Colgate-Palmolive Company (CL)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 7,289,000 | 7,909,000 | 8,146,000 | 8,151,000 | 8,219,000 | 8,690,000 | 8,954,000 | 8,870,000 | 8,741,000 | 8,219,000 | 7,957,000 | 7,588,000 | 7,194,000 | 7,682,000 | 7,951,000 | 7,570,000 | 7,334,000 | 6,971,000 | 6,884,000 | 7,336,000 |
| Total assets | US$ in thousands | 16,046,000 | 16,774,000 | 16,480,000 | 16,571,000 | 16,393,000 | 16,043,000 | 16,227,000 | 16,173,000 | 15,731,000 | 16,288,000 | 15,711,000 | 15,723,000 | 15,040,000 | 15,880,000 | 15,999,000 | 15,801,000 | 15,920,000 | 15,466,000 | 15,141,000 | 15,070,000 |
| Debt-to-assets ratio | 0.45 | 0.47 | 0.49 | 0.49 | 0.50 | 0.54 | 0.55 | 0.55 | 0.56 | 0.50 | 0.51 | 0.48 | 0.48 | 0.48 | 0.50 | 0.48 | 0.46 | 0.45 | 0.45 | 0.49 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $7,289,000K ÷ $16,046,000K
= 0.45
The debt-to-assets ratio of Colgate-Palmolive Company has displayed fluctuations over the past few years, ranging from 0.45 to 0.56 as per the provided data. This ratio represents the proportion of the company's total debt to its total assets. A higher ratio generally indicates a greater reliance on debt financing, which can increase financial risk.
From March 31, 2020, to December 31, 2022, the debt-to-assets ratio increased steadily from 0.49 to 0.56, suggesting a higher level of debt relative to assets during this period. However, from December 31, 2022, to December 31, 2024, the ratio declined gradually to 0.45, indicating a reduction in the company's debt compared to its assets.
Overall, the debt-to-assets ratio of Colgate-Palmolive Company has shown some volatility but has mostly remained within a moderate range, demonstrating a mix of debt and assets in the company's capital structure. It is essential for investors and stakeholders to monitor this ratio to assess the company's financial health and risk management strategies.
Peer comparison
Dec 31, 2024