Clorox Balance Sheet Health
Financial Health criteria checks 2/6
Clorox has a total shareholder equity of $224.0M and total debt of $2.5B, which brings its debt-to-equity ratio to 1109.8%. Its total assets and total liabilities are $5.5B and $5.3B respectively. Clorox's EBIT is $1.2B making its interest coverage ratio 17.2. It has cash and short-term investments of $278.0M.
Key information
1,109.8%
Debt to equity ratio
US$2.49b
Debt
| Interest coverage ratio | 17.2x |
| Cash | US$278.00m |
| Equity | US$224.00m |
| Total liabilities | US$5.27b |
| Total assets | US$5.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CLXC34's short term assets ($1.6B) do not cover its short term liabilities ($1.6B).
Long Term Liabilities: CLXC34's short term assets ($1.6B) do not cover its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: CLXC34's net debt to equity ratio (985.7%) is considered high.
Reducing Debt: CLXC34's debt to equity ratio has increased from 497.5% to 1109.8% over the past 5 years.
Debt Coverage: CLXC34's debt is well covered by operating cash flow (36%).
Interest Coverage: CLXC34's interest payments on its debt are well covered by EBIT (17.2x coverage).