Clorox Balance Sheet Health
Financial Health criteria checks 2/6
Clorox has a total shareholder equity of $491.0M and total debt of $2.7B, which brings its debt-to-equity ratio to 546.8%. Its total assets and total liabilities are $6.0B and $5.6B respectively. Clorox's EBIT is $714.0M making its interest coverage ratio 7.3. It has cash and short-term investments of $168.0M.
Key information
546.8%
Debt to equity ratio
US$2.69b
Debt
Interest coverage ratio | 7.3x |
Cash | US$168.00m |
Equity | US$491.00m |
Total liabilities | US$5.55b |
Total assets | US$6.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CLX's short term assets ($1.6B) do not cover its short term liabilities ($1.9B).
Long Term Liabilities: CLX's short term assets ($1.6B) do not cover its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: CLX's net debt to equity ratio (512.6%) is considered high.
Reducing Debt: CLX's debt to equity ratio has increased from 300.4% to 546.8% over the past 5 years.
Debt Coverage: CLX's debt is well covered by operating cash flow (35.4%).
Interest Coverage: CLX's interest payments on its debt are well covered by EBIT (7.3x coverage).