Kimberly-Clark Corporation (KMB)
Debt-to-capital ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 7,440,000 | 7,447,000 | 7,955,000 | 7,963,000 | 7,982,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 840,000 | 1,285,000 | 1,136,000 | 1,044,000 | 915,000 | 680,000 | 500,000 | 719,000 | 547,000 | 437,000 | 593,000 | 705,000 | 514,000 | 707,000 | 758,000 | 746,000 | 626,000 | 577,000 | 495,000 | 46,000 |
| Debt-to-capital ratio | 0.90 | 0.85 | 0.88 | 0.88 | 0.90 | 0.92 | 0.94 | 0.92 | 0.94 | 0.95 | 0.93 | 0.92 | 0.94 | 0.92 | 0.91 | 0.91 | 0.93 | 0.93 | 0.94 | 0.99 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $7,440,000K ÷ ($7,440,000K + $840,000K)
= 0.90
The debt-to-capital ratio of Kimberly-Clark Corporation has shown a fluctuating trend over the past few years. The ratio decreased from 0.99 as of March 31, 2020, to 0.85 as of September 30, 2024. This indicates that the company's proportion of debt relative to its total capital has generally decreased over this period.
During the observation period, the debt-to-capital ratio reached its lowest point of 0.85 on September 30, 2024, suggesting a more conservative capital structure with a lower reliance on debt financing. However, the ratio slightly increased to 0.90 by December 31, 2024, which may imply a potential shift in the company's capital structure towards higher debt usage.
While fluctuations in the debt-to-capital ratio are common and can be influenced by various factors such as financing decisions, economic conditions, and business strategies, investors and stakeholders may monitor these changes closely to assess Kimberly-Clark Corporation's financial risk and leverage levels. Further analysis and context would be necessary to understand the underlying reasons for these fluctuations and their potential implications for the company's financial health and performance.
Peer comparison
Dec 31, 2024