Kimberly-Clark Corporation (KMB)
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 | — | 8,053,000 | 8,068,000 | 8,415,000 | 8,049,000 | 7,988,000 | 8,061,000 | 8,115,000 | 8,456,000 | 7,870,000 | 7,904,000 | 7,859,000 | 8,141,000 | 8,108,000 | 7,980,000 | 7,967,000 | 6,972,000 | 6,957,000 | 6,961,000 | 6,552,000 |
| Total assets | US$ in thousands | 17,344,000 | 17,153,000 | 17,383,000 | 18,177,000 | 17,970,000 | 17,836,000 | 18,114,000 | 18,672,000 | 17,837,000 | 17,775,000 | 17,827,000 | 17,226,000 | 17,523,000 | 16,531,000 | 16,173,000 | 15,677,000 | 15,283,000 | 15,033,000 | 15,347,000 | 15,204,000 |
| Debt-to-assets ratio | 0.00 | 0.47 | 0.46 | 0.46 | 0.45 | 0.45 | 0.45 | 0.43 | 0.47 | 0.44 | 0.44 | 0.46 | 0.46 | 0.49 | 0.49 | 0.51 | 0.46 | 0.46 | 0.45 | 0.43 |
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 been relatively stable over the past eight quarters, ranging from 0.46 to 0.49. This ratio indicates that approximately 46% to 49% of the company's assets are financed through debt, with the remainder funded by equity.
A decreasing trend in the debt-to-assets ratio would suggest a reduction in financial leverage and potentially lower financial risk. Conversely, an increasing trend would indicate a higher reliance on debt for financing operations, which could pose greater financial risk for the company.
Kimberly-Clark Corp.'s debt-to-assets ratio hovering around 0.47 to 0.48 suggests that the company has maintained a moderate level of leverage in its capital structure. It is essential to continue monitoring this ratio to ensure that the company's debt levels remain sustainable and in line with its financial objectives and risk tolerance. A detailed analysis of the drivers behind any significant changes in the debt-to-assets ratio would provide valuable insights into Kimberly-Clark Corp.'s financial health and strategy.
Peer comparison
Dec 31, 2023