Coca-Cola HBC AG (LSE:CCH) Debt-to-Equity : 1.11 (As of Dec. 2023)

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What is Coca-Cola HBC AG Debt-to-Equity?

Coca-Cola HBC AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £817 Mil. Coca-Cola HBC AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £2,133 Mil. Coca-Cola HBC AG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £2,664 Mil. Coca-Cola HBC AG's debt to equity for the quarter that ended in Dec. 2023 was 1.11.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Coca-Cola HBC AG's Debt-to-Equity or its related term are showing as below:

LSE:CCH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52 Med: 0.85 Max: 1.23
Current: 1.11

During the past 13 years, the highest Debt-to-Equity Ratio of Coca-Cola HBC AG was 1.23. The lowest was 0.52. And the median was 0.85.

LSE:CCH's Debt-to-Equity is ranked worse than
83.87% of 93 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.27 vs LSE:CCH: 1.11

Coca-Cola HBC AG Debt-to-Equity Historical Data

The historical data trend for Coca-Cola HBC AG's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Coca-Cola HBC AG Debt-to-Equity Chart

Coca-Cola HBC AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.23

1.11

0.94

1.04

1.11

Coca-Cola HBC AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.94	1.03	1.04	1.12	1.11

Competitive Comparison of Coca-Cola HBC AG's Debt-to-Equity

For the Beverages - Non-Alcoholic subindustry, Coca-Cola HBC AG's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Coca-Cola HBC AG's Debt-to-Equity Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola HBC AG's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Coca-Cola HBC AG's Debt-to-Equity falls into.

Coca-Cola HBC AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Coca-Cola HBC AG's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(816.793	+	2133.431)	/	2664.462
	=	1.11

Coca-Cola HBC AG's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(816.793	+	2133.431)	/	2664.462
	=	1.11

Coca-Cola HBC AG (LSE:CCH) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Coca-Cola HBC AG Debt-to-Equity Related Terms

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Coca-Cola HBC AG (LSE:CCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola HBC AG (LSE:CCH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CCHGY:USA CCHBF:USA EEE:Greece CCHl:UK C0Q:Germany

Address

Turmstrasse 26, Steinhausen, CHE, CH-6312

Website

https://www.coca-colahellenic.com

Coca-Cola HBC, or HBC, is the third-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola FEMSA and Coca-Cola Europacific Partners, or CCEP. In 2022, HBC sold 2.7 billion unit cases of beverages. For context, Coke's largest bottler, Coke FEMSA, sold 3.75 billion unit cases in Latin America, and the second-largest, CCEP, serving Europe, Southeast Asia, and the South Pacific region, sold 3.3 billion unit cases. There is a long tail of Coke distributors, including brewers and independent operators with very small distribution territories.HBC is listed on the LSE. Kar-Tess, a Luxembourg-based holding company, owns 23% of the equity of HBC, and The Coca-Cola Company, or TCCC, holds a further 21%. The remaining 56% is free float.

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