Stock Analysis on Net
Stock Analysis on Net

Kimberly-Clark Corp. (NYSE:KMB)

Analysis of Solvency Ratios
Quarterly Data

Beginner level


Solvency Ratios (Summary)

Kimberly-Clark Corp., solvency ratios (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Debt Ratios
Debt to equity 30.12 24.23 11.80 29.52 78.66 57.01 25.58 39.17 72.50 140.46 14.73 40.06
Debt to capital 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 1.02 0.99 0.94 0.98
Debt to assets 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 0.52 0.51 0.50 0.51
Financial leverage 60.35 48.27 24.09 58.10 147.75 108.51 49.83 75.36 135.96 276.44 29.74 77.99
Coverage Ratios
Interest coverage 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 10.39 10.46 6.13 6.03

Based on: 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-22), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-22), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-23), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-25), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-21).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity.
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 Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
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 Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity.

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 improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Debt to Equity

Kimberly-Clark Corp., debt to equity calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Debt payable within one year 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  1,669  1,460  2,055  1,612 
Long-term debt, excluding payable within one year 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  6,106  6,125  5,544  6,119 
Total debt 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  7,775  7,585  7,599  7,731 
 
Total Kimberly-Clark Corporation stockholders’ equity 268  (167) (33) (141) (178) (305) (287) (133) (57) 317  629  259  102  136  (102) 299  196  109  (174) 54  516  193 
Solvency Ratio
Debt to equity1 30.12 24.23 11.80 29.52 78.66 57.01 25.58 39.17 72.50 140.46 14.73 40.06
Benchmarks
Debt to Equity, Competitors2
Colgate-Palmolive Co. 27.58 67.07 26.63 14.72 13.32
Estée Lauder Cos. Inc. 1.13 0.75 0.78 0.74 0.79 0.80 0.76 0.78 0.83 0.83 0.81 0.95 1.06 0.68 0.63 0.51 0.55 0.59 0.45 0.38 0.36 0.35
Nike Inc. 0.40 0.40 0.38 0.39 0.40 0.39 0.39 0.36 0.40 0.32 0.31 0.28 0.29 0.17 0.17 0.17 0.16 0.09 0.10 0.10 0.11 0.12

Based on: 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-22), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-22), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-23), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-25), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-21).

1 Q2 2020 Calculation
Debt to equity = Total debt ÷ Total Kimberly-Clark Corporation stockholders’ equity
= 8,073 ÷ 268 = 30.12

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.

Debt to Capital

Kimberly-Clark Corp., debt to capital calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Debt payable within one year 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  1,669  1,460  2,055  1,612 
Long-term debt, excluding payable within one year 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  6,106  6,125  5,544  6,119 
Total debt 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  7,775  7,585  7,599  7,731 
Total Kimberly-Clark Corporation stockholders’ equity 268  (167) (33) (141) (178) (305) (287) (133) (57) 317  629  259  102  136  (102) 299  196  109  (174) 54  516  193 
Total capital 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  7,601  7,639  8,115  7,924 
Solvency Ratio
Debt to capital1 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 1.02 0.99 0.94 0.98
Benchmarks
Debt to Capital, Competitors2
Colgate-Palmolive Co. 0.97 1.01 0.99 1.04 1.06 1.09 1.02 1.07 1.08 1.04 1.01 1.02 1.04 1.05 1.04 1.02 1.04 1.06 1.05 0.96 0.94 0.93
Estée Lauder Cos. Inc. 0.53 0.43 0.44 0.43 0.44 0.45 0.43 0.44 0.45 0.45 0.45 0.49 0.52 0.41 0.39 0.34 0.35 0.37 0.31 0.27 0.27 0.26
Nike Inc. 0.29 0.29 0.28 0.28 0.29 0.28 0.28 0.26 0.29 0.24 0.23 0.22 0.22 0.14 0.14 0.14 0.14 0.09 0.09 0.09 0.10 0.11

Based on: 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-22), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-22), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-23), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-25), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-21).

1 Q2 2020 Calculation
Debt to capital = Total debt ÷ Total capital
= 8,073 ÷ 8,341 = 0.97

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 Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.

Debt to Assets

Kimberly-Clark Corp., debt to assets calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Debt payable within one year 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  1,669  1,460  2,055  1,612 
Long-term debt, excluding payable within one year 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  6,106  6,125  5,544  6,119 
Total debt 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  7,775  7,585  7,599  7,731 
 
Total assets 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  14,842  14,928  15,346  15,053 
Solvency Ratio
Debt to assets1 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 0.52 0.51 0.50 0.51
Benchmarks
Debt to Assets, Competitors2
Colgate-Palmolive Co. 0.49 0.52 0.52 0.54 0.51 0.52 0.52 0.53 0.54 0.51 0.52 0.51 0.52 0.52 0.54 0.52 0.53 0.53 0.55 0.50 0.49 0.47
Estée Lauder Cos. Inc. 0.29 0.22 0.26 0.26 0.27 0.28 0.28 0.29 0.30 0.32 0.31 0.34 0.36 0.27 0.24 0.22 0.23 0.25 0.20 0.18 0.18 0.17
Nike Inc. 0.14 0.14 0.15 0.15 0.15 0.16 0.17 0.15 0.20 0.16 0.16 0.15 0.16 0.10 0.10 0.10 0.10 0.06 0.06 0.06 0.07 0.07

Based on: 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-22), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-22), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-23), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-25), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-21).

1 Q2 2020 Calculation
Debt to assets = Total debt ÷ Total assets
= 8,073 ÷ 16,173 = 0.50

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 Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.

Financial Leverage

Kimberly-Clark Corp., financial leverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Total assets 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  14,842  14,928  15,346  15,053 
Total Kimberly-Clark Corporation stockholders’ equity 268  (167) (33) (141) (178) (305) (287) (133) (57) 317  629  259  102  136  (102) 299  196  109  (174) 54  516  193 
Solvency Ratio
Financial leverage1 60.35 48.27 24.09 58.10 147.75 108.51 49.83 75.36 135.96 276.44 29.74 77.99
Benchmarks
Financial Leverage, Competitors2
Colgate-Palmolive Co. 56.50 128.50 53.19 30.09 28.60
Estée Lauder Cos. Inc. 3.92 3.41 3.00 2.82 2.94 2.85 2.68 2.71 2.76 2.58 2.64 2.78 2.96 2.56 2.58 2.31 2.38 2.41 2.26 2.10 2.06 2.03
Nike Inc. 2.84 2.85 2.62 2.56 2.60 2.50 2.30 2.31 2.05 1.97 1.87 1.82 1.84 1.74 1.75 1.71 1.68 1.61 1.70 1.66 1.64 1.67

Based on: 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-22), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-22), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-23), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-25), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-21).

1 Q2 2020 Calculation
Financial leverage = Total assets ÷ Total Kimberly-Clark Corporation stockholders’ equity
= 16,173 ÷ 268 = 60.35

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.

Interest Coverage

Kimberly-Clark Corp., interest coverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Kimberly-Clark Corporation 681  660  547  671  485  454  411  451  455  93  617  567  531  563  505  550  566  545  333  517  (305) 468 
Add: Net income attributable to noncontrolling interest 11  15  10  12  10  11  10  12  12  13  13  12  15  11  12  12  18 
Add: Income tax expense 199  197  109  192  132  143  91  138  138  104  143  224  202  207  271  227  217  207  252  217  (281) 230 
Add: Interest expense 65  61  63  66  67  65  65  64  68  66  72  78  85  83  81  81  81  76  76  74  73  72 
Earnings before interest and tax (EBIT) 956  933  728  938  694  674  577  664  671  267  840  881  827  865  870  871  876  843  672  820  (501) 788 
Solvency Ratio
Interest coverage1 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 10.39 10.46 6.13 6.03
Benchmarks
Interest Coverage, Competitors2
Estée Lauder Cos. Inc. 19.63 19.58 18.35 18.81 16.84 16.76 16.47 16.05 16.07 16.60 16.70 18.19 19.89 21.36 23.00 25.50 26.80 27.72 27.01

Based on: 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-22), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-22), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-23), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-25), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-21).

1 Q2 2020 Calculation
Interest coverage = (EBITQ2 2020 + EBITQ1 2020 + EBITQ4 2019 + EBITQ3 2019) ÷ (Interest expenseQ2 2020 + Interest expenseQ1 2020 + Interest expenseQ4 2019 + Interest expenseQ3 2019)
= (956 + 933 + 728 + 938) ÷ (65 + 61 + 63 + 66) = 13.94

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 improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.