Colgate-Palmolive Balance Sheet Health
Financial Health criteria checks 4/6
Colgate-Palmolive has a total shareholder equity of $617.0M and total debt of $8.7B, which brings its debt-to-equity ratio to 1408.3%. Its total assets and total liabilities are $16.6B and $16.0B respectively. Colgate-Palmolive's EBIT is $4.1B making its interest coverage ratio 17.4. It has cash and short-term investments of $1.3B.
Key information
1,408.3%
Debt to equity ratio
US$8.69b
Debt
Interest coverage ratio | 17.4x |
Cash | US$1.31b |
Equity | US$617.00m |
Total liabilities | US$15.95b |
Total assets | US$16.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CPA's short term assets ($5.6B) exceed its short term liabilities ($5.3B).
Long Term Liabilities: CPA's short term assets ($5.6B) do not cover its long term liabilities ($10.6B).
Debt to Equity History and Analysis
Debt Level: CPA's net debt to equity ratio (1195.9%) is considered high.
Reducing Debt: CPA had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: CPA's debt is well covered by operating cash flow (42.5%).
Interest Coverage: CPA's interest payments on its debt are well covered by EBIT (17.4x coverage).