Stock Analysis on Net
Stock Analysis on Net

Estée Lauder Cos. Inc. (NYSE:EL)

Analysis of Solvency Ratios
Quarterly Data

Beginner level

Solvency Ratios (Summary)

Estée Lauder Cos. Inc., solvency ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014
Debt Ratios
Debt to equity 1.21 1.56 1.43 1.13 0.75 0.78 0.74 0.79 0.80 0.76 0.78 0.83 0.83 0.81 0.95 1.06 0.68 0.63 0.51 0.55 0.59 0.45 0.38 0.36 0.35
Debt to equity (including operating lease liability) 1.82 2.23 2.05 1.72 1.35 0.78 0.74 0.79 0.80 0.76 0.78 0.83 0.83 0.81 0.95 1.06 0.68 0.63 0.51 0.55 0.59 0.45 0.38 0.36 0.35
Debt to capital 0.55 0.61 0.59 0.53 0.43 0.44 0.43 0.44 0.45 0.43 0.44 0.45 0.45 0.45 0.49 0.52 0.41 0.39 0.34 0.35 0.37 0.31 0.27 0.27 0.26
Debt to capital (including operating lease liability) 0.65 0.69 0.67 0.63 0.57 0.44 0.43 0.44 0.45 0.43 0.44 0.45 0.45 0.45 0.49 0.52 0.41 0.39 0.34 0.35 0.37 0.31 0.27 0.27 0.26
Debt to assets 0.30 0.35 0.34 0.29 0.22 0.26 0.26 0.27 0.28 0.28 0.29 0.30 0.32 0.31 0.34 0.36 0.27 0.24 0.22 0.23 0.25 0.20 0.18 0.18 0.17
Debt to assets (including operating lease liability) 0.45 0.49 0.48 0.44 0.40 0.26 0.26 0.27 0.28 0.28 0.29 0.30 0.32 0.31 0.34 0.36 0.27 0.24 0.22 0.23 0.25 0.20 0.18 0.18 0.17
Financial leverage 4.02 4.52 4.24 3.92 3.41 3.00 2.82 2.94 2.85 2.68 2.71 2.76 2.58 2.64 2.78 2.96 2.56 2.58 2.31 2.38 2.41 2.26 2.10 2.06 2.03
Coverage Ratios
Interest coverage 6.50 7.50 13.85 19.63 19.58 18.35 18.81 16.84 16.76 16.47 16.05 16.07 16.60 16.70 18.19 19.89 21.36 23.00 25.50 26.80 27.72 27.01

Based on: 10-Q (filing date: 2020-11-02), 10-K (filing date: 2020-08-28), 10-Q (filing date: 2020-05-01), 10-Q (filing date: 2020-02-06), 10-Q (filing date: 2019-10-31), 10-K (filing date: 2019-08-23), 10-Q (filing date: 2019-05-01), 10-Q (filing date: 2019-02-05), 10-Q (filing date: 2018-10-31), 10-K (filing date: 2018-08-24), 10-Q (filing date: 2018-05-02), 10-Q (filing date: 2018-02-02), 10-Q (filing date: 2017-11-01), 10-K (filing date: 2017-08-25), 10-Q (filing date: 2017-05-03), 10-Q (filing date: 2017-02-02), 10-Q (filing date: 2016-11-02), 10-K (filing date: 2016-08-24), 10-Q (filing date: 2016-05-03), 10-Q (filing date: 2016-02-05), 10-Q (filing date: 2015-11-02), 10-K (filing date: 2015-08-20), 10-Q (filing date: 2015-05-05), 10-Q (filing date: 2015-02-05), 10-Q (filing date: 2014-11-04).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Estée Lauder Cos. Inc.’s debt to equity ratio deteriorated from Q3 2020 to Q4 2020 but then improved from Q4 2020 to Q1 2021 exceeding Q3 2020 level.
Debt to equity (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Estée Lauder Cos. Inc.’s debt to equity ratio (including operating lease liability) deteriorated from Q3 2020 to Q4 2020 but then improved from Q4 2020 to Q1 2021 exceeding Q3 2020 level.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Estée Lauder Cos. Inc.’s debt to capital ratio deteriorated from Q3 2020 to Q4 2020 but then improved from Q4 2020 to Q1 2021 exceeding Q3 2020 level.
Debt to capital (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Estée Lauder Cos. Inc.’s debt to capital ratio (including operating lease liability) deteriorated from Q3 2020 to Q4 2020 but then improved from Q4 2020 to Q1 2021 exceeding Q3 2020 level.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Estée Lauder Cos. Inc.’s debt to assets ratio deteriorated from Q3 2020 to Q4 2020 but then improved from Q4 2020 to Q1 2021 exceeding Q3 2020 level.
Debt to assets (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Estée Lauder Cos. Inc.’s debt to assets ratio (including operating lease liability) deteriorated from Q3 2020 to Q4 2020 but then improved from Q4 2020 to Q1 2021 exceeding Q3 2020 level.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Estée Lauder Cos. Inc.’s financial leverage ratio increased from Q3 2020 to Q4 2020 but then decreased significantly from Q4 2020 to Q1 2021.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Estée Lauder Cos. Inc.’s interest coverage ratio deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Debt to Equity

Estée Lauder Cos. Inc., debt to equity calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014
Selected Financial Data (US$ in millions)
Current debt 473  1,222  1,527  522  520  516  516  18  183  183  296  413  552  189  519  2,143  592  332  313  374  454  30  135  69  14 
Long-term debt, excluding current maturities 4,913  4,914  4,674  4,662  2,895  2,896  2,883  3,373  3,361  3,361  3,363  3,374  3,383  3,383  3,377  1,890  1,908  1,910  1,613  1,607  1,613  1,608  1,318  1,321  1,319 
Total debt 5,386  6,136  6,201  5,184  3,415  3,412  3,399  3,391  3,544  3,544  3,659  3,787  3,935  3,572  3,896  4,033  2,500  2,242  1,925  1,982  2,066  1,637  1,453  1,389  1,333 
 
Stockholders’ equity, The Estée Lauder Companies Inc. 4,452  3,935  4,329  4,574  4,530  4,386  4,588  4,306  4,406  4,688  4,711  4,565  4,731  4,384  4,119  3,793  3,657  3,572  3,812  3,604  3,490  3,643  3,855  3,818  3,780 
Solvency Ratio
Debt to equity1 1.21 1.56 1.43 1.13 0.75 0.78 0.74 0.79 0.80 0.76 0.78 0.83 0.83 0.81 0.95 1.06 0.68 0.63 0.51 0.55 0.59 0.45 0.38 0.36 0.35
Benchmarks
Debt to Equity, Competitors2
Colgate-Palmolive Co. 11.08 27.58 67.07 26.63 14.72 13.32
Kimberly-Clark Corp. 24.98 30.12 24.23 11.80 29.52 78.66 57.01 25.58 39.17 72.50 140.46 14.73 40.06
Nike Inc. 1.03 1.20 0.38 0.40 0.40 0.38 0.39 0.40 0.39 0.39 0.36 0.40 0.32 0.31 0.28 0.29 0.17 0.17 0.17 0.16 0.09 0.10 0.10 0.11 0.12

Based on: 10-Q (filing date: 2020-11-02), 10-K (filing date: 2020-08-28), 10-Q (filing date: 2020-05-01), 10-Q (filing date: 2020-02-06), 10-Q (filing date: 2019-10-31), 10-K (filing date: 2019-08-23), 10-Q (filing date: 2019-05-01), 10-Q (filing date: 2019-02-05), 10-Q (filing date: 2018-10-31), 10-K (filing date: 2018-08-24), 10-Q (filing date: 2018-05-02), 10-Q (filing date: 2018-02-02), 10-Q (filing date: 2017-11-01), 10-K (filing date: 2017-08-25), 10-Q (filing date: 2017-05-03), 10-Q (filing date: 2017-02-02), 10-Q (filing date: 2016-11-02), 10-K (filing date: 2016-08-24), 10-Q (filing date: 2016-05-03), 10-Q (filing date: 2016-02-05), 10-Q (filing date: 2015-11-02), 10-K (filing date: 2015-08-20), 10-Q (filing date: 2015-05-05), 10-Q (filing date: 2015-02-05), 10-Q (filing date: 2014-11-04).

1 Q1 2021 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity, The Estée Lauder Companies Inc.
= 5,386 ÷ 4,452 = 1.21

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. Estée Lauder Cos. Inc.’s debt to equity ratio deteriorated from Q3 2020 to Q4 2020 but then improved from Q4 2020 to Q1 2021 exceeding Q3 2020 level.

Debt to Equity (including Operating Lease Liability)

Estée Lauder Cos. Inc., debt to equity (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014
Selected Financial Data (US$ in millions)
Current debt 473  1,222  1,527  522  520  516  516  18  183  183  296  413  552  189  519  2,143  592  332  313  374  454  30  135  69  14 
Long-term debt, excluding current maturities 4,913  4,914  4,674  4,662  2,895  2,896  2,883  3,373  3,361  3,361  3,363  3,374  3,383  3,383  3,377  1,890  1,908  1,910  1,613  1,607  1,613  1,608  1,318  1,321  1,319 
Total debt 5,386  6,136  6,201  5,184  3,415  3,412  3,399  3,391  3,544  3,544  3,659  3,787  3,935  3,572  3,896  4,033  2,500  2,242  1,925  1,982  2,066  1,637  1,453  1,389  1,333 
Current operating lease liabilities 399  375  371  369  346  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term operating lease liabilities 2,309  2,278  2,288  2,318  2,335  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 8,094  8,789  8,860  7,871  6,096  3,412  3,399  3,391  3,544  3,544  3,659  3,787  3,935  3,572  3,896  4,033  2,500  2,242  1,925  1,982  2,066  1,637  1,453  1,389  1,333 
 
Stockholders’ equity, The Estée Lauder Companies Inc. 4,452  3,935  4,329  4,574  4,530  4,386  4,588  4,306  4,406  4,688  4,711  4,565  4,731  4,384  4,119  3,793  3,657  3,572  3,812  3,604  3,490  3,643  3,855  3,818  3,780 
Solvency Ratio
Debt to equity (including operating lease liability)1 1.82 2.23 2.05 1.72 1.35 0.78 0.74 0.79 0.80 0.76 0.78 0.83 0.83 0.81 0.95 1.06 0.68 0.63 0.51 0.55 0.59 0.45 0.38 0.36 0.35
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Nike Inc. 1.41 1.62 0.74 0.74 0.74 0.38 0.39 0.40 0.39 0.39 0.36 0.40 0.32 0.31 0.28 0.29 0.17 0.17 0.17 0.16 0.09 0.10 0.10 0.11 0.12

Based on: 10-Q (filing date: 2020-11-02), 10-K (filing date: 2020-08-28), 10-Q (filing date: 2020-05-01), 10-Q (filing date: 2020-02-06), 10-Q (filing date: 2019-10-31), 10-K (filing date: 2019-08-23), 10-Q (filing date: 2019-05-01), 10-Q (filing date: 2019-02-05), 10-Q (filing date: 2018-10-31), 10-K (filing date: 2018-08-24), 10-Q (filing date: 2018-05-02), 10-Q (filing date: 2018-02-02), 10-Q (filing date: 2017-11-01), 10-K (filing date: 2017-08-25), 10-Q (filing date: 2017-05-03), 10-Q (filing date: 2017-02-02), 10-Q (filing date: 2016-11-02), 10-K (filing date: 2016-08-24), 10-Q (filing date: 2016-05-03), 10-Q (filing date: 2016-02-05), 10-Q (filing date: 2015-11-02), 10-K (filing date: 2015-08-20), 10-Q (filing date: 2015-05-05), 10-Q (filing date: 2015-02-05), 10-Q (filing date: 2014-11-04).

1 Q1 2021 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity, The Estée Lauder Companies Inc.
= 8,094 ÷ 4,452 = 1.82

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Estée Lauder Cos. Inc.’s debt to equity ratio (including operating lease liability) deteriorated from Q3 2020 to Q4 2020 but then improved from Q4 2020 to Q1 2021 exceeding Q3 2020 level.

Debt to Capital

Estée Lauder Cos. Inc., debt to capital calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014
Selected Financial Data (US$ in millions)
Current debt 473  1,222  1,527  522  520  516  516  18  183  183  296  413  552  189  519  2,143  592  332  313  374  454  30  135  69  14 
Long-term debt, excluding current maturities 4,913  4,914  4,674  4,662  2,895  2,896  2,883  3,373  3,361  3,361  3,363  3,374  3,383  3,383  3,377  1,890  1,908  1,910  1,613  1,607  1,613  1,608  1,318  1,321  1,319 
Total debt 5,386  6,136  6,201  5,184  3,415  3,412  3,399  3,391  3,544  3,544  3,659  3,787  3,935  3,572  3,896  4,033  2,500  2,242  1,925  1,982  2,066  1,637  1,453  1,389  1,333 
Stockholders’ equity, The Estée Lauder Companies Inc. 4,452  3,935  4,329  4,574  4,530  4,386  4,588  4,306  4,406  4,688  4,711  4,565  4,731  4,384  4,119  3,793  3,657  3,572  3,812  3,604  3,490  3,643  3,855  3,818  3,780 
Total capital 9,838  10,071  10,530  9,758  7,945  7,798  7,987  7,697  7,950  8,232  8,370  8,352  8,666  7,956  8,015  7,826  6,157  5,813  5,737  5,586  5,557  5,281  5,308  5,207  5,113 
Solvency Ratio
Debt to capital1 0.55 0.61 0.59 0.53 0.43 0.44 0.43 0.44 0.45 0.43 0.44 0.45 0.45 0.45 0.49 0.52 0.41 0.39 0.34 0.35 0.37 0.31 0.27 0.27 0.26
Benchmarks
Debt to Capital, Competitors2
Colgate-Palmolive Co. 0.92 0.97 1.01 0.99 1.04 1.06 1.09 1.02 1.07 1.08 1.04 1.01 1.02 1.04 1.05 1.04 1.02 1.04 1.06 1.05 0.96 0.94 0.93
Kimberly-Clark Corp. 0.96 0.97 1.02 1.00 1.02 1.02 1.04 1.04 1.02 1.01 0.96 0.92 0.97 0.99 0.98 1.01 0.96 0.98 0.99 1.02 0.99 0.94 0.98
Nike Inc. 0.51 0.55 0.28 0.29 0.29 0.28 0.28 0.29 0.28 0.28 0.26 0.29 0.24 0.23 0.22 0.22 0.14 0.14 0.14 0.14 0.09 0.09 0.09 0.10 0.11

Based on: 10-Q (filing date: 2020-11-02), 10-K (filing date: 2020-08-28), 10-Q (filing date: 2020-05-01), 10-Q (filing date: 2020-02-06), 10-Q (filing date: 2019-10-31), 10-K (filing date: 2019-08-23), 10-Q (filing date: 2019-05-01), 10-Q (filing date: 2019-02-05), 10-Q (filing date: 2018-10-31), 10-K (filing date: 2018-08-24), 10-Q (filing date: 2018-05-02), 10-Q (filing date: 2018-02-02), 10-Q (filing date: 2017-11-01), 10-K (filing date: 2017-08-25), 10-Q (filing date: 2017-05-03), 10-Q (filing date: 2017-02-02), 10-Q (filing date: 2016-11-02), 10-K (filing date: 2016-08-24), 10-Q (filing date: 2016-05-03), 10-Q (filing date: 2016-02-05), 10-Q (filing date: 2015-11-02), 10-K (filing date: 2015-08-20), 10-Q (filing date: 2015-05-05), 10-Q (filing date: 2015-02-05), 10-Q (filing date: 2014-11-04).

1 Q1 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= 5,386 ÷ 9,838 = 0.55

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. Estée Lauder Cos. Inc.’s debt to capital ratio deteriorated from Q3 2020 to Q4 2020 but then improved from Q4 2020 to Q1 2021 exceeding Q3 2020 level.

Debt to Capital (including Operating Lease Liability)

Estée Lauder Cos. Inc., debt to capital (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014
Selected Financial Data (US$ in millions)
Current debt 473  1,222  1,527  522  520  516  516  18  183  183  296  413  552  189  519  2,143  592  332  313  374  454  30  135  69  14 
Long-term debt, excluding current maturities 4,913  4,914  4,674  4,662  2,895  2,896  2,883  3,373  3,361  3,361  3,363  3,374  3,383  3,383  3,377  1,890  1,908  1,910  1,613  1,607  1,613  1,608  1,318  1,321  1,319 
Total debt 5,386  6,136  6,201  5,184  3,415  3,412  3,399  3,391  3,544  3,544  3,659  3,787  3,935  3,572  3,896  4,033  2,500  2,242  1,925  1,982  2,066  1,637  1,453  1,389  1,333 
Current operating lease liabilities 399  375  371  369  346  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term operating lease liabilities 2,309  2,278  2,288  2,318  2,335  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 8,094  8,789  8,860  7,871  6,096  3,412  3,399  3,391  3,544  3,544  3,659  3,787  3,935  3,572  3,896  4,033  2,500  2,242  1,925  1,982  2,066  1,637  1,453  1,389  1,333 
Stockholders’ equity, The Estée Lauder Companies Inc. 4,452  3,935  4,329  4,574  4,530  4,386  4,588  4,306  4,406  4,688  4,711  4,565  4,731  4,384  4,119  3,793  3,657  3,572  3,812  3,604  3,490  3,643  3,855  3,818  3,780 
Total capital (including operating lease liability) 12,546  12,724  13,189  12,445  10,626  7,798  7,987  7,697  7,950  8,232  8,370  8,352  8,666  7,956  8,015  7,826  6,157  5,813  5,737  5,586  5,557  5,281  5,308  5,207  5,113 
Solvency Ratio
Debt to capital (including operating lease liability)1 0.65 0.69 0.67 0.63 0.57 0.44 0.43 0.44 0.45 0.43 0.44 0.45 0.45 0.45 0.49 0.52 0.41 0.39 0.34 0.35 0.37 0.31 0.27 0.27 0.26
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Nike Inc. 0.58 0.62 0.42 0.43 0.43 0.28 0.28 0.29 0.28 0.28 0.26 0.29 0.24 0.23 0.22 0.22 0.14 0.14 0.14 0.14 0.09 0.09 0.09 0.10 0.11

Based on: 10-Q (filing date: 2020-11-02), 10-K (filing date: 2020-08-28), 10-Q (filing date: 2020-05-01), 10-Q (filing date: 2020-02-06), 10-Q (filing date: 2019-10-31), 10-K (filing date: 2019-08-23), 10-Q (filing date: 2019-05-01), 10-Q (filing date: 2019-02-05), 10-Q (filing date: 2018-10-31), 10-K (filing date: 2018-08-24), 10-Q (filing date: 2018-05-02), 10-Q (filing date: 2018-02-02), 10-Q (filing date: 2017-11-01), 10-K (filing date: 2017-08-25), 10-Q (filing date: 2017-05-03), 10-Q (filing date: 2017-02-02), 10-Q (filing date: 2016-11-02), 10-K (filing date: 2016-08-24), 10-Q (filing date: 2016-05-03), 10-Q (filing date: 2016-02-05), 10-Q (filing date: 2015-11-02), 10-K (filing date: 2015-08-20), 10-Q (filing date: 2015-05-05), 10-Q (filing date: 2015-02-05), 10-Q (filing date: 2014-11-04).

1 Q1 2021 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 8,094 ÷ 12,546 = 0.65

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Estée Lauder Cos. Inc.’s debt to capital ratio (including operating lease liability) deteriorated from Q3 2020 to Q4 2020 but then improved from Q4 2020 to Q1 2021 exceeding Q3 2020 level.

Debt to Assets

Estée Lauder Cos. Inc., debt to assets calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014
Selected Financial Data (US$ in millions)
Current debt 473  1,222  1,527  522  520  516  516  18  183  183  296  413  552  189  519  2,143  592  332  313  374  454  30  135  69  14 
Long-term debt, excluding current maturities 4,913  4,914  4,674  4,662  2,895  2,896  2,883  3,373  3,361  3,361  3,363  3,374  3,383  3,383  3,377  1,890  1,908  1,910  1,613  1,607  1,613  1,608  1,318  1,321  1,319 
Total debt 5,386  6,136  6,201  5,184  3,415  3,412  3,399  3,391  3,544  3,544  3,659  3,787  3,935  3,572  3,896  4,033  2,500  2,242  1,925  1,982  2,066  1,637  1,453  1,389  1,333 
 
Total assets 17,903  17,781  18,363  17,937  15,431  13,156  12,931  12,676  12,543  12,567  12,772  12,604  12,202  11,568  11,445  11,212  9,348  9,223  8,816  8,582  8,425  8,239  8,095  7,857  7,664 
Solvency Ratio
Debt to assets1 0.30 0.35 0.34 0.29 0.22 0.26 0.26 0.27 0.28 0.28 0.29 0.30 0.32 0.31 0.34 0.36 0.27 0.24 0.22 0.23 0.25 0.20 0.18 0.18 0.17
Benchmarks
Debt to Assets, Competitors2
Colgate-Palmolive Co. 0.47 0.49 0.52 0.52 0.54 0.51 0.52 0.52 0.53 0.54 0.51 0.52 0.51 0.52 0.52 0.54 0.52 0.53 0.53 0.55 0.50 0.49 0.47
Kimberly-Clark Corp. 0.51 0.50 0.54 0.51 0.52 0.52 0.52 0.51 0.52 0.51 0.50 0.49 0.51 0.53 0.53 0.52 0.51 0.52 0.53 0.52 0.51 0.50 0.51
Nike Inc. 0.29 0.31 0.13 0.14 0.14 0.15 0.15 0.15 0.16 0.17 0.15 0.20 0.16 0.16 0.15 0.16 0.10 0.10 0.10 0.10 0.06 0.06 0.06 0.07 0.07

Based on: 10-Q (filing date: 2020-11-02), 10-K (filing date: 2020-08-28), 10-Q (filing date: 2020-05-01), 10-Q (filing date: 2020-02-06), 10-Q (filing date: 2019-10-31), 10-K (filing date: 2019-08-23), 10-Q (filing date: 2019-05-01), 10-Q (filing date: 2019-02-05), 10-Q (filing date: 2018-10-31), 10-K (filing date: 2018-08-24), 10-Q (filing date: 2018-05-02), 10-Q (filing date: 2018-02-02), 10-Q (filing date: 2017-11-01), 10-K (filing date: 2017-08-25), 10-Q (filing date: 2017-05-03), 10-Q (filing date: 2017-02-02), 10-Q (filing date: 2016-11-02), 10-K (filing date: 2016-08-24), 10-Q (filing date: 2016-05-03), 10-Q (filing date: 2016-02-05), 10-Q (filing date: 2015-11-02), 10-K (filing date: 2015-08-20), 10-Q (filing date: 2015-05-05), 10-Q (filing date: 2015-02-05), 10-Q (filing date: 2014-11-04).

1 Q1 2021 Calculation
Debt to assets = Total debt ÷ Total assets
= 5,386 ÷ 17,903 = 0.30

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. Estée Lauder Cos. Inc.’s debt to assets ratio deteriorated from Q3 2020 to Q4 2020 but then improved from Q4 2020 to Q1 2021 exceeding Q3 2020 level.

Debt to Assets (including Operating Lease Liability)

Estée Lauder Cos. Inc., debt to assets (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014
Selected Financial Data (US$ in millions)
Current debt 473  1,222  1,527  522  520  516  516  18  183  183  296  413  552  189  519  2,143  592  332  313  374  454  30  135  69  14 
Long-term debt, excluding current maturities 4,913  4,914  4,674  4,662  2,895  2,896  2,883  3,373  3,361  3,361  3,363  3,374  3,383  3,383  3,377  1,890  1,908  1,910  1,613  1,607  1,613  1,608  1,318  1,321  1,319 
Total debt 5,386  6,136  6,201  5,184  3,415  3,412  3,399  3,391  3,544  3,544  3,659  3,787  3,935  3,572  3,896  4,033  2,500  2,242  1,925  1,982  2,066  1,637  1,453  1,389  1,333 
Current operating lease liabilities 399  375  371  369  346  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term operating lease liabilities 2,309  2,278  2,288  2,318  2,335  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 8,094  8,789  8,860  7,871  6,096  3,412  3,399  3,391  3,544  3,544  3,659  3,787  3,935  3,572  3,896  4,033  2,500  2,242  1,925  1,982  2,066  1,637  1,453  1,389  1,333 
 
Total assets 17,903  17,781  18,363  17,937  15,431  13,156  12,931  12,676  12,543  12,567  12,772  12,604  12,202  11,568  11,445  11,212  9,348  9,223  8,816  8,582  8,425  8,239  8,095  7,857  7,664 
Solvency Ratio
Debt to assets (including operating lease liability)1 0.45 0.49 0.48 0.44 0.40 0.26 0.26 0.27 0.28 0.28 0.29 0.30 0.32 0.31 0.34 0.36 0.27 0.24 0.22 0.23 0.25 0.20 0.18 0.18 0.17
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Nike Inc. 0.39 0.42 0.25 0.26 0.26 0.15 0.15 0.15 0.16 0.17 0.15 0.20 0.16 0.16 0.15 0.16 0.10 0.10 0.10 0.10 0.06 0.06 0.06 0.07 0.07

Based on: 10-Q (filing date: 2020-11-02), 10-K (filing date: 2020-08-28), 10-Q (filing date: 2020-05-01), 10-Q (filing date: 2020-02-06), 10-Q (filing date: 2019-10-31), 10-K (filing date: 2019-08-23), 10-Q (filing date: 2019-05-01), 10-Q (filing date: 2019-02-05), 10-Q (filing date: 2018-10-31), 10-K (filing date: 2018-08-24), 10-Q (filing date: 2018-05-02), 10-Q (filing date: 2018-02-02), 10-Q (filing date: 2017-11-01), 10-K (filing date: 2017-08-25), 10-Q (filing date: 2017-05-03), 10-Q (filing date: 2017-02-02), 10-Q (filing date: 2016-11-02), 10-K (filing date: 2016-08-24), 10-Q (filing date: 2016-05-03), 10-Q (filing date: 2016-02-05), 10-Q (filing date: 2015-11-02), 10-K (filing date: 2015-08-20), 10-Q (filing date: 2015-05-05), 10-Q (filing date: 2015-02-05), 10-Q (filing date: 2014-11-04).

1 Q1 2021 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 8,094 ÷ 17,903 = 0.45

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Estée Lauder Cos. Inc.’s debt to assets ratio (including operating lease liability) deteriorated from Q3 2020 to Q4 2020 but then improved from Q4 2020 to Q1 2021 exceeding Q3 2020 level.

Financial Leverage

Estée Lauder Cos. Inc., financial leverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014
Selected Financial Data (US$ in millions)
Total assets 17,903  17,781  18,363  17,937  15,431  13,156  12,931  12,676  12,543  12,567  12,772  12,604  12,202  11,568  11,445  11,212  9,348  9,223  8,816  8,582  8,425  8,239  8,095  7,857  7,664 
Stockholders’ equity, The Estée Lauder Companies Inc. 4,452  3,935  4,329  4,574  4,530  4,386  4,588  4,306  4,406  4,688  4,711  4,565  4,731  4,384  4,119  3,793  3,657  3,572  3,812  3,604  3,490  3,643  3,855  3,818  3,780 
Solvency Ratio
Financial leverage1 4.02 4.52 4.24 3.92 3.41 3.00 2.82 2.94 2.85 2.68 2.71 2.76 2.58 2.64 2.78 2.96 2.56 2.58 2.31 2.38 2.41 2.26 2.10 2.06 2.03
Benchmarks
Financial Leverage, Competitors2
Colgate-Palmolive Co. 23.68 56.50 128.50 53.19 30.09 28.60
Kimberly-Clark Corp. 49.35 60.35 48.27 24.09 58.10 147.75 108.51 49.83 75.36 135.96 276.44 29.74 77.99
Nike Inc. 3.61 3.89 2.90 2.84 2.85 2.62 2.56 2.60 2.50 2.30 2.31 2.05 1.97 1.87 1.82 1.84 1.74 1.75 1.71 1.68 1.61 1.70 1.66 1.64 1.67

Based on: 10-Q (filing date: 2020-11-02), 10-K (filing date: 2020-08-28), 10-Q (filing date: 2020-05-01), 10-Q (filing date: 2020-02-06), 10-Q (filing date: 2019-10-31), 10-K (filing date: 2019-08-23), 10-Q (filing date: 2019-05-01), 10-Q (filing date: 2019-02-05), 10-Q (filing date: 2018-10-31), 10-K (filing date: 2018-08-24), 10-Q (filing date: 2018-05-02), 10-Q (filing date: 2018-02-02), 10-Q (filing date: 2017-11-01), 10-K (filing date: 2017-08-25), 10-Q (filing date: 2017-05-03), 10-Q (filing date: 2017-02-02), 10-Q (filing date: 2016-11-02), 10-K (filing date: 2016-08-24), 10-Q (filing date: 2016-05-03), 10-Q (filing date: 2016-02-05), 10-Q (filing date: 2015-11-02), 10-K (filing date: 2015-08-20), 10-Q (filing date: 2015-05-05), 10-Q (filing date: 2015-02-05), 10-Q (filing date: 2014-11-04).

1 Q1 2021 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity, The Estée Lauder Companies Inc.
= 17,903 ÷ 4,452 = 4.02

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. Estée Lauder Cos. Inc.’s financial leverage ratio increased from Q3 2020 to Q4 2020 but then decreased significantly from Q4 2020 to Q1 2021.

Interest Coverage

Estée Lauder Cos. Inc., interest coverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014
Selected Financial Data (US$ in millions)
Net earnings (loss) attributable to The Estée Lauder Companies Inc. 523  (462) (6) 557  595  157  555  573  500  186  372  123  427  229  298  428  294  94  266  446  309  153  272  436  228 
Add: Net income attributable to noncontrolling interest
Add: Income tax expense 146  (146) 84  250  162  41  170  171  131  73  106  565  119  (23) 107  170  107  35  104  167  128  65  112  184  106 
Add: Interest expense 45  49  42  38  32  32  32  35  34  32  33  32  31  32  28  22  21  19  18  17  17  15  15  15  15 
Earnings before interest and tax (EBIT) 716  (556) 122  849  792  231  759  783  667  293  513  722  580  239  435  622  424  149  388  633  456  234  400  637  350 
Solvency Ratio
Interest coverage1 6.50 7.50 13.85 19.63 19.58 18.35 18.81 16.84 16.76 16.47 16.05 16.07 16.60 16.70 18.19 19.89 21.36 23.00 25.50 26.80 27.72 27.01
Benchmarks
Interest Coverage, Competitors2
Kimberly-Clark Corp. 13.05 13.94 12.81 11.62 10.96 10.00 9.87 8.29 9.04 9.36 9.35 10.73 10.53 10.40 10.68 10.85 10.39 10.46 6.13 6.03

Based on: 10-Q (filing date: 2020-11-02), 10-K (filing date: 2020-08-28), 10-Q (filing date: 2020-05-01), 10-Q (filing date: 2020-02-06), 10-Q (filing date: 2019-10-31), 10-K (filing date: 2019-08-23), 10-Q (filing date: 2019-05-01), 10-Q (filing date: 2019-02-05), 10-Q (filing date: 2018-10-31), 10-K (filing date: 2018-08-24), 10-Q (filing date: 2018-05-02), 10-Q (filing date: 2018-02-02), 10-Q (filing date: 2017-11-01), 10-K (filing date: 2017-08-25), 10-Q (filing date: 2017-05-03), 10-Q (filing date: 2017-02-02), 10-Q (filing date: 2016-11-02), 10-K (filing date: 2016-08-24), 10-Q (filing date: 2016-05-03), 10-Q (filing date: 2016-02-05), 10-Q (filing date: 2015-11-02), 10-K (filing date: 2015-08-20), 10-Q (filing date: 2015-05-05), 10-Q (filing date: 2015-02-05), 10-Q (filing date: 2014-11-04).

1 Q1 2021 Calculation
Interest coverage = (EBITQ1 2021 + EBITQ4 2020 + EBITQ3 2020 + EBITQ2 2020) ÷ (Interest expenseQ1 2021 + Interest expenseQ4 2020 + Interest expenseQ3 2020 + Interest expenseQ2 2020)
= (716 + -556 + 122 + 849) ÷ (45 + 49 + 42 + 38) = 6.50

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. Estée Lauder Cos. Inc.’s interest coverage ratio deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.