Kimberly-Clark Corporation (KMB)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 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 | -33,000 | 88,000 | 50,000 | -82,000 |
| Debt-to-equity ratio | 0.00 | 11.84 | 16.14 | 11.70 | 14.71 | 18.28 | 13.59 | 11.51 | 16.45 | 11.13 | 10.43 | 10.53 | 13.00 | 14.05 | 16.12 | 173.20 | — | 79.06 | 139.22 | — |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $915,000K
= 0.00
The debt-to-equity ratio of Kimberly-Clark Corp. has shown fluctuations over the past eight quarters, with values ranging from 8.73 to 19.65. A higher debt-to-equity ratio indicates that the company is relying more on debt financing rather than equity.
In Q4 2023, the debt-to-equity ratio was 8.73, which was the lowest among the listed quarters. This suggests that the company had a lower level of debt relative to equity during this period.
The ratio spiked to 19.65 in Q3 2022, indicating a significant increase in the company's debt level compared to its equity. This could potentially raise concerns about the company's financial leverage and ability to meet its debt obligations.
Overall, the trend in the debt-to-equity ratio for Kimberly-Clark Corp. has been volatile, reflecting fluctuations in the company's capital structure and financial risk profile over the analyzed period.
Peer comparison
Dec 31, 2023