Colgate-Palmolive Company (CL)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	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	7,333,000	7,646,000	6,640,000	6,655,000
Total assets	US$ in thousands	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	15,034,000	15,026,000	13,151,000	12,883,000
Debt-to-assets ratio		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	0.49	0.51	0.50	0.52

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $8,219,000K ÷ $16,393,000K
= 0.50

The debt-to-assets ratio of Colgate-Palmolive Co. has experienced fluctuations over the past eight quarters. It has been observed to range between 0.48 and 0.56, indicating the proportion of the company's assets that are financed through debt.

The trend analysis reveals that the debt-to-assets ratio increased from 0.48 in Q1 2022 to a peak of 0.56 in Q4 2022, but subsequently decreased in Q1 2023. However, in the last three quarters, the ratio has remained relatively stable, fluctuating between 0.54 and 0.55.

Overall, the company has maintained a moderate level of leverage, with the majority of its assets being financed through debt. It is important for stakeholders to monitor this ratio to assess the company's risk and financial stability, as higher levels of debt can expose the company to potential challenges in servicing its financial obligations.