Stock Analysis on Net
Stock Analysis on Net

Ecolab Inc. (NYSE:ECL)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 25, 2022.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Ecolab Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Short-term debt
Accounts payable
Compensation and benefits
Income taxes
Discounts and rebates
Dividends payable
Interest payable
Taxes payable, other than income
Derivative liabilities
Restructuring
Contract liability
Current operating lease liabilities
Other
Other current liabilities
Current liabilities
Long-term debt, excluding current maturities
Postretirement health care and pension benefits
Deferred income taxes
Noncurrent operating lease liabilities
Other liabilities
Noncurrent liabilities
Total liabilities
Common stock
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Treasury stock
Total Ecolab shareholders’ equity
Noncontrolling interest
Total equity
Total liabilities and equity

Based on: 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), 10-K (reporting date: 2017-12-31).

Short-term Debt
Short-term debt as a percentage of total liabilities and equity showed a notable decrease from 2.83% in 2017 to 0.10% in 2020, followed by a slight increase to 1.94% in 2021, indicating a reduction in reliance on short-term borrowing during the middle of the period, with a partial rebound afterward.
Accounts Payable
This liability remained relatively stable, with a mild upward trend from 5.90% in 2017 to 6.53% in 2021, suggesting consistent vendor credit use relative to the company's capital structure.
Compensation and Benefits
The proportion dedicated to compensation and benefits gently declined over the period, from 2.75% in 2017 to 2.40% in 2021, indicating possible cost control or improved efficiency in personnel expenses.
Income Taxes
The percentage of income taxes showed a downward trend from 0.92% in 2017 to 0.49% in 2021, suggesting either a lower taxable income relative to total capital or tax optimization measures.
Discounts and Rebates
This item remained relatively stable with minor fluctuations, peaking at 1.68% in 2020 before slightly declining to 1.61% in 2021, indicating steady promotional or pricing strategies.
Dividends Payable
Dividends payable showed a gradual increase between 2017 and 2020, peaking at 0.76%, before decreasing slightly to 0.69% in 2021, reflecting modestly increased shareholder distributions followed by stabilization.
Interest Payable
Interest payable remained low and stable, fluctuating marginally between 0.20% and 0.29%, indicating controlled short-term interest obligations throughout the timeframe.
Taxes Payable (Other than Income)
These liabilities increased from 0.65% in 2017 to a peak of 0.84% in 2020, before declining to 0.73% in 2021, suggesting some variability in non-income tax obligations.
Derivative Liabilities
Derivative liabilities decreased steadily from 0.31% in 2017, reaching near negligible levels by 2019 and 2020, with no reported value in 2021, indicating reduced exposure or activity in derivative instruments.
Restructuring
The restructuring liability increased significantly between 2017 and 2020, peaking at 0.54%, before declining sharply to 0.18% in 2021, suggesting a period of restructuring activities that largely concluded by the end of the period.
Contract Liability and Operating Lease Liabilities
Contract liabilities emerged in 2018 and increased slightly, stabilizing around 0.43-0.44%. Current and noncurrent operating lease liabilities appeared starting in 2019, with a declining trend over subsequent years, indicating adjustments in lease obligations or impacts of lease accounting standards.
Other Current Liabilities
These liabilities showed an increasing trend from 4.80% in 2017 to 6.56% in 2020, then decreased to 5.40% in 2021, suggesting a buildup and subsequent partial reduction in miscellaneous short-term obligations.
Total Current Liabilities
Total current liabilities fluctuated mildly, peaking at 18.36% in 2018 and declining to 16.76% in 2021, indicating modest variability but overall stable short-term liabilities relative to total capital.
Long-term Debt
Long-term debt excluding current maturities decreased from 33.86% in 2017 to 28.62% in 2019, before increasing sharply to 39.36% in 2021, implying a strategic increase in long-term borrowing in the latter years.
Postretirement Benefits
This liability showed variability, declining from 5.14% in 2017 to 4.22% in 2021 after peaking at 6.76% in 2020, reflecting changes in pension and healthcare obligations or actuarial valuations.
Deferred Income Taxes
Deferred income taxes increased slightly to 3.81% in 2018, then declined to a low of 2.67% in 2020, with a modest rebound to 2.93% in 2021, indicating changes in deferred tax positions correlating with earnings and tax planning.
Other Noncurrent Liabilities
Other liabilities showed a consistent decline from 2.08% in 2017 to 1.20% in 2021, signifying a reduction in miscellaneous long-term obligations.
Total Noncurrent Liabilities
Total noncurrent liabilities decreased from 44.29% in 2017 to 40.79% in 2019, then increased substantially to around 49% in 2020 and 2021, driven primarily by rising long-term debt and pension liabilities.
Total Liabilities
The overall liabilities percentage declined from 61.48% in 2017 to 58.19% in 2019, then increased sharply to about 65.8% in 2021, indicating increased leverage in recent years.
Common Stock and Additional Paid-in Capital
Common stock remained relatively stable, around 1.7%-2.0%, while additional paid-in capital increased from 27.23% in 2017 to a peak of 34.40% in 2020, before decreasing to 30.48% in 2021, reflecting equity injections or share-based compensation impacts.
Retained Earnings
Retained earnings increased steadily to 47.89% in 2019, then declined to 41.57% in 2021, suggesting accumulated profits grew but were partially offset by distributions or losses in later years.
Accumulated Other Comprehensive Loss
This negative component increased in magnitude from -8.23% in 2017 to a peak of -11.00% in 2020, then improved to -7.71% in 2021. This pattern indicates fluctuating losses in items excluded from net income, such as foreign exchange or pension adjustments.
Treasury Stock
The proportion of treasury stock increased in absolute value over the period, from -22.92% in 2017 to a peak of -36.85% in 2020, before decreasing to -31.99% in 2021, indicating active share repurchase programs, especially prominent in 2020.
Total Shareholders’ Equity
Total equity rose from 38.52% in 2017 to a high of 41.81% in 2019, before declining sharply to around 34.2% in 2020 and 2021, paralleling the increase in liabilities and the fluctuations in retained earnings and treasury stock.
Noncontrolling Interest
This interest showed a slight decline over the period, from 0.35% in 2017 to 0.14% in 2021, suggesting decreasing minority ownership stakes.
Summary
Overall, the data reflect a financial structure characterized by rising total liabilities and borrowing in recent years, especially long-term debt, accompanied by a decline in equity proportions. There is evidence of active capital management through share repurchases and equity adjustments. Operational liabilities remain relatively stable, while pension and lease-related liabilities vary, highlighting shifts in employee benefits and lease obligations. The company's balance sheet shows increased leverage and dynamic equity components between 2017 and 2021.