Stock Analysis on Net
AI Tokens
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.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Kimberly-Clark Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Mar 31, 2021 Dec 31, 2020 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
Debt payable within one year 7.40 2.77 3.13 5.26 7.90 10.04 10.34 8.41 12.50 8.32 12.25 11.95 10.45 6.29 3.91 8.27 9.00 7.76 8.09 5.23 6.74
Trade accounts payable 18.30 19.04 18.12 18.75 18.35 19.99 19.57 19.50 19.91 21.97 20.14 19.24 18.47 18.71 18.13 17.45 17.42 17.87 16.47 16.57 16.48
Accrued expenses and other current liabilities 10.93 12.91 13.49 13.92 12.81 12.94 12.85 12.68 12.60 12.35 11.90 12.11 12.41 11.42 11.64 11.09 10.98 12.16 11.62 11.35 10.92
Dividends payable 2.23 2.05 2.18 2.23 2.30 2.30 2.35 2.31 2.33 2.38 2.38 2.39 2.29 2.25 2.27 2.28 2.34 2.25 2.21 2.24 2.24
Current liabilities 38.86% 36.77% 36.91% 40.15% 41.35% 45.27% 45.11% 42.91% 47.34% 45.02% 46.66% 45.69% 43.61% 38.66% 35.96% 39.08% 39.73% 40.04% 38.39% 35.40% 36.38%
Long-term debt, excluding payable within one year 43.82 44.96 47.49 44.66 45.99 40.65 41.23 43.66 39.40 43.03 39.35 39.45 39.74 42.72 46.89 44.97 43.54 44.10 43.24 46.75 46.59
Noncurrent employee benefits 4.87 4.93 5.28 5.31 5.48 5.87 5.86 5.79 6.06 6.41 6.81 7.49 7.53 7.81 8.54 8.48 8.66 8.91 8.02 8.07 7.87
Deferred income taxes 4.05 4.13 3.02 3.26 3.27 3.34 3.37 3.34 3.26 3.15 3.46 3.21 2.75 2.61 2.88 2.93 3.10 3.64 3.99 4.24 4.01
Other liabilities 3.91 4.10 3.62 3.38 3.43 3.40 3.59 3.72 4.06 2.26 2.53 2.51 2.35 1.97 2.03 1.96 2.13 2.12 2.23 2.24 2.50
Noncurrent liabilities 56.65% 58.11% 59.42% 56.61% 58.17% 53.27% 54.05% 56.52% 52.78% 54.86% 52.15% 52.66% 52.36% 55.11% 60.34% 58.34% 57.42% 58.77% 57.48% 61.30% 60.97%
Total liabilities 95.51% 94.88% 96.33% 96.76% 99.52% 98.54% 99.16% 99.43% 100.12% 99.88% 98.81% 98.36% 95.97% 93.78% 96.31% 97.42% 97.15% 98.80% 95.87% 96.70% 97.35%
Redeemable preferred securities of subsidiaries 0.16 0.16 0.18 0.18 0.18 0.19 0.25 0.25 0.42 0.44 0.42 0.42 0.40 0.40 0.39 0.38 0.39 0.40 0.43 0.43 0.43
Preferred stock, no par value, none issued 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $1.25 par value 2.75 2.70 2.86 2.92 3.02 3.09 3.15 3.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 3.82 3.75 3.69 3.43 3.57 3.64 3.56 3.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock held in treasury, at cost -29.32 -27.96 -28.20 -28.10 -29.10 -29.14 -28.08 -26.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Retained earnings 45.07 43.18 44.73 45.13 44.51 43.75 43.14 40.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accumulated other comprehensive loss -19.31 -18.10 -21.06 -21.72 -23.06 -21.55 -22.70 -21.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Kimberly-Clark Corporation stockholders’ equity (legacy) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -2.01 -1.98 -0.91 -0.39 2.07 4.15 1.72 0.68 0.92 -0.70 2.01 1.33 0.74
Total Kimberly-Clark Corporation stockholders’ equity 3.01% 3.57% 2.03% 1.66% -1.07% -0.22% -0.94% -1.16% -2.01% -1.98% -0.91% -0.39% 2.07% 4.15% 1.72% 0.68% 0.92% -0.70% 2.01% 1.33% 0.74%
Noncontrolling interests 1.32 1.39 1.46 1.40 1.36 1.49 1.52 1.49 1.47 1.66 1.68 1.61 1.56 1.67 1.59 1.52 1.53 1.50 1.69 1.54 1.48
Total stockholders’ equity 4.33% 4.96% 3.49% 3.06% 0.29% 1.27% 0.59% 0.33% -0.54% -0.32% 0.77% 1.22% 3.63% 5.82% 3.31% 2.20% 2.45% 0.80% 3.70% 2.87% 2.22%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).

The capital structure is characterized by an exceptionally high reliance on liabilities, which consistently represent between 93% and 100% of total liabilities and stockholders' equity throughout the analyzed period. This indicates a highly leveraged financial position with minimal equity cushioning.

Current Liabilities and Short-Term Obligations
Current liabilities exhibited significant volatility, fluctuating from a low of 35.40% in June 2016 to a peak of 47.34% in March 2019. A primary driver of this variance was the debt payable within one year, which surged to over 12% during 2018 and early 2019 before declining sharply to 2.77% by December 2020. Trade accounts payable remained a substantial and relatively stable component, generally ranging between 16% and 21%, suggesting a consistent reliance on supplier financing.
Noncurrent Liabilities and Long-Term Debt
Noncurrent liabilities constitute the largest portion of the balance sheet, typically ranging from 52% to 61%. Long-term debt remains the dominant liability, generally oscillating between 39% and 47% of the total structure. A notable downward trend is observed in noncurrent employee benefits, which decreased steadily from 7.87% in March 2016 to 4.87% by March 2021, indicating a reduction in the relative weight of long-term benefit obligations.
Stockholders' Equity and Capital Composition
Total stockholders' equity remained marginal and highly unstable, periodically dipping into negative territory. The most pronounced deficit occurred between December 2018 and March 2019, reaching a low of -0.54%. This precarious equity position is attributed to significant contra-equity accounts, specifically common stock held in treasury (averaging -26% to -29%) and accumulated other comprehensive losses (averaging -18% to -23%), which largely offset the positive contributions of retained earnings, which grew from approximately 40% to 45% over the period.
Overall Leverage Trend
The organization maintained a consistent strategy of high leverage. While total liabilities peaked at 100.12% in March 2019, there was a slight shift toward equity recovery toward the end of the period, with total stockholders' equity rising to 4.33% by March 2021. This suggests a modest improvement in the solvency profile, although the overall dependence on debt remains the defining characteristic of the balance sheet.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?