Colgate-Palmolive Balance Sheet Health
Financial Health criteria checks 4/6
Colgate-Palmolive has a total shareholder equity of $482.0M and total debt of $8.7B, which brings its debt-to-equity ratio to 1800%. Its total assets and total liabilities are $16.5B and $16.0B respectively. Colgate-Palmolive's EBIT is $4.2B making its interest coverage ratio 17.8. It has cash and short-term investments of $1.3B.
Key information
1,800.0%
Debt to equity ratio
US$8.68b
Debt
| Interest coverage ratio | 17.8x |
| Cash | US$1.34b |
| Equity | US$482.00m |
| Total liabilities | US$16.00b |
| Total assets | US$16.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CL's short term assets ($5.6B) exceed its short term liabilities ($5.4B).
Long Term Liabilities: CL's short term assets ($5.6B) do not cover its long term liabilities ($10.6B).
Debt to Equity History and Analysis
Debt Level: CL's net debt to equity ratio (1523%) is considered high.
Reducing Debt: CL had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: CL's debt is well covered by operating cash flow (45.6%).
Interest Coverage: CL's interest payments on its debt are well covered by EBIT (17.8x coverage).