Stock Analysis on Net

Kimberly-Clark Corp. (NYSE:KMB)

This company has been moved to the archive! The financial data has not been updated since April 23, 2021.

Analysis of Solvency Ratios

Microsoft Excel

Solvency Ratios (Summary)

Kimberly-Clark Corp., solvency ratios

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Debt Ratios
Debt to equity 13.36 11.80
Debt to equity (including operating lease liability) 14.25 11.80
Debt to capital 0.93 1.00 1.04 0.92 1.01
Debt to capital (including operating lease liability) 0.93 1.00 1.04 0.92 1.01
Debt to assets 0.48 0.51 0.51 0.49 0.52
Debt to assets (including operating lease liability) 0.51 0.53 0.51 0.49 0.52
Financial leverage 27.99 24.09
Coverage Ratios
Interest coverage 13.19 11.62 8.29 10.73 10.85
Fixed charge coverage 5.94 5.88 4.53 6.17 6.32

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Kimberly-Clark Corp. debt to capital ratio improved from 2018 to 2019 and from 2019 to 2020.
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. Kimberly-Clark Corp. debt to capital ratio (including operating lease liability) improved from 2018 to 2019 and from 2019 to 2020.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Kimberly-Clark Corp. debt to assets ratio improved from 2018 to 2019 and from 2019 to 2020.
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Kimberly-Clark Corp. debt to assets ratio (including operating lease liability) deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Kimberly-Clark Corp. interest coverage ratio improved from 2018 to 2019 and from 2019 to 2020.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Kimberly-Clark Corp. fixed charge coverage ratio improved from 2018 to 2019 and from 2019 to 2020.

Debt to Equity

Kimberly-Clark Corp., debt to equity calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Debt payable within one year 486 1,534 1,208 953 1,133
Long-term debt, excluding payable within one year 7,878 6,213 6,247 6,472 6,439
Total debt 8,364 7,747 7,455 7,425 7,572
 
Total Kimberly-Clark Corporation stockholders’ equity 626 (33) (287) 629 (102)
Solvency Ratio
Debt to equity1 13.36 11.80
Benchmarks
Debt to Equity, Competitors2
Procter & Gamble Co. 0.75 0.64 0.60
Debt to Equity, Industry
Consumer Staples 1.02 0.96

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Debt to equity = Total debt ÷ Total Kimberly-Clark Corporation stockholders’ equity
= 8,364 ÷ 626 = 13.36

2 Click competitor name to see calculations.


Debt to Equity (including Operating Lease Liability)

Kimberly-Clark Corp., debt to equity (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Debt payable within one year 486 1,534 1,208 953 1,133
Long-term debt, excluding payable within one year 7,878 6,213 6,247 6,472 6,439
Total debt 8,364 7,747 7,455 7,425 7,572
Current operating lease liabilities 133 130
Noncurrent operating lease liabilities (classified in Other liabilities) 423 274
Total debt (including operating lease liability) 8,920 8,151 7,455 7,425 7,572
 
Total Kimberly-Clark Corporation stockholders’ equity 626 (33) (287) 629 (102)
Solvency Ratio
Debt to equity (including operating lease liability)1 14.25 11.80
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Procter & Gamble Co. 0.77 0.64 0.60
Debt to Equity (including Operating Lease Liability), Industry
Consumer Staples 1.15 0.99

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Kimberly-Clark Corporation stockholders’ equity
= 8,920 ÷ 626 = 14.25

2 Click competitor name to see calculations.


Debt to Capital

Kimberly-Clark Corp., debt to capital calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Debt payable within one year 486 1,534 1,208 953 1,133
Long-term debt, excluding payable within one year 7,878 6,213 6,247 6,472 6,439
Total debt 8,364 7,747 7,455 7,425 7,572
Total Kimberly-Clark Corporation stockholders’ equity 626 (33) (287) 629 (102)
Total capital 8,990 7,714 7,168 8,054 7,470
Solvency Ratio
Debt to capital1 0.93 1.00 1.04 0.92 1.01
Benchmarks
Debt to Capital, Competitors2
Procter & Gamble Co. 0.43 0.39 0.37
Debt to Capital, Industry
Consumer Staples 0.51 0.49

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Debt to capital = Total debt ÷ Total capital
= 8,364 ÷ 8,990 = 0.93

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. Kimberly-Clark Corp. debt to capital ratio improved from 2018 to 2019 and from 2019 to 2020.

Debt to Capital (including Operating Lease Liability)

Kimberly-Clark Corp., debt to capital (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Debt payable within one year 486 1,534 1,208 953 1,133
Long-term debt, excluding payable within one year 7,878 6,213 6,247 6,472 6,439
Total debt 8,364 7,747 7,455 7,425 7,572
Current operating lease liabilities 133 130
Noncurrent operating lease liabilities (classified in Other liabilities) 423 274
Total debt (including operating lease liability) 8,920 8,151 7,455 7,425 7,572
Total Kimberly-Clark Corporation stockholders’ equity 626 (33) (287) 629 (102)
Total capital (including operating lease liability) 9,546 8,118 7,168 8,054 7,470
Solvency Ratio
Debt to capital (including operating lease liability)1 0.93 1.00 1.04 0.92 1.01
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Procter & Gamble Co. 0.43 0.39 0.37
Debt to Capital (including Operating Lease Liability), Industry
Consumer Staples 0.54 0.50

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 8,920 ÷ 9,546 = 0.93

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. Kimberly-Clark Corp. debt to capital ratio (including operating lease liability) improved from 2018 to 2019 and from 2019 to 2020.

Debt to Assets

Kimberly-Clark Corp., debt to assets calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Debt payable within one year 486 1,534 1,208 953 1,133
Long-term debt, excluding payable within one year 7,878 6,213 6,247 6,472 6,439
Total debt 8,364 7,747 7,455 7,425 7,572
 
Total assets 17,523 15,283 14,518 15,151 14,602
Solvency Ratio
Debt to assets1 0.48 0.51 0.51 0.49 0.52
Benchmarks
Debt to Assets, Competitors2
Procter & Gamble Co. 0.29 0.26 0.26
Debt to Assets, Industry
Consumer Staples 0.31 0.31

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Debt to assets = Total debt ÷ Total assets
= 8,364 ÷ 17,523 = 0.48

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. Kimberly-Clark Corp. debt to assets ratio improved from 2018 to 2019 and from 2019 to 2020.

Debt to Assets (including Operating Lease Liability)

Kimberly-Clark Corp., debt to assets (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Debt payable within one year 486 1,534 1,208 953 1,133
Long-term debt, excluding payable within one year 7,878 6,213 6,247 6,472 6,439
Total debt 8,364 7,747 7,455 7,425 7,572
Current operating lease liabilities 133 130
Noncurrent operating lease liabilities (classified in Other liabilities) 423 274
Total debt (including operating lease liability) 8,920 8,151 7,455 7,425 7,572
 
Total assets 17,523 15,283 14,518 15,151 14,602
Solvency Ratio
Debt to assets (including operating lease liability)1 0.51 0.53 0.51 0.49 0.52
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Procter & Gamble Co. 0.30 0.26 0.26
Debt to Assets (including Operating Lease Liability), Industry
Consumer Staples 0.35 0.32

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 8,920 ÷ 17,523 = 0.51

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. Kimberly-Clark Corp. debt to assets ratio (including operating lease liability) deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.

Financial Leverage

Kimberly-Clark Corp., financial leverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Total assets 17,523 15,283 14,518 15,151 14,602
Total Kimberly-Clark Corporation stockholders’ equity 626 (33) (287) 629 (102)
Solvency Ratio
Financial leverage1 27.99 24.09
Benchmarks
Financial Leverage, Competitors2
Procter & Gamble Co. 2.59 2.44 2.26
Financial Leverage, Industry
Consumer Staples 3.32 3.14

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Financial leverage = Total assets ÷ Total Kimberly-Clark Corporation stockholders’ equity
= 17,523 ÷ 626 = 27.99

2 Click competitor name to see calculations.


Interest Coverage

Kimberly-Clark Corp., interest coverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Net income attributable to Kimberly-Clark Corporation 2,352 2,157 1,410 2,278 2,166
Add: Net income attributable to noncontrolling interest 44 40 35 41 53
Add: Income tax expense 676 576 471 776 922
Add: Interest expense 252 261 263 318 319
Earnings before interest and tax (EBIT) 3,324 3,034 2,179 3,413 3,460
Solvency Ratio
Interest coverage1 13.19 11.62 8.29 10.73 10.85
Benchmarks
Interest Coverage, Competitors2
Procter & Gamble Co. 35.05 12.92 27.34
Interest Coverage, Industry
Consumer Staples 11.15 9.28

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Interest coverage = EBIT ÷ Interest expense
= 3,324 ÷ 252 = 13.19

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. Kimberly-Clark Corp. interest coverage ratio improved from 2018 to 2019 and from 2019 to 2020.

Fixed Charge Coverage

Kimberly-Clark Corp., fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Net income attributable to Kimberly-Clark Corporation 2,352 2,157 1,410 2,278 2,166
Add: Net income attributable to noncontrolling interest 44 40 35 41 53
Add: Income tax expense 676 576 471 776 922
Add: Interest expense 252 261 263 318 319
Earnings before interest and tax (EBIT) 3,324 3,034 2,179 3,413 3,460
Add: Operating lease cost 370 307 280 281 271
Earnings before fixed charges and tax 3,694 3,341 2,459 3,694 3,731
 
Interest expense 252 261 263 318 319
Operating lease cost 370 307 280 281 271
Fixed charges 622 568 543 599 590
Solvency Ratio
Fixed charge coverage1 5.94 5.88 4.53 6.17 6.32
Benchmarks
Fixed Charge Coverage, Competitors2
Procter & Gamble Co. 14.54 5.85 11.67
Fixed Charge Coverage, Industry
Consumer Staples 6.81 5.41

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 3,694 ÷ 622 = 5.94

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. Kimberly-Clark Corp. fixed charge coverage ratio improved from 2018 to 2019 and from 2019 to 2020.