Stock Analysis on Net

Colgate-Palmolive Co. (NYSE:CL)

This company has been moved to the archive! The financial data has not been updated since July 28, 2023.

Analysis of Solvency Ratios

Microsoft Excel

Solvency Ratios (Summary)

Colgate-Palmolive Co., solvency ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Debt Ratios
Debt to equity 21.86 11.90 10.23 67.07
Debt to equity (including operating lease liability) 23.12 12.86 11.06 72.50
Debt to capital 0.96 0.92 0.91 0.99 1.02
Debt to capital (including operating lease liability) 0.96 0.93 0.92 0.99 1.02
Debt to assets 0.56 0.48 0.48 0.52 0.52
Debt to assets (including operating lease liability) 0.59 0.52 0.52 0.56 0.52
Financial leverage 39.23 24.70 21.43 128.50
Coverage Ratios
Interest coverage 16.93 27.38 20.93 18.19 18.95
Fixed charge coverage 9.72 12.92 11.79 10.14 9.53

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Colgate-Palmolive Co. debt to equity ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Colgate-Palmolive Co. debt to equity ratio (including operating lease liability) deteriorated from 2020 to 2021 and from 2021 to 2022.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Colgate-Palmolive Co. debt to capital ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Colgate-Palmolive Co. debt to capital ratio (including operating lease liability) deteriorated from 2020 to 2021 and from 2021 to 2022.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Colgate-Palmolive Co. debt to assets ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Colgate-Palmolive Co. debt to assets ratio (including operating lease liability) deteriorated from 2020 to 2021 and from 2021 to 2022.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Colgate-Palmolive Co. financial leverage ratio increased from 2020 to 2021 and from 2021 to 2022.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Colgate-Palmolive Co. interest coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Colgate-Palmolive Co. fixed charge coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Debt to Equity

Colgate-Palmolive Co., debt to equity calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Notes and loans payable 11 39 258 260 12
Current portion of long-term debt 14 12 9 254
Long-term debt, excluding current portion 8,741 7,194 7,334 7,333 6,354
Total debt 8,766 7,245 7,601 7,847 6,366
 
Total Colgate-Palmolive Company shareholders’ equity 401 609 743 117 (102)
Solvency Ratio
Debt to equity1 21.86 11.90 10.23 67.07
Benchmarks
Debt to Equity, Competitors2
Procter & Gamble Co. 0.68 0.69 0.75 0.64 0.60
Debt to Equity, Industry
Consumer Staples 0.85 0.90 1.02 0.96

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Debt to equity = Total debt ÷ Total Colgate-Palmolive Company shareholders’ equity
= 8,766 ÷ 401 = 21.86

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Colgate-Palmolive Co. debt to equity ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Debt to Equity (including Operating Lease Liability)

Colgate-Palmolive Co., debt to equity (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Notes and loans payable 11 39 258 260 12
Current portion of long-term debt 14 12 9 254
Long-term debt, excluding current portion 8,741 7,194 7,334 7,333 6,354
Total debt 8,766 7,245 7,601 7,847 6,366
Operating lease liabilities due in one year 108 137 137 145
Long-term operating lease liabilities 397 451 476 491
Total debt (including operating lease liability) 9,271 7,833 8,214 8,483 6,366
 
Total Colgate-Palmolive Company shareholders’ equity 401 609 743 117 (102)
Solvency Ratio
Debt to equity (including operating lease liability)1 23.12 12.86 11.06 72.50
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Procter & Gamble Co. 0.69 0.71 0.77 0.64 0.60
Debt to Equity (including Operating Lease Liability), Industry
Consumer Staples 0.96 1.01 1.15 0.99

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Colgate-Palmolive Company shareholders’ equity
= 9,271 ÷ 401 = 23.12

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Colgate-Palmolive Co. debt to equity ratio (including operating lease liability) deteriorated from 2020 to 2021 and from 2021 to 2022.

Debt to Capital

Colgate-Palmolive Co., debt to capital calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Notes and loans payable 11 39 258 260 12
Current portion of long-term debt 14 12 9 254
Long-term debt, excluding current portion 8,741 7,194 7,334 7,333 6,354
Total debt 8,766 7,245 7,601 7,847 6,366
Total Colgate-Palmolive Company shareholders’ equity 401 609 743 117 (102)
Total capital 9,167 7,854 8,344 7,964 6,264
Solvency Ratio
Debt to capital1 0.96 0.92 0.91 0.99 1.02
Benchmarks
Debt to Capital, Competitors2
Procter & Gamble Co. 0.40 0.41 0.43 0.39 0.37
Debt to Capital, Industry
Consumer Staples 0.46 0.47 0.51 0.49

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 8,766 ÷ 9,167 = 0.96

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Colgate-Palmolive Co. debt to capital ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Debt to Capital (including Operating Lease Liability)

Colgate-Palmolive Co., debt to capital (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Notes and loans payable 11 39 258 260 12
Current portion of long-term debt 14 12 9 254
Long-term debt, excluding current portion 8,741 7,194 7,334 7,333 6,354
Total debt 8,766 7,245 7,601 7,847 6,366
Operating lease liabilities due in one year 108 137 137 145
Long-term operating lease liabilities 397 451 476 491
Total debt (including operating lease liability) 9,271 7,833 8,214 8,483 6,366
Total Colgate-Palmolive Company shareholders’ equity 401 609 743 117 (102)
Total capital (including operating lease liability) 9,672 8,442 8,957 8,600 6,264
Solvency Ratio
Debt to capital (including operating lease liability)1 0.96 0.93 0.92 0.99 1.02
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Procter & Gamble Co. 0.41 0.41 0.43 0.39 0.37
Debt to Capital (including Operating Lease Liability), Industry
Consumer Staples 0.49 0.50 0.54 0.50

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 9,271 ÷ 9,672 = 0.96

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Colgate-Palmolive Co. debt to capital ratio (including operating lease liability) deteriorated from 2020 to 2021 and from 2021 to 2022.

Debt to Assets

Colgate-Palmolive Co., debt to assets calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Notes and loans payable 11 39 258 260 12
Current portion of long-term debt 14 12 9 254
Long-term debt, excluding current portion 8,741 7,194 7,334 7,333 6,354
Total debt 8,766 7,245 7,601 7,847 6,366
 
Total assets 15,731 15,040 15,920 15,034 12,161
Solvency Ratio
Debt to assets1 0.56 0.48 0.48 0.52 0.52
Benchmarks
Debt to Assets, Competitors2
Procter & Gamble Co. 0.27 0.27 0.29 0.26 0.26
Debt to Assets, Industry
Consumer Staples 0.27 0.28 0.31 0.31

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 8,766 ÷ 15,731 = 0.56

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Colgate-Palmolive Co. debt to assets ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Debt to Assets (including Operating Lease Liability)

Colgate-Palmolive Co., debt to assets (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Notes and loans payable 11 39 258 260 12
Current portion of long-term debt 14 12 9 254
Long-term debt, excluding current portion 8,741 7,194 7,334 7,333 6,354
Total debt 8,766 7,245 7,601 7,847 6,366
Operating lease liabilities due in one year 108 137 137 145
Long-term operating lease liabilities 397 451 476 491
Total debt (including operating lease liability) 9,271 7,833 8,214 8,483 6,366
 
Total assets 15,731 15,040 15,920 15,034 12,161
Solvency Ratio
Debt to assets (including operating lease liability)1 0.59 0.52 0.52 0.56 0.52
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Procter & Gamble Co. 0.28 0.28 0.30 0.26 0.26
Debt to Assets (including Operating Lease Liability), Industry
Consumer Staples 0.30 0.31 0.35 0.32

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 9,271 ÷ 15,731 = 0.59

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Colgate-Palmolive Co. debt to assets ratio (including operating lease liability) deteriorated from 2020 to 2021 and from 2021 to 2022.

Financial Leverage

Colgate-Palmolive Co., financial leverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Total assets 15,731 15,040 15,920 15,034 12,161
Total Colgate-Palmolive Company shareholders’ equity 401 609 743 117 (102)
Solvency Ratio
Financial leverage1 39.23 24.70 21.43 128.50
Benchmarks
Financial Leverage, Competitors2
Procter & Gamble Co. 2.52 2.57 2.59 2.44 2.26
Financial Leverage, Industry
Consumer Staples 3.18 3.25 3.32 3.14

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Financial leverage = Total assets ÷ Total Colgate-Palmolive Company shareholders’ equity
= 15,731 ÷ 401 = 39.23

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Colgate-Palmolive Co. financial leverage ratio increased from 2020 to 2021 and from 2021 to 2022.

Interest Coverage

Colgate-Palmolive Co., interest coverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Net income attributable to Colgate-Palmolive Company 1,785 2,166 2,695 2,367 2,400
Add: Net income attributable to noncontrolling interest 182 172 165 160 158
Add: Income tax expense 693 749 787 774 906
Add: Interest expense 167 117 183 192 193
Earnings before interest and tax (EBIT) 2,827 3,204 3,830 3,493 3,657
Solvency Ratio
Interest coverage1 16.93 27.38 20.93 18.19 18.95
Benchmarks
Interest Coverage, Competitors2
Procter & Gamble Co. 41.99 36.09 35.05 12.92 27.34
Interest Coverage, Industry
Consumer Staples 15.60 10.87 11.15 9.28

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Interest coverage = EBIT ÷ Interest expense
= 2,827 ÷ 167 = 16.93

2 Click competitor name to see calculations.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Colgate-Palmolive Co. interest coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Fixed Charge Coverage

Colgate-Palmolive Co., fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Net income attributable to Colgate-Palmolive Company 1,785 2,166 2,695 2,367 2,400
Add: Net income attributable to noncontrolling interest 182 172 165 160 158
Add: Income tax expense 693 749 787 774 906
Add: Interest expense 167 117 183 192 193
Earnings before interest and tax (EBIT) 2,827 3,204 3,830 3,493 3,657
Add: Operating lease cost 138 142 155 169 213
Earnings before fixed charges and tax 2,965 3,346 3,985 3,662 3,870
 
Interest expense 167 117 183 192 193
Operating lease cost 138 142 155 169 213
Fixed charges 305 259 338 361 406
Solvency Ratio
Fixed charge coverage1 9.72 12.92 11.79 10.14 9.53
Benchmarks
Fixed Charge Coverage, Competitors2
Procter & Gamble Co. 16.98 15.83 14.54 5.85 11.67
Fixed Charge Coverage, Industry
Consumer Staples 8.71 7.00 6.81 5.41

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 2,965 ÷ 305 = 9.72

2 Click competitor name to see calculations.

Solvency ratio Description The company
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Colgate-Palmolive Co. fixed charge coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.