Colgate-Palmolive Balance Sheet Health
Financial Health criteria checks 4/6
Colgate-Palmolive has a total shareholder equity of $836.0M and total debt of $8.4B, which brings its debt-to-equity ratio to 1009.1%. Its total assets and total liabilities are $16.8B and $15.9B respectively. Colgate-Palmolive's EBIT is $4.3B making its interest coverage ratio 18.1. It has cash and short-term investments of $1.5B.
Key information
1,009.1%
Debt to equity ratio
US$8.44b
Debt
| Interest coverage ratio | 18.1x |
| Cash | US$1.49b |
| Equity | US$836.00m |
| Total liabilities | US$15.94b |
| Total assets | US$16.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: COLG34's short term assets ($5.8B) exceed its short term liabilities ($5.6B).
Long Term Liabilities: COLG34's short term assets ($5.8B) do not cover its long term liabilities ($10.4B).
Debt to Equity History and Analysis
Debt Level: COLG34's net debt to equity ratio (830.4%) is considered high.
Reducing Debt: COLG34's debt to equity ratio has reduced from 4684.5% to 1009.1% over the past 5 years.
Debt Coverage: COLG34's debt is well covered by operating cash flow (47.1%).
Interest Coverage: COLG34's interest payments on its debt are well covered by EBIT (18.1x coverage).