Stock Analysis on Net
Stock Analysis on Net
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Kimberly-Clark Corp. (NYSE:KMB)

This company was transferred to the archive: financial data is no longer updated!

Adjusted Financial Ratios

Advanced level

Adjusted Financial Ratios (Summary)

Kimberly-Clark Corp., adjusted financial ratios

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Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Activity Ratio
Total Asset Turnover
Reported 1.09 1.21 1.27 1.21 1.25
Adjusted 1.10 1.21 1.23 1.16 1.20
Liquidity Ratio
Current Ratio
Reported 0.80 0.73 0.77 0.89 0.87
Adjusted 0.84 0.77 0.82 0.93 0.91
Solvency Ratios
Debt to Equity
Reported 13.36 11.80
Adjusted 5.47 10.05 11.47 5.96 11.82
Debt to Capital
Reported 0.93 1.00 1.04 0.92 1.01
Adjusted 0.85 0.91 0.92 0.86 0.92
Financial Leverage
Reported 27.99 24.09
Adjusted 10.70 18.78 21.67 11.74 22.03
Profitability Ratios
Net Profit Margin
Reported 12.29% 11.69% 7.63% 12.48% 11.90%
Adjusted 13.25% 11.36% 7.68% 15.75% 10.82%
Return on Equity (ROE)
Reported 375.72% 362.16%
Adjusted 155.64% 258.45% 204.91% 215.11% 287.17%
Return on Assets (ROA)
Reported 13.42% 14.11% 9.71% 15.04% 14.83%
Adjusted 14.55% 13.76% 9.46% 18.32% 13.03%

Based on: 10-K (filing date: 2021-02-11), 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-08).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Kimberly-Clark Corp.’s adjusted total asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Kimberly-Clark Corp.’s adjusted current ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Kimberly-Clark Corp.’s adjusted debt-to-equity ratio improved from 2018 to 2019 and from 2019 to 2020.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Kimberly-Clark Corp.’s adjusted debt-to-capital ratio improved from 2018 to 2019 and from 2019 to 2020.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.
Kimberly-Clark Corp.’s adjusted financial leverage ratio decreased from 2018 to 2019 and from 2019 to 2020.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Kimberly-Clark Corp.’s adjusted net profit margin ratio improved from 2018 to 2019 and from 2019 to 2020.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Kimberly-Clark Corp.’s adjusted ROE improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Kimberly-Clark Corp.’s adjusted ROA improved from 2018 to 2019 and from 2019 to 2020.

Kimberly-Clark Corp., Financial Ratios: Reported vs. Adjusted


Adjusted Total Asset Turnover

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Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Reported
Selected Financial Data (US$ in millions)
Net sales 19,140  18,450  18,486  18,259  18,202 
Total assets 17,523  15,283  14,518  15,151  14,602 
Activity Ratio
Total asset turnover1 1.09 1.21 1.27 1.21 1.25
Adjusted
Selected Financial Data (US$ in millions)
Net sales 19,140  18,450  18,486  18,259  18,202 
Adjusted total assets2 17,440  15,228  15,016  15,698  15,115 
Activity Ratio
Adjusted total asset turnover3 1.10 1.21 1.23 1.16 1.20

Based on: 10-K (filing date: 2021-02-11), 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-08).

1 2020 Calculation
Total asset turnover = Net sales ÷ Total assets
= 19,140 ÷ 17,523 = 1.09

2 Adjusted total assets. See details »

3 2020 Calculation
Adjusted total asset turnover = Net sales ÷ Adjusted total assets
= 19,140 ÷ 17,440 = 1.10

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Kimberly-Clark Corp.’s adjusted total asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Adjusted Current Ratio

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Reported
Selected Financial Data (US$ in millions)
Current assets 5,174  5,057  5,041  5,211  5,115 
Current liabilities 6,443  6,919  6,536  5,858  5,846 
Liquidity Ratio
Current ratio1 0.80 0.73 0.77 0.89 0.87
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 5,353  5,244  5,268  5,425  5,328 
Adjusted current liabilities3 6,370  6,826  6,418  5,858  5,846 
Liquidity Ratio
Adjusted current ratio4 0.84 0.77 0.82 0.93 0.91

Based on: 10-K (filing date: 2021-02-11), 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-08).

1 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 5,174 ÷ 6,443 = 0.80

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 2020 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 5,353 ÷ 6,370 = 0.84

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Kimberly-Clark Corp.’s adjusted current ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.

Adjusted Debt to Equity

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Reported
Selected Financial Data (US$ in millions)
Total debt 8,364  7,747  7,455  7,425  7,572 
Total Kimberly-Clark Corporation stockholders’ equity 626  (33) (287) 629  (102)
Solvency Ratio
Debt to equity1 13.36 11.80
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 8,920  8,151  7,946  7,973  8,106 
Adjusted total stockholders’ equity3 1,630  811  693  1,337  686 
Solvency Ratio
Adjusted debt to equity4 5.47 10.05 11.47 5.96 11.82

Based on: 10-K (filing date: 2021-02-11), 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-08).

1 2020 Calculation
Debt to equity = Total debt ÷ Total Kimberly-Clark Corporation stockholders’ equity
= 8,364 ÷ 626 = 13.36

2 Adjusted total debt. See details »

3 Adjusted total stockholders’ equity. See details »

4 2020 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total stockholders’ equity
= 8,920 ÷ 1,630 = 5.47

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Kimberly-Clark Corp.’s adjusted debt-to-equity ratio improved from 2018 to 2019 and from 2019 to 2020.

Adjusted Debt to Capital

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Reported
Selected Financial Data (US$ in millions)
Total debt 8,364  7,747  7,455  7,425  7,572 
Total capital 8,990  7,714  7,168  8,054  7,470 
Solvency Ratio
Debt to capital1 0.93 1.00 1.04 0.92 1.01
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 8,920  8,151  7,946  7,973  8,106 
Adjusted total capital3 10,550  8,962  8,639  9,310  8,792 
Solvency Ratio
Adjusted debt to capital4 0.85 0.91 0.92 0.86 0.92

Based on: 10-K (filing date: 2021-02-11), 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-08).

1 2020 Calculation
Debt to capital = Total debt ÷ Total capital
= 8,364 ÷ 8,990 = 0.93

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2020 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 8,920 ÷ 10,550 = 0.85

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Kimberly-Clark Corp.’s adjusted debt-to-capital ratio improved from 2018 to 2019 and from 2019 to 2020.

Adjusted Financial Leverage

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Reported
Selected Financial Data (US$ in millions)
Total assets 17,523  15,283  14,518  15,151  14,602 
Total Kimberly-Clark Corporation stockholders’ equity 626  (33) (287) 629  (102)
Solvency Ratio
Financial leverage1 27.99 24.09
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 17,440  15,228  15,016  15,698  15,115 
Adjusted total stockholders’ equity3 1,630  811  693  1,337  686 
Solvency Ratio
Adjusted financial leverage4 10.70 18.78 21.67 11.74 22.03

Based on: 10-K (filing date: 2021-02-11), 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-08).

1 2020 Calculation
Financial leverage = Total assets ÷ Total Kimberly-Clark Corporation stockholders’ equity
= 17,523 ÷ 626 = 27.99

2 Adjusted total assets. See details »

3 Adjusted total stockholders’ equity. See details »

4 2020 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total stockholders’ equity
= 17,440 ÷ 1,630 = 10.70

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.
Kimberly-Clark Corp.’s adjusted financial leverage ratio decreased from 2018 to 2019 and from 2019 to 2020.

Adjusted Net Profit Margin

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Reported
Selected Financial Data (US$ in millions)
Net income attributable to Kimberly-Clark Corporation 2,352  2,157  1,410  2,278  2,166 
Net sales 19,140  18,450  18,486  18,259  18,202 
Profitability Ratio
Net profit margin1 12.29% 11.69% 7.63% 12.48% 11.90%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 2,537  2,096  1,420  2,876  1,970 
Net sales 19,140  18,450  18,486  18,259  18,202 
Profitability Ratio
Adjusted net profit margin3 13.25% 11.36% 7.68% 15.75% 10.82%

Based on: 10-K (filing date: 2021-02-11), 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-08).

1 2020 Calculation
Net profit margin = 100 × Net income attributable to Kimberly-Clark Corporation ÷ Net sales
= 100 × 2,352 ÷ 19,140 = 12.29%

2 Adjusted net income. See details »

3 2020 Calculation
Adjusted net profit margin = 100 × Adjusted net income ÷ Net sales
= 100 × 2,537 ÷ 19,140 = 13.25%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Kimberly-Clark Corp.’s adjusted net profit margin ratio improved from 2018 to 2019 and from 2019 to 2020.

Adjusted Return on Equity (ROE)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Reported
Selected Financial Data (US$ in millions)
Net income attributable to Kimberly-Clark Corporation 2,352  2,157  1,410  2,278  2,166 
Total Kimberly-Clark Corporation stockholders’ equity 626  (33) (287) 629  (102)
Profitability Ratio
ROE1 375.72% 362.16%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 2,537  2,096  1,420  2,876  1,970 
Adjusted total stockholders’ equity3 1,630  811  693  1,337  686 
Profitability Ratio
Adjusted ROE4 155.64% 258.45% 204.91% 215.11% 287.17%

Based on: 10-K (filing date: 2021-02-11), 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-08).

1 2020 Calculation
ROE = 100 × Net income attributable to Kimberly-Clark Corporation ÷ Total Kimberly-Clark Corporation stockholders’ equity
= 100 × 2,352 ÷ 626 = 375.72%

2 Adjusted net income. See details »

3 Adjusted total stockholders’ equity. See details »

4 2020 Calculation
Adjusted ROE = 100 × Adjusted net income ÷ Adjusted total stockholders’ equity
= 100 × 2,537 ÷ 1,630 = 155.64%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Kimberly-Clark Corp.’s adjusted ROE improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.

Adjusted Return on Assets (ROA)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Reported
Selected Financial Data (US$ in millions)
Net income attributable to Kimberly-Clark Corporation 2,352  2,157  1,410  2,278  2,166 
Total assets 17,523  15,283  14,518  15,151  14,602 
Profitability Ratio
ROA1 13.42% 14.11% 9.71% 15.04% 14.83%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 2,537  2,096  1,420  2,876  1,970 
Adjusted total assets3 17,440  15,228  15,016  15,698  15,115 
Profitability Ratio
Adjusted ROA4 14.55% 13.76% 9.46% 18.32% 13.03%

Based on: 10-K (filing date: 2021-02-11), 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-08).

1 2020 Calculation
ROA = 100 × Net income attributable to Kimberly-Clark Corporation ÷ Total assets
= 100 × 2,352 ÷ 17,523 = 13.42%

2 Adjusted net income. See details »

3 Adjusted total assets. See details »

4 2020 Calculation
Adjusted ROA = 100 × Adjusted net income ÷ Adjusted total assets
= 100 × 2,537 ÷ 17,440 = 14.55%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Kimberly-Clark Corp.’s adjusted ROA improved from 2018 to 2019 and from 2019 to 2020.