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Coca-Cola Consolidated Inc Net debt/EBITDA

What is the Net debt/EBITDA of Coca-Cola Consolidated Inc?

The Net debt/EBITDA of Coca-Cola Consolidated Inc is 0.35

What is the definition of Net debt/EBITDA?



The net debt to earnings before interest, taxes, depreciation, and amortization (Net debt/EBITDA) ratio measures financial leverage and the company’s ability to pay off its debt. It shows how long it would take the company to pay off all its debt with operations at the current level.

The net debt to EBITDA ratio is calculated as Net debt divided by EBITDA. It is similar to the debt to EBITDA ratio, but cash and cash equivalents are subtracted in net debt.

Net debt = short-term debt + long-term debt - cash and cash equivalents
EBITDA = net income + interest expense + taxes + depreciation + amortization

Lower debt debt to EBITDA ratio indicates the company is not heavily indebted and should be able to repay its obligations. Alternatively, higher ratio indicated the company is excessively indebted. The ratio varies between industries as different industries have different capital requirements. Usually, the ratio should be compared to a benchmark or an industry average to determine the company’s credit risk. Generally, a net debt to EBITDA ratio above 4 or 5 is considered high.

Net debt/EBITDA of companies in the Consumer Staples sector on NASDAQ compared to Coca-Cola Consolidated Inc

What does Coca-Cola Consolidated Inc do?

coca-cola bottling co. consolidated (ccbcc) is the nation's largest independent coca-cola bottler. ccbcc was started in 1902, when j.b. harrison began selling coca-cola in bottles in greensboro, n.c., launching north carolina's first coca-cola bottling company. ccbcc is still a family-owned and operated business. board chairman j. frank harrison, iii, great-grandson of the company's founder, became ceo in 1997. we make, sell, and distribute more than 250 brands and flavors in a wide variety of package types and sizes in multiple channels. we operate in 14 states, primarily in the southeast, with corporate offices located in charlotte, north carolina. our stock is traded on the nasdaq exchange under the symbol coke. community • environment • stewardship • at coca-cola bottling co. consolidated, our commitment to serve others, pursue excellence, and grow profitably links directly to our overarching purpose: “to honor god in all we do.” we are innovators in the bottling field and ou

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