The company maintains a fortress balance sheet with a negligible 0.04% debt-to-equity ratio and a substantial $201.9M cash position as of 2026Q1.
| Total Current Assets | 449.65M | 421.44M | 341.29M | 262.94M | 174.92M | 173.26M | 159.15M | 113.02M |
| Cash & Short-Term Investments | 201.91M | 196.87M | 164.67M | 132.54M | 19.63M | 28.69M | 72.18M | 36.74M |
| Cash Only | 201.91M | 196.87M | 164.67M | 132.54M | 19.63M | 28.69M | 72.18M | 36.74M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 120.84M | 81.51M | 80.78M | 66.35M | 57.56M | 56.59M | 32.63M | 31.43M |
| Days Sales Outstanding | 56.57 | 48.79 | 57.14 | 49.06 | 49.11 | 54.42 | 38.34 | 40.41 |
| Inventory | 86.41M | 111.47M | 83.6M | 50.76M | 85.65M | 75.36M | 33.16M | 37.95M |
| Days Inventory Outstanding | 81.08 | 104.79 | 96.19 | 59.09 | 96.36 | 103.27 | 58.81 | 72.53 |
| Other Current Assets | 40.49M | 31.59M | 2.65M | 3.88M | 4.11M | 126K | 3.27M | 1.51M |
| Total Non-Current Assets | 38.69M | 39.72M | 21.09M | 22.75M | 25.44M | 24.23M | 24.71M | 33.08M |
| Property, Plant & Equipment | 20.22M | 20.89M | 2.74M | 3.54M | 4.75M | 2.47M | 2.88M | 3.4M |
| Fixed Asset Turnover | 34.71x | 29.19x | 188.60x | 139.36x | 89.97x | 153.46x | 107.86x | 83.54x |
| Goodwill | 7.79M | 7.79M | 7.79M | 7.79M | 7.79M | 7.79M | 7.79M | 7.79M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 7.93M | 9.15M | 10.46M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 4.22M | 4.57M | 4.46M | 4.66M | 6.04M | 4.76M | 4.89M | 5.3M |
| Total Assets | 488.34M | 461.16M | 362.38M | 285.68M | 200.36M | 197.48M | 183.86M | 146.1M |
| Asset Turnover | 1.44x | 1.32x | 1.42x | 1.73x | 2.14x | 1.92x | 1.69x | 1.94x |
| Asset Growth % | 115.41% | 27.26% | 26.85% | 42.59% | 1.46% | 7.41% | 25.85% | - |
| Total Current Liabilities | 123.16M | 116.43M | 103.27M | 82.58M | 54.35M | 73.96M | 55.7M | 42.14M |
| Accounts Payable | 24.81M | 25.46M | 32M | 23.06M | 17.52M | 29.98M | 15.84M | 12.84M |
| Days Payables Outstanding | 21.7 | 23.94 | 36.82 | 26.85 | 19.71 | 41.09 | 28.09 | 24.55 |
| Short-Term Debt | 0 | 3K | 10K | 13K | 757K | 28K | 22K | 4.02M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 98.35M | 90.97M | 57.62M | 39.01M | 31.42M | 3.2M | 30.69M | 21.16M |
| Current Ratio | 3.65x | 3.62x | 3.30x | 3.18x | 3.22x | 2.34x | 2.86x | 2.68x |
| Quick Ratio | 2.95x | 2.66x | 2.50x | 2.57x | 1.64x | 1.32x | 2.26x | 1.78x |
| Cash Conversion Cycle | 115.95 | 129.64 | 116.51 | 81.3 | 125.76 | 116.6 | 69.06 | 88.38 |
| Total Non-Current Liabilities | 13.01M | 13.18M | 298K | 660K | 4.92M | 349K | 25.86M | 30.16M |
| Long-Term Debt | 12.91M | 13.09M | 3K | 13K | 25K | 48K | 25.03M | 12.93M |
| Capital Lease Obligations | 14M | 0 | 0 | 0 | 2.05M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 2.6M | 0 | 342K | 186K |
| Other Non-Current Liabilities | 99K | 97K | 295K | 647K | 241K | 301K | 481K | 17.04M |
| Total Liabilities | 136.17M | 129.62M | 103.56M | 83.25M | 59.27M | 74.31M | 81.56M | 72.3M |
| Total Debt | 12.91M | 13.09M | 435K | 1.22M | 2.83M | 76K | 25.06M | 16.95M |
| Net Debt | -189M | -183.78M | -164.23M | -131.32M | -16.8M | -28.61M | -47.13M | -19.79M |
| Debt / Equity | 0.04x | 0.04x | 0.00x | 0.01x | 0.02x | 0.00x | 0.24x | 0.23x |
| Debt / EBITDA | 0.13x | 0.16x | 0.01x | 0.02x | 0.57x | 0.00x | 0.51x | 1.10x |
| Net Debt / EBITDA | -1.93x | -2.19x | -2.20x | -2.30x | -3.39x | -1.07x | -0.96x | -1.28x |
| Interest Coverage | - | - | - | 1869.39x | 40.26x | 68.30x | 38.50x | 12.10x |
| Total Equity | 352.17M | 331.54M | 258.82M | 202.44M | 141.09M | 123.17M | 102.3M | 73.8M |
| Equity Growth % | 111.24% | 28.1% | 27.85% | 43.48% | 14.55% | 20.4% | 38.62% | - |
| Book Value per Share | 5.82 | 5.53 | 4.37 | 3.45 | 2.51 | 2.22 | 1.84 | 1.33 |
| Total Shareholders' Equity | 352.17M | 331.54M | 258.82M | 202.44M | 141.09M | 123.17M | 102.22M | 73.75M |
| Common Stock | 644K | 642K | 637K | 631K | 622K | 618K | 1K | 1K |
| Retained Earnings | 258.49M | 228.01M | 156.69M | 100.74M | 55.18M | 47.37M | 28.35M | -4.31M |
| Treasury Stock | 0 | 0 | -71.73M | -59.7M | -58.93M | -58.93M | -8.93M | -1.99M |
| Accumulated OCI | 0 | 486K | -860K | -649K | -994K | -616K | -18.65M | -18.99M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 78K | 46K |
Global logistics cost volatility
As reported in recent financial filings, COCO's equity base has expanded from $202.4M in 2023Q4 to $352.2M by 2026Q1, a trend driven primarily by the consistent accumulation of retained earnings which suggests a strengthening financial foundation as the company scales its core operations.
The steady growth in retained earnings indicates that the company is successfully converting its operational success into permanent balance sheet value. This trajectory suggests that the business model is generating sufficient internal capital to fund its growth without relying on external financing, which enhances its long-term stability.
Based on the company's reported figures, cash reserves have climbed to $201.9M as of 2026Q1, maintaining a robust current ratio of 3.65, which provides a significant liquidity buffer against the inherent volatility of its import-heavy, ocean-freight-dependent supply chain model.
The high current ratio reflects a conservative liquidity posture that protects the company from potential disruptions in global shipping lanes. Investors should monitor whether this cash pile remains idle or if management identifies high-return opportunities to deploy these funds beyond current share repurchase activities.
According to quarterly balance sheet data, net PPE remains minimal at $20.2M in 2026Q1, confirming the company's asset-light strategy which prioritizes third-party manufacturing relationships over heavy capital investment in production facilities, as evidenced by the low asset intensity relative to total revenue.
This asset-light structure allows the company to maintain high flexibility in its supply chain, though it leaves the firm dependent on the operational reliability of its co-packers. The low level of fixed assets suggests that the company's competitive advantage is derived from its logistical network rather than proprietary manufacturing infrastructure.
As indicated by the latest financial statements, the company maintains a negligible debt-to-equity ratio of 0.04%, with total debt of only $12.9M in 2026Q1, signaling a fortress balance sheet that is effectively insulated from the risks of rising interest rates.
The near-absence of debt provides the company with significant optionality to navigate economic downturns or pursue strategic acquisitions if necessary. This lack of leverage appears to be a deliberate choice by management to prioritize financial independence in a sector often characterized by high operational volatility.
Quick answers to the most common questions about buying COCO stock.
As of 2025, The Vita Coco Company, Inc. (COCO) had total assets of $461.2M including $421.4M in current assets.
The Vita Coco Company, Inc. (COCO) carries total debt of $13.1M, offset by $196.9M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
The Vita Coco Company, Inc. (COCO) has total shareholders' equity (book value) of $331.5M ($5.53 book value per share). Book value represents the net worth of the company belonging to common stock holders.
The Vita Coco Company, Inc. (COCO) reported a current ratio of 3.62x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.