Colgate-Palmolive Balance Sheet Health
Financial Health criteria checks 4/6
Colgate-Palmolive has a total shareholder equity of $957.0M and total debt of $8.5B, which brings its debt-to-equity ratio to 887.8%. Its total assets and total liabilities are $16.4B and $15.4B respectively. Colgate-Palmolive's EBIT is $3.9B making its interest coverage ratio 17. It has cash and short-term investments of $1.1B.
Key information
887.8%
Debt to equity ratio
US$8.50b
Debt
Interest coverage ratio | 17x |
Cash | US$1.15b |
Equity | US$957.00m |
Total liabilities | US$15.44b |
Total assets | US$16.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CL *'s short term assets ($5.3B) exceed its short term liabilities ($4.7B).
Long Term Liabilities: CL *'s short term assets ($5.3B) do not cover its long term liabilities ($10.7B).
Debt to Equity History and Analysis
Debt Level: CL *'s net debt to equity ratio (768.1%) is considered high.
Reducing Debt: CL *'s debt to equity ratio has reduced from 3236% to 887.8% over the past 5 years.
Debt Coverage: CL *'s debt is well covered by operating cash flow (44.1%).
Interest Coverage: CL *'s interest payments on its debt are well covered by EBIT (17x coverage).