Colgate-Palmolive Company (CL)

Financial leverage 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
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
Total stockholders’ equity	US$ in thousands	609,000	-9,000	-64,000	-6,000	401,000	622,000	168,000	321,000	609,000	591,000	464,000	262,000	743,000	653,000	268,000	-113,000	117,000	-324,000	-347,000	-552,000
Financial leverage ratio		26.92	—	—	—	39.23	26.19	93.52	48.98	24.70	26.87	34.48	60.31	21.43	23.68	56.50	—	128.50	—	—	—

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $16,393,000K ÷ $609,000K
= 26.92

The financial leverage ratio for Colgate-Palmolive Co. has varied over the past eight quarters. In Q4 2022, the ratio was 39.23, indicating that the company had a higher level of financial leverage compared to the previous quarters. This was followed by a decrease in Q1 2023 to 26.92, signaling a lower reliance on debt to finance its operations.

The ratio in Q2 2022 was significantly high at 93.52, suggesting a higher level of debt financing compared to the other quarters. However, the ratio decreased in subsequent quarters, reaching 48.98 in Q1 2022.

It is worth noting that there is missing data for Q3 2023, which limits a direct comparison between quarters. Overall, the trend in the financial leverage ratio indicates fluctuations in the company's debt levels and its ability to meet financial obligations using a combination of debt and equity.