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.

Analysis of Solvency Ratios
Quarterly Data

Microsoft Excel

Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.


Solvency Ratios (Summary)

Kimberly-Clark Corp., solvency ratios (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 Ratios
Debt to equity 17.03 13.36 24.98 30.12 24.23 11.80 29.52 78.66 57.01 25.58 39.17 72.50
Debt to capital 0.94 0.93 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
Debt to assets 0.51 0.48 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
Financial leverage 33.25 27.99 49.35 60.35 48.27 24.09 58.10 147.75 108.51 49.83 75.36 135.96
Coverage Ratios
Interest coverage 12.58 13.19 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

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).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Kimberly-Clark Corp. debt to equity ratio improved from Q3 2020 to Q4 2020 but then slightly deteriorated from Q4 2020 to Q1 2021.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Kimberly-Clark Corp. debt to capital ratio improved from Q3 2020 to Q4 2020 but then slightly deteriorated from Q4 2020 to Q1 2021.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Kimberly-Clark Corp. debt to assets ratio improved from Q3 2020 to Q4 2020 but then deteriorated significantly from Q4 2020 to Q1 2021.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Kimberly-Clark Corp. financial leverage ratio decreased from Q3 2020 to Q4 2020 but then slightly increased from Q4 2020 to Q1 2021.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Kimberly-Clark Corp. interest coverage ratio improved from Q3 2020 to Q4 2020 but then deteriorated significantly from Q4 2020 to Q1 2021.

Debt to Equity

Kimberly-Clark Corp., debt to equity calculation (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
Selected Financial Data (US$ in millions)
Debt payable within one year 1,274 486 517 850 1,238 1,534 1,555 1,291 1,900 1,208 1,786 1,741 1,599 953 589 1,246 1,328 1,133 1,205 772 999
Long-term debt, excluding payable within one year 7,548 7,878 7,851 7,223 7,210 6,213 6,198 6,701 5,990 6,247 5,739 5,746 6,081 6,472 7,057 6,777 6,425 6,439 6,443 6,905 6,904
Total debt 8,822 8,364 8,368 8,073 8,448 7,747 7,753 7,992 7,890 7,455 7,525 7,487 7,680 7,425 7,646 8,023 7,753 7,572 7,648 7,677 7,903
 
Total Kimberly-Clark Corporation stockholders’ equity 518 626 335 268 (167) (33) (141) (178) (305) (287) (133) (57) 317 629 259 102 136 (102) 299 196 109
Solvency Ratio
Debt to equity1 17.03 13.36 24.98 30.12 24.23 11.80 29.52 78.66 57.01 25.58 39.17 72.50
Benchmarks
Debt to Equity, Competitors2
Procter & Gamble Co. 0.66 0.75 0.79 0.62 0.63 0.64 0.55 0.62 0.60 0.60 0.65 0.70 0.62

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).

1 Q1 2021 Calculation
Debt to equity = Total debt ÷ Total Kimberly-Clark Corporation stockholders’ equity
= 8,822 ÷ 518 = 17.03

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. Kimberly-Clark Corp. debt to equity ratio improved from Q3 2020 to Q4 2020 but then slightly deteriorated from Q4 2020 to Q1 2021.

Debt to Capital

Kimberly-Clark Corp., debt to capital calculation (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
Selected Financial Data (US$ in millions)
Debt payable within one year 1,274 486 517 850 1,238 1,534 1,555 1,291 1,900 1,208 1,786 1,741 1,599 953 589 1,246 1,328 1,133 1,205 772 999
Long-term debt, excluding payable within one year 7,548 7,878 7,851 7,223 7,210 6,213 6,198 6,701 5,990 6,247 5,739 5,746 6,081 6,472 7,057 6,777 6,425 6,439 6,443 6,905 6,904
Total debt 8,822 8,364 8,368 8,073 8,448 7,747 7,753 7,992 7,890 7,455 7,525 7,487 7,680 7,425 7,646 8,023 7,753 7,572 7,648 7,677 7,903
Total Kimberly-Clark Corporation stockholders’ equity 518 626 335 268 (167) (33) (141) (178) (305) (287) (133) (57) 317 629 259 102 136 (102) 299 196 109
Total capital 9,340 8,990 8,703 8,341 8,281 7,714 7,612 7,814 7,585 7,168 7,392 7,430 7,997 8,054 7,905 8,125 7,889 7,470 7,947 7,873 8,012
Solvency Ratio
Debt to capital1 0.94 0.93 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
Benchmarks
Debt to Capital, Competitors2
Procter & Gamble Co. 0.40 0.43 0.44 0.38 0.39 0.39 0.35 0.38 0.37 0.37 0.39 0.41 0.38

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).

1 Q1 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= 8,822 ÷ 9,340 = 0.94

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. debt to capital ratio improved from Q3 2020 to Q4 2020 but then slightly deteriorated from Q4 2020 to Q1 2021.

Debt to Assets

Kimberly-Clark Corp., debt to assets calculation (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
Selected Financial Data (US$ in millions)
Debt payable within one year 1,274 486 517 850 1,238 1,534 1,555 1,291 1,900 1,208 1,786 1,741 1,599 953 589 1,246 1,328 1,133 1,205 772 999
Long-term debt, excluding payable within one year 7,548 7,878 7,851 7,223 7,210 6,213 6,198 6,701 5,990 6,247 5,739 5,746 6,081 6,472 7,057 6,777 6,425 6,439 6,443 6,905 6,904
Total debt 8,822 8,364 8,368 8,073 8,448 7,747 7,753 7,992 7,890 7,455 7,525 7,487 7,680 7,425 7,646 8,023 7,753 7,572 7,648 7,677 7,903
 
Total assets 17,226 17,523 16,531 16,173 15,677 15,283 15,033 15,347 15,204 14,518 14,583 14,564 15,303 15,151 15,049 15,070 14,758 14,602 14,899 14,770 14,820
Solvency Ratio
Debt to assets1 0.51 0.48 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
Benchmarks
Debt to Assets, Competitors2
Procter & Gamble Co. 0.26 0.29 0.30 0.25 0.26 0.26 0.25 0.27 0.26 0.26 0.28 0.30 0.28

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).

1 Q1 2021 Calculation
Debt to assets = Total debt ÷ Total assets
= 8,822 ÷ 17,226 = 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. debt to assets ratio improved from Q3 2020 to Q4 2020 but then deteriorated significantly from Q4 2020 to Q1 2021.

Financial Leverage

Kimberly-Clark Corp., financial leverage calculation (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
Selected Financial Data (US$ in millions)
Total assets 17,226 17,523 16,531 16,173 15,677 15,283 15,033 15,347 15,204 14,518 14,583 14,564 15,303 15,151 15,049 15,070 14,758 14,602 14,899 14,770 14,820
Total Kimberly-Clark Corporation stockholders’ equity 518 626 335 268 (167) (33) (141) (178) (305) (287) (133) (57) 317 629 259 102 136 (102) 299 196 109
Solvency Ratio
Financial leverage1 33.25 27.99 49.35 60.35 48.27 24.09 58.10 147.75 108.51 49.83 75.36 135.96
Benchmarks
Financial Leverage, Competitors2
Procter & Gamble Co. 2.49 2.59 2.60 2.45 2.45 2.44 2.21 2.29 2.27 2.26 2.29 2.34 2.24

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).

1 Q1 2021 Calculation
Financial leverage = Total assets ÷ Total Kimberly-Clark Corporation stockholders’ equity
= 17,226 ÷ 518 = 33.25

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. Kimberly-Clark Corp. financial leverage ratio decreased from Q3 2020 to Q4 2020 but then slightly increased from Q4 2020 to Q1 2021.

Interest Coverage

Kimberly-Clark Corp., interest coverage calculation (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
Selected Financial Data (US$ in millions)
Net income attributable to Kimberly-Clark Corporation 584 539 472 681 660 547 671 485 454 411 451 455 93 617 567 531 563 505 550 566 545
Add: Net income attributable to noncontrolling interest 10 7 11 11 15 9 9 10 12 10 11 10 4 8 12 9 12 13 13 12 15
Add: Income tax expense 147 166 114 199 197 109 192 132 143 91 138 138 104 143 224 202 207 271 227 217 207
Add: Interest expense 63 64 62 65 61 63 66 67 65 65 64 68 66 72 78 85 83 81 81 81 76
Earnings before interest and tax (EBIT) 804 776 659 956 933 728 938 694 674 577 664 671 267 840 881 827 865 870 871 876 843
Solvency Ratio
Interest coverage1 12.58 13.19 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
Benchmarks
Interest Coverage, Competitors2
Procter & Gamble Co. 35.05 35.05 18.44 16.75 14.26 12.92 26.14 26.00 26.99 27.34

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).

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)
= (804 + 776 + 659 + 956) ÷ (63 + 64 + 62 + 65) = 12.58

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. interest coverage ratio improved from Q3 2020 to Q4 2020 but then deteriorated significantly from Q4 2020 to Q1 2021.