Inc. Class A Common Stock
NYSE:PLTR
|
$324.25 Billion |
|
Palantir Technologies Inc.
NASDAQ:PLTR
|
$330.13 Billion |
|
Cisco Systems Inc
NASDAQ:CSCO
|
$309.49 Billion |
|
Applied Materials Inc
NASDAQ:AMAT
|
$308.78 Billion |
|
GE Aerospace
NYSE:GE
|
$300.50 Billion |
|
Industrial and Commercial Bank of China Ltd
SHG:601398
|
$293.92 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Coca-Cola Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 25,941,000,000 to 24,856,000,000, a change of -1,085,000,000 (-4.2%).
- Net income of 10,631,000,000 contributed positively to equity growth.
- Dividend payments of 8,359,000,000 reduced retained earnings.
- Share repurchases of 1,795,000,000 reduced equity.
- New share issuances of 747,000,000 increased equity.
- Other comprehensive income decreased equity by 2,568,000,000.
- Other factors increased equity by 259,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $10.63 Billion | +42.77% |
| Dividends Paid | $8.36 Billion | -33.63% |
| Share Repurchases | $1.79 Billion | -7.22% |
| Share Issuances | $747.00 Million | +3.01% |
| Other Comprehensive Income | $-2.57 Billion | -10.33% |
| Other Changes | $259.00 Million | +1.04% |
| Total Change | $- | -4.18% |
Book Value vs Market Value Analysis
This analysis compares The Coca-Cola Company's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 13.66x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 158.77x to 13.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.49 | $78.58 | x |
| 1986-12-31 | $0.58 | $78.58 | x |
| 1987-12-31 | $0.55 | $78.58 | x |
| 1988-12-31 | $0.51 | $78.58 | x |
| 1989-12-31 | $0.79 | $78.58 | x |
| 1990-12-31 | $0.71 | $78.58 | x |
| 1991-12-31 | $0.82 | $78.58 | x |
| 1992-12-31 | $0.72 | $78.58 | x |
| 1993-12-31 | $0.87 | $78.58 | x |
| 1994-12-31 | $1.01 | $78.58 | x |
| 1995-12-31 | $1.06 | $78.58 | x |
| 1996-12-31 | $1.22 | $78.58 | x |
| 1997-12-31 | $1.45 | $78.58 | x |
| 1998-12-31 | $1.68 | $78.58 | x |
| 1999-12-31 | $1.91 | $78.58 | x |
| 2000-12-31 | $1.87 | $78.58 | x |
| 2001-12-31 | $2.29 | $78.58 | x |
| 2002-12-31 | $2.38 | $78.58 | x |
| 2003-12-31 | $2.86 | $78.58 | x |
| 2004-12-31 | $3.28 | $78.58 | x |
| 2005-12-31 | $3.42 | $78.58 | x |
| 2006-12-31 | $3.60 | $78.58 | x |
| 2007-12-31 | $4.66 | $78.58 | x |
| 2008-12-31 | $4.38 | $78.58 | x |
| 2009-12-31 | $5.32 | $78.58 | x |
| 2010-12-31 | $6.64 | $78.58 | x |
| 2011-12-31 | $6.81 | $78.58 | x |
| 2012-12-31 | $7.15 | $78.58 | x |
| 2013-12-31 | $7.36 | $78.58 | x |
| 2014-12-31 | $6.81 | $78.58 | x |
| 2015-12-31 | $5.80 | $78.58 | x |
| 2016-12-31 | $5.28 | $78.58 | x |
| 2017-12-31 | $3.95 | $78.58 | x |
| 2018-12-31 | $3.95 | $78.58 | x |
| 2019-12-31 | $4.40 | $78.58 | x |
| 2020-12-31 | $4.46 | $78.58 | x |
| 2021-12-31 | $5.30 | $78.58 | x |
| 2022-12-31 | $5.54 | $78.58 | x |
| 2023-12-31 | $5.98 | $78.58 | x |
| 2024-12-31 | $5.75 | $78.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Coca-Cola Company utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 42.77%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.59%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 4.05x
- Recent ROE (42.77%) is above the historical average (34.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 24.25% | 9.14% | 1.15x | 2.32x | $424.39 Million |
| 1986 | 26.58% | 10.78% | 1.04x | 2.38x | $582.80 Million |
| 1987 | 28.42% | 11.96% | 0.92x | 2.59x | $593.72 Million |
| 1988 | 34.31% | 12.53% | 1.12x | 2.45x | $740.17 Million |
| 1989 | 34.84% | 13.54% | 1.08x | 2.38x | $865.75 Million |
| 1990 | 35.90% | 13.50% | 1.10x | 2.41x | $996.98 Million |
| 1991 | 36.56% | 13.98% | 1.13x | 2.31x | $1.18 Billion |
| 1992 | 42.80% | 12.73% | 1.18x | 2.84x | $1.28 Billion |
| 1993 | 47.47% | 15.59% | 1.16x | 2.62x | $1.72 Billion |
| 1994 | 48.79% | 15.79% | 1.17x | 2.65x | $2.03 Billion |
| 1995 | 55.38% | 16.47% | 1.21x | 2.79x | $2.45 Billion |
| 1996 | 56.73% | 18.70% | 1.16x | 2.63x | $2.88 Billion |
| 1997 | 56.48% | 21.88% | 1.11x | 2.32x | $3.40 Billion |
| 1998 | 42.04% | 18.78% | 0.98x | 2.28x | $2.69 Billion |
| 1999 | 25.55% | 12.61% | 0.89x | 2.27x | $1.48 Billion |
| 2000 | 23.37% | 10.95% | 0.95x | 2.24x | $1.25 Billion |
| 2001 | 34.92% | 22.62% | 0.78x | 1.97x | $2.83 Billion |
| 2002 | 25.85% | 15.59% | 0.80x | 2.08x | $1.87 Billion |
| 2003 | 30.85% | 20.66% | 0.77x | 1.94x | $2.94 Billion |
| 2004 | 30.42% | 22.29% | 0.69x | 1.97x | $3.25 Billion |
| 2005 | 29.79% | 21.09% | 0.79x | 1.80x | $3.24 Billion |
| 2006 | 30.02% | 21.09% | 0.80x | 1.77x | $3.39 Billion |
| 2007 | 27.51% | 20.73% | 0.67x | 1.99x | $3.81 Billion |
| 2008 | 28.37% | 18.18% | 0.79x | 1.98x | $3.76 Billion |
| 2009 | 27.52% | 22.02% | 0.64x | 1.96x | $4.34 Billion |
| 2010 | 38.02% | 33.56% | 0.48x | 2.35x | $8.69 Billion |
| 2011 | 27.13% | 18.44% | 0.58x | 2.53x | $5.42 Billion |
| 2012 | 27.51% | 18.78% | 0.56x | 2.63x | $5.74 Billion |
| 2013 | 25.88% | 18.32% | 0.52x | 2.71x | $5.27 Billion |
| 2014 | 23.41% | 15.43% | 0.50x | 3.04x | $4.07 Billion |
| 2015 | 28.77% | 16.60% | 0.49x | 3.52x | $4.80 Billion |
| 2016 | 28.30% | 15.59% | 0.48x | 3.78x | $4.22 Billion |
| 2017 | 7.31% | 3.45% | 0.41x | 5.15x | $-459.20 Million |
| 2018 | 37.89% | 18.76% | 0.41x | 4.90x | $4.74 Billion |
| 2019 | 46.99% | 23.94% | 0.43x | 4.55x | $7.02 Billion |
| 2020 | 40.14% | 23.47% | 0.38x | 4.52x | $5.82 Billion |
| 2021 | 42.48% | 25.28% | 0.41x | 4.10x | $7.47 Billion |
| 2022 | 39.59% | 22.19% | 0.46x | 3.85x | $7.13 Billion |
| 2023 | 41.30% | 23.42% | 0.47x | 3.77x | $8.12 Billion |
| 2024 | 42.77% | 22.59% | 0.47x | 4.05x | $8.15 Billion |
Industry Comparison
This section compares The Coca-Cola Company's net assets metrics with peer companies in the Beverages - Non-Alcoholic industry.
Industry Context
- Industry: Beverages - Non-Alcoholic
- Average net assets among peers: $197,706,140,006
- Average return on equity (ROE) among peers: 70.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Coca-Cola Company (KO) | $33.27 Billion | 24.25% | 2.19x | $312.49 Billion |
| Embotelladora Andina S.A (AKO-A) | $881.43 Billion | 9.94% | 1.36x | $1.84 Billion |
| Embotelladora Andina S.A (AKO-B) | $893.60 Billion | 9.81% | 0.72x | $2.18 Billion |
| Barfresh Food Group Inc (BRFH) | $-35.05K | 0.00% | 0.00x | $40.40 Million |
| Buda Juice, Inc. (BUDA) | $401.00K | 564.09% | 6.39x | $117.60 Million |
| Coca-Cola European Partners PLC (CCEP) | $3.47 Billion | 15.49% | 4.89x | $42.25 Billion |
| Celsius Holdings Inc (CELH) | $-7.16 Million | 0.00% | 0.00x | $8.67 Billion |
| Vita Coco Company Inc (COCO) | $258.82 Million | 21.62% | 0.40x | $3.26 Billion |
| Coca-Cola Consolidated Inc. (COKE) | $455.17 Million | -4.38% | 5.61x | $13.80 Billion |
| National Beverage Corp (FIZZ) | $144.62 Million | 15.54% | 0.65x | $3.19 Billion |
About The Coca-Cola Company
The Coca-Cola Company, a beverage company, manufactures and sells various nonalcoholic beverages in the United States and internationally. The company provides sparkling soft drinks and flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers … Read more