Stock Analysis on Net

Colgate-Palmolive Co. (NYSE:CL)

$22.49

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

Analysis of Debt

Microsoft Excel

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Total Debt (Carrying Amount)

Colgate-Palmolive Co., balance sheet: debt

US$ in millions

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Notes and loans payable
Current portion of long-term debt
Long-term debt, excluding current portion
Total debt (carrying amount)

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).

Debt item Description The company
Total debt (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Colgate-Palmolive Co. total debt decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Total Debt (Fair Value)

Microsoft Excel
Dec 31, 2022
Selected Financial Data (US$ in millions)
Notes and loans payable
Long-term debt, including current portion
Total debt (fair value)
Financial Ratio
Debt, fair value to carrying amount ratio

Based on: 10-K (reporting date: 2022-12-31).


Weighted-average Interest Rate on Debt

Weighted average interest rate on debt:

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
Total

Based on: 10-K (reporting date: 2022-12-31).

1 US$ in millions

2 Weighted-average interest rate = 100 × ÷ =


Interest Costs Incurred

Colgate-Palmolive Co., interest costs incurred

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Interest expense
Interest capitalized
Interest incurred

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).

Debt item Description The company
Interest expense Amount of the cost of borrowed funds accounted for as interest expense for debt. Colgate-Palmolive Co. interest expense decreased from 2020 to 2021 but then increased from 2021 to 2022 not reaching 2020 level.
Interest capitalized Amount of interest costs capitalized disclosed as an adjusting item to interest costs incurred. Colgate-Palmolive Co. interest capitalized increased from 2020 to 2021 and from 2021 to 2022.
Interest incurred Total interest costs incurred during the period and either capitalized or charged against earnings. Colgate-Palmolive Co. interest incurred decreased from 2020 to 2021 but then increased from 2021 to 2022 not reaching 2020 level.

Adjusted Interest Coverage Ratio

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
Add: Net income attributable to noncontrolling interest
Add: Income tax expense
Add: Interest expense
Earnings before interest and tax (EBIT)
 
Interest incurred
Financial Ratio With and Without Capitalized Interest
Interest coverage ratio (without capitalized interest)1
Adjusted interest coverage ratio (with capitalized interest)2

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).

2022 Calculations

1 Interest coverage ratio (without capitalized interest) = EBIT ÷ Interest expense
= ÷ =

2 Adjusted interest coverage ratio (with capitalized interest) = EBIT ÷ Interest incurred
= ÷ =


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