Current Ratio
since 2005
Calculation
Kimberly-Clark Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2020 | 0.80 | = | 5,174) | ÷ | 6,443) |
| Dec 31, 2019 | 0.73 | = | 5,057) | ÷ | 6,919) |
| Dec 31, 2018 | 0.77 | = | 5,041) | ÷ | 6,536) |
| Dec 31, 2017 | 0.89 | = | 5,211) | ÷ | 5,858) |
| Dec 31, 2016 | 0.87 | = | 5,115) | ÷ | 5,846) |
| Dec 31, 2015 | 0.85 | = | 5,426) | ÷ | 6,349) |
| Dec 31, 2014 | 0.89 | = | 5,559) | ÷ | 6,226) |
| Dec 31, 2013 | 1.12 | = | 6,550) | ÷ | 5,848) |
| Dec 31, 2012 | 1.08 | = | 6,589) | ÷ | 6,091) |
| Dec 31, 2011 | 1.16 | = | 6,283) | ÷ | 5,397) |
| Dec 31, 2010 | 1.19 | = | 6,328) | ÷ | 5,338) |
| Dec 31, 2009 | 1.19 | = | 5,864) | ÷ | 4,923) |
| Dec 31, 2008 | 1.22 | = | 5,813) | ÷ | 4,752) |
| Dec 31, 2007 | 1.24 | = | 6,097) | ÷ | 4,929) |
| Dec 31, 2006 | 1.05 | = | 5,270) | ÷ | 5,016) |
| Dec 31, 2005 | 1.03 | = | 4,783) | ÷ | 4,643) |
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), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The liquidity position of the organization exhibits a long-term downward trajectory over the analyzed 15-year period. While the current ratio remained above the 1.0 threshold between 2005 and 2013, a structural shift occurred starting in 2014, leading to a sustained period where current liabilities consistently exceeded current assets.
- Liquidity Peaks and Early Trends
- Between 2005 and 2007, a positive trend in liquidity was observed, with the current ratio rising from 1.03 to a peak of 1.24. This improvement was driven by a significant increase in current assets, which grew from 4,783 million to 6,097 million during this timeframe.
- Period of Relative Stability
- From 2008 to 2013, the current ratio remained relatively stable, fluctuating within a range of 1.08 to 1.22. During this phase, current assets reached their historical peak of 6,589 million in 2012, providing a sufficient buffer against current liabilities.
- Liquidity Compression and Deficit
- A notable decline began in 2014, when the current ratio dropped to 0.89, signaling that current liabilities had surpassed current assets. This contraction trend intensified through 2019, with the ratio reaching a period low of 0.73. This deterioration resulted from a combination of declining current assets, which fell toward 5,000 million, and rising current liabilities, which peaked at 6,919 million in 2019.
- Recent Recovery Observations
- In 2020, a moderate recovery in the liquidity ratio was observed, with the value increasing to 0.80. This improvement is primarily attributed to a reduction in current liabilities to 6,443 million, although the ratio remains below the 1.0 parity level.
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Comparison to Competitors
Kimberly-Clark Corp., current ratio, long-term trends, comparison to competitors
| Kimberly-Clark Corp. | Procter & Gamble Co. | |
|---|---|---|
| Dec 31, 2020 | 0.80 | 0.85 |
| Dec 31, 2019 | 0.73 | 0.75 |
| Dec 31, 2018 | 0.77 | 0.83 |
| Dec 31, 2017 | 0.89 | 0.88 |
| Dec 31, 2016 | 0.87 | 1.10 |
| Dec 31, 2015 | 0.85 | 1.00 |
| Dec 31, 2014 | 0.89 | 0.94 |
| Dec 31, 2013 | 1.12 | 0.80 |
| Dec 31, 2012 | 1.08 | 0.88 |
| Dec 31, 2011 | 1.16 | 0.80 |
| Dec 31, 2010 | 1.19 | 0.77 |
| Dec 31, 2009 | 1.19 | 0.71 |
| Dec 31, 2008 | 1.22 | 0.79 |
| Dec 31, 2007 | 1.24 | 0.78 |
| Dec 31, 2006 | 1.05 | 1.22 |
| Dec 31, 2005 | 1.03 | 0.81 |
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), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Staples)
Kimberly-Clark Corp., current ratio, long-term trends, comparison to industry (consumer staples)
| Kimberly-Clark Corp. | Consumer Staples | |
|---|---|---|
| Dec 31, 2020 | 0.80 | 0.92 |
| Dec 31, 2019 | 0.73 | 0.82 |
| Dec 31, 2018 | 0.77 | 0.87 |
| Dec 31, 2017 | 0.89 | 1.02 |
| Dec 31, 2016 | 0.87 | 1.04 |
| Dec 31, 2015 | 0.85 | 1.06 |
| Dec 31, 2014 | 0.89 | 0.97 |
| Dec 31, 2013 | 1.12 | 0.97 |
| Dec 31, 2012 | 1.08 | 0.99 |
| Dec 31, 2011 | 1.16 | 0.97 |
| Dec 31, 2010 | 1.19 | 1.01 |
| Dec 31, 2009 | 1.19 | 1.03 |
| Dec 31, 2008 | 1.22 | 0.98 |
| Dec 31, 2007 | 1.24 | 0.91 |
| Dec 31, 2006 | 1.05 | 1.04 |
| Dec 31, 2005 | 1.03 | 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), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).