Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Kimberly-Clark Corp. (NYSE:KMB)

Analysis of Solvency Ratios

Beginner level

Solvency Ratios (Summary)

Kimberly-Clark Corp., solvency ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Debt Ratios
Debt to equity 11.80
Debt to equity (including operating lease liability) 11.80
Debt to capital 1.00 1.04 0.92 1.01 1.02
Debt to capital (including operating lease liability) 1.00 1.04 0.92 1.01 1.02
Debt to assets 0.51 0.51 0.49 0.52 0.52
Debt to assets (including operating lease liability) 0.53 0.51 0.49 0.52 0.52
Financial leverage 24.09
Coverage Ratios
Interest coverage 11.62 8.29 10.73 10.85 6.03
Fixed charge coverage 5.88 4.53 6.17 6.32 3.59

Based on: 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), 10-K (filing date: 2016-02-11).

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Kimberly-Clark Corp.’s debt to capital ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Kimberly-Clark Corp.’s debt to capital ratio (including operating lease liability) deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Kimberly-Clark Corp.’s debt to assets ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Kimberly-Clark Corp.’s debt to assets ratio (including operating lease liability) deteriorated from 2017 to 2018 and from 2018 to 2019.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Kimberly-Clark Corp.’s interest coverage ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Kimberly-Clark Corp.’s fixed charge coverage ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 not reaching 2017 level.

Debt to Equity

Kimberly-Clark Corp., debt to equity calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Debt payable within one year 1,534  1,208  953  1,133  1,669 
Long-term debt, excluding payable within one year 6,213  6,247  6,472  6,439  6,106 
Total debt 7,747  7,455  7,425  7,572  7,775 
 
Total Kimberly-Clark Corporation stockholders’ equity (33) (287) 629  (102) (174)
Solvency Ratio
Debt to equity1 11.80
Benchmarks
Debt to Equity, Competitors2
Colgate-Palmolive Co. 67.07
Estée Lauder Cos. Inc. 0.78 0.76 0.81 0.63 0.45
Nike Inc. 0.38 0.39 0.31 0.17 0.10
Debt to Equity, Sector
Personal Goods 1.66 1.50 1.23 1.19 1.09
Debt to Equity, Industry
Consumer Goods 1.83 1.79 1.76 1.52 1.38

Based on: 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), 10-K (filing date: 2016-02-11).

1 2019 Calculation
Debt to equity = Total debt ÷ Total Kimberly-Clark Corporation stockholders’ equity
= 7,747 ÷ -33 =

2 Click competitor name to see calculations.


Debt to Equity (including Operating Lease Liability)

Kimberly-Clark Corp., debt to equity (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Debt payable within one year 1,534  1,208  953  1,133  1,669 
Long-term debt, excluding payable within one year 6,213  6,247  6,472  6,439  6,106 
Total debt 7,747  7,455  7,425  7,572  7,775 
Current operating lease liabilities 130  —  —  —  — 
Noncurrent operating lease liabilities (classified in Other liabilities) 274  —  —  —  — 
Total debt (including operating lease liability) 8,151  7,455  7,425  7,572  7,775 
 
Total Kimberly-Clark Corporation stockholders’ equity (33) (287) 629  (102) (174)
Solvency Ratio
Debt to equity (including operating lease liability)1 11.80
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Colgate-Palmolive Co. 72.50
Estée Lauder Cos. Inc. 0.78 0.76 0.81 0.63 0.45
Nike Inc. 0.38 0.39 0.31 0.17 0.10
Debt to Equity (including Operating Lease Liability), Sector
Personal Goods 1.74 1.50 1.23 1.19 1.09
Debt to Equity (including Operating Lease Liability), Industry
Consumer Goods 1.87 1.79 1.76 1.52 1.38

Based on: 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), 10-K (filing date: 2016-02-11).

1 2019 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Kimberly-Clark Corporation stockholders’ equity
= 8,151 ÷ -33 =

2 Click competitor name to see calculations.


Debt to Capital

Kimberly-Clark Corp., debt to capital calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Debt payable within one year 1,534  1,208  953  1,133  1,669 
Long-term debt, excluding payable within one year 6,213  6,247  6,472  6,439  6,106 
Total debt 7,747  7,455  7,425  7,572  7,775 
Total Kimberly-Clark Corporation stockholders’ equity (33) (287) 629  (102) (174)
Total capital 7,714  7,168  8,054  7,470  7,601 
Solvency Ratio
Debt to capital1 1.00 1.04 0.92 1.01 1.02
Benchmarks
Debt to Capital, Competitors2
Colgate-Palmolive Co. 0.99 1.02 1.01 1.04 1.05
Estée Lauder Cos. Inc. 0.44 0.43 0.45 0.39 0.31
Nike Inc. 0.28 0.28 0.23 0.14 0.09
Debt to Capital, Sector
Personal Goods 0.62 0.60 0.55 0.54 0.52
Debt to Capital, Industry
Consumer Goods 0.65 0.64 0.64 0.60 0.58

Based on: 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), 10-K (filing date: 2016-02-11).

1 2019 Calculation
Debt to capital = Total debt ÷ Total capital
= 7,747 ÷ 7,714 = 1.00

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. Kimberly-Clark Corp.’s debt to capital ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.

Debt to Capital (including Operating Lease Liability)

Kimberly-Clark Corp., debt to capital (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Debt payable within one year 1,534  1,208  953  1,133  1,669 
Long-term debt, excluding payable within one year 6,213  6,247  6,472  6,439  6,106 
Total debt 7,747  7,455  7,425  7,572  7,775 
Current operating lease liabilities 130  —  —  —  — 
Noncurrent operating lease liabilities (classified in Other liabilities) 274  —  —  —  — 
Total debt (including operating lease liability) 8,151  7,455  7,425  7,572  7,775 
Total Kimberly-Clark Corporation stockholders’ equity (33) (287) 629  (102) (174)
Total capital (including operating lease liability) 8,118  7,168  8,054  7,470  7,601 
Solvency Ratio
Debt to capital (including operating lease liability)1 1.00 1.04 0.92 1.01 1.02
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Colgate-Palmolive Co. 0.99 1.02 1.01 1.04 1.05
Estée Lauder Cos. Inc. 0.44 0.43 0.45 0.39 0.31
Nike Inc. 0.28 0.28 0.23 0.14 0.09
Debt to Capital (including Operating Lease Liability), Sector
Personal Goods 0.64 0.60 0.55 0.54 0.52
Debt to Capital (including Operating Lease Liability), Industry
Consumer Goods 0.65 0.64 0.64 0.60 0.58

Based on: 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), 10-K (filing date: 2016-02-11).

1 2019 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 8,151 ÷ 8,118 = 1.00

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Kimberly-Clark Corp.’s debt to capital ratio (including operating lease liability) deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.

Debt to Assets

Kimberly-Clark Corp., debt to assets calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Debt payable within one year 1,534  1,208  953  1,133  1,669 
Long-term debt, excluding payable within one year 6,213  6,247  6,472  6,439  6,106 
Total debt 7,747  7,455  7,425  7,572  7,775 
 
Total assets 15,283  14,518  15,151  14,602  14,842 
Solvency Ratio
Debt to assets1 0.51 0.51 0.49 0.52 0.52
Benchmarks
Debt to Assets, Competitors2
Colgate-Palmolive Co. 0.52 0.52 0.52 0.54 0.55
Estée Lauder Cos. Inc. 0.26 0.28 0.31 0.24 0.20
Nike Inc. 0.15 0.17 0.16 0.10 0.06
Debt to Assets, Sector
Personal Goods 0.33 0.34 0.34 0.32 0.30
Debt to Assets, Industry
Consumer Goods 0.41 0.42 0.41 0.38 0.36

Based on: 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), 10-K (filing date: 2016-02-11).

1 2019 Calculation
Debt to assets = Total debt ÷ Total assets
= 7,747 ÷ 15,283 = 0.51

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. Kimberly-Clark Corp.’s debt to assets ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.

Debt to Assets (including Operating Lease Liability)

Kimberly-Clark Corp., debt to assets (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Debt payable within one year 1,534  1,208  953  1,133  1,669 
Long-term debt, excluding payable within one year 6,213  6,247  6,472  6,439  6,106 
Total debt 7,747  7,455  7,425  7,572  7,775 
Current operating lease liabilities 130  —  —  —  — 
Noncurrent operating lease liabilities (classified in Other liabilities) 274  —  —  —  — 
Total debt (including operating lease liability) 8,151  7,455  7,425  7,572  7,775 
 
Total assets 15,283  14,518  15,151  14,602  14,842 
Solvency Ratio
Debt to assets (including operating lease liability)1 0.53 0.51 0.49 0.52 0.52
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Colgate-Palmolive Co. 0.56 0.52 0.52 0.54 0.55
Estée Lauder Cos. Inc. 0.26 0.28 0.31 0.24 0.20
Nike Inc. 0.15 0.17 0.16 0.10 0.06
Debt to Assets (including Operating Lease Liability), Sector
Personal Goods 0.35 0.34 0.34 0.32 0.30
Debt to Assets (including Operating Lease Liability), Industry
Consumer Goods 0.42 0.42 0.41 0.38 0.36

Based on: 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), 10-K (filing date: 2016-02-11).

1 2019 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 8,151 ÷ 15,283 = 0.53

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Kimberly-Clark Corp.’s debt to assets ratio (including operating lease liability) deteriorated from 2017 to 2018 and from 2018 to 2019.

Financial Leverage

Kimberly-Clark Corp., financial leverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Total assets 15,283  14,518  15,151  14,602  14,842 
Total Kimberly-Clark Corporation stockholders’ equity (33) (287) 629  (102) (174)
Solvency Ratio
Financial leverage1 24.09
Benchmarks
Financial Leverage, Competitors2
Colgate-Palmolive Co. 128.50
Estée Lauder Cos. Inc. 3.00 2.68 2.64 2.58 2.26
Nike Inc. 2.62 2.30 1.87 1.75 1.70
Financial Leverage, Sector
Personal Goods 4.97 4.38 3.61 3.70 3.57
Financial Leverage, Industry
Consumer Goods 4.43 4.28 4.25 3.96 3.80

Based on: 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), 10-K (filing date: 2016-02-11).

1 2019 Calculation
Financial leverage = Total assets ÷ Total Kimberly-Clark Corporation stockholders’ equity
= 15,283 ÷ -33 =

2 Click competitor name to see calculations.


Interest Coverage

Kimberly-Clark Corp., interest coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Net income attributable to Kimberly-Clark Corporation 2,157  1,410  2,278  2,166  1,013 
Add: Net income attributable to noncontrolling interest 40  35  41  53  53 
Add: Income tax expense 576  471  776  922  418 
Add: Interest expense 261  263  318  319  295 
Earnings before interest and tax (EBIT) 3,034  2,179  3,413  3,460  1,779 
Solvency Ratio
Interest coverage1 11.62 8.29 10.73 10.85 6.03
Benchmarks
Interest Coverage, Competitors2
Colgate-Palmolive Co. 18.19 18.95 23.79 26.09 21.77
Estée Lauder Cos. Inc. 18.35 16.47 16.70 23.00 27.01
Nike Inc. 37.65 35.88 57.81 150.13 124.68
Interest Coverage, Sector
Personal Goods 19.38 17.50 20.83 23.92 20.18
Interest Coverage, Industry
Consumer Goods 9.36 11.69 12.86 14.56 12.55

Based on: 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), 10-K (filing date: 2016-02-11).

1 2019 Calculation
Interest coverage = EBIT ÷ Interest expense
= 3,034 ÷ 261 = 11.62

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. Kimberly-Clark Corp.’s interest coverage ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level.

Fixed Charge Coverage

Kimberly-Clark Corp., fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Net income attributable to Kimberly-Clark Corporation 2,157  1,410  2,278  2,166  1,013 
Add: Net income attributable to noncontrolling interest 40  35  41  53  53 
Add: Income tax expense 576  471  776  922  418 
Add: Interest expense 261  263  318  319  295 
Earnings before interest and tax (EBIT) 3,034  2,179  3,413  3,460  1,779 
Add: Operating lease cost 307  280  281  271  279 
Earnings before fixed charges and tax 3,341  2,459  3,694  3,731  2,058 
 
Interest expense 261  263  318  319  295 
Operating lease cost 307  280  281  271  279 
Fixed charges 568  543  599  590  574 
Solvency Ratio
Fixed charge coverage1 5.88 4.53 6.17 6.32 3.59
Benchmarks
Fixed Charge Coverage, Competitors2
Colgate-Palmolive Co. 9.34 9.53 10.58 11.59 8.96
Estée Lauder Cos. Inc. 4.22 4.21 3.89 4.03 4.38
Nike Inc. 6.00 5.58 6.98 7.68 7.70
Fixed Charge Coverage, Sector
Personal Goods 5.99 5.66 6.59 7.08 5.98
Fixed Charge Coverage, Industry
Consumer Goods 5.97 7.51 8.40 9.63 8.31

Based on: 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), 10-K (filing date: 2016-02-11).

1 2019 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 3,341 ÷ 568 = 5.88

2 Click competitor name to see calculations.

Solvency ratio Description The company
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Kimberly-Clark Corp.’s fixed charge coverage ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 not reaching 2017 level.