Kimberly-Clark Corporation (KMB)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 8,049,000 | 8,456,000 | 8,141,000 | 6,972,000 |
| Total assets | US$ in thousands | 17,344,000 | 17,970,000 | 17,837,000 | 17,523,000 | 15,283,000 |
| Debt-to-assets ratio | 0.00 | 0.45 | 0.47 | 0.46 | 0.46 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $17,344,000K
= 0.00
The debt-to-assets ratio of Kimberly-Clark Corp. has shown a decreasing trend over the past five years, declining from 0.51 in 2019 to 0.46 in 2023. This indicates that the company has been gradually reducing its reliance on debt to finance its assets. A lower debt-to-assets ratio suggests a lower risk of financial distress as it indicates the company has a lower proportion of debt in relation to its total assets. However, it is important to note that the ratio has fluctuated slightly over the period, with minor changes from 0.48 in 2021 and 2020 to 0.47 in 2022. Overall, the downward trend in the debt-to-assets ratio is a positive indicator of Kimberly-Clark Corp.'s improving financial leverage and potentially stronger financial position.
Peer comparison
Dec 31, 2023