Kimberly-Clark Corporation (KMB)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 915,000 | 547,000 | 514,000 | 626,000 | -33,000 |
| Debt-to-capital ratio | 0.00 | 0.94 | 0.94 | 0.93 | 1.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $915,000K)
= 0.00
The debt-to-capital ratio for Kimberly-Clark Corp. has exhibited a slight fluctuation over the past five years. The ratio stood at 0.90 in 2023, indicating that debt accounts for 90% of the company's total capital structure, while equity represents 10%. This suggests a relatively high level of debt financing compared to equity.
Comparing this with previous years, we can see that the ratio was slightly higher at 0.94 in both 2022 and 2021, indicating that the company's reliance on debt remained consistent during this period.
In 2020, the ratio was 0.93, showing a marginal decrease from the previous year. However, the most notable change occurred in 2019 when the ratio peaked at 1.00, signaling that debt made up 100% of the company's capital structure that year.
Overall, the trend in Kimberly-Clark Corp.'s debt-to-capital ratio suggests a relatively stable reliance on debt financing over the past five years, with a slight decrease in recent years. Investors and stakeholders may consider monitoring this ratio to assess the company's long-term financial stability and risk profile.
Peer comparison
Dec 31, 2023