Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Colgate-Palmolive Co., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Colgate-Palmolive Co. debt to capital ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Colgate-Palmolive Co. debt to assets ratio improved from Q4 2022 to Q1 2023 but then slightly deteriorated from Q1 2023 to Q2 2023. |
Debt to Equity
Colgate-Palmolive Co., debt to equity calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Notes and loans payable | 19) | 22) | 11) | 16) | 16) | 7) | 39) | 3) | 5) | 254) | 258) | 9) | 253) | 255) | 260) | 503) | 4) | 5) | 12) | 85) | 346) | 159) | |||||||
| Current portion of long-term debt | 16) | 15) | 14) | 13) | 13) | 12) | 12) | 11) | 10) | 9) | 9) | 256) | 255) | 255) | 254) | 2) | 1) | 1) | —) | —) | —) | —) | |||||||
| Long-term debt, excluding current portion | 8,954) | 8,870) | 8,741) | 8,219) | 7,957) | 7,588) | 7,194) | 7,682) | 7,951) | 7,570) | 7,334) | 6,971) | 6,884) | 7,336) | 7,333) | 7,646) | 6,640) | 6,655) | 6,354) | 6,519) | 6,519) | 6,550) | |||||||
| Total debt | 8,989) | 8,907) | 8,766) | 8,248) | 7,986) | 7,607) | 7,245) | 7,696) | 7,966) | 7,833) | 7,601) | 7,236) | 7,392) | 7,846) | 7,847) | 8,151) | 6,645) | 6,661) | 6,366) | 6,604) | 6,865) | 6,709) | |||||||
| Total Colgate-Palmolive Company shareholders’ equity | (64) | (6) | 401) | 622) | 168) | 321) | 609) | 591) | 464) | 262) | 743) | 653) | 268) | (113) | 117) | (324) | (347) | (552) | (102) | (430) | (523) | (249) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to equity1 | — | — | 21.86 | 13.26 | 47.54 | 23.70 | 11.90 | 13.02 | 17.17 | 29.90 | 10.23 | 11.08 | 27.58 | — | 67.07 | — | — | — | — | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||
| Procter & Gamble Co. | 0.78 | 0.75 | 0.68 | 0.74 | 0.80 | 0.71 | 0.69 | 0.64 | 0.65 | 0.66 | 0.75 | 0.79 | 0.62 | 0.63 | 0.64 | 0.55 | 0.62 | 0.60 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Debt to equity = Total debt ÷ Total Colgate-Palmolive Company shareholders’ equity
= 8,989 ÷ -64 = —
2 Click competitor name to see calculations.
Debt to Capital
Colgate-Palmolive Co., debt to capital calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Notes and loans payable | 19) | 22) | 11) | 16) | 16) | 7) | 39) | 3) | 5) | 254) | 258) | 9) | 253) | 255) | 260) | 503) | 4) | 5) | 12) | 85) | 346) | 159) | |||||||
| Current portion of long-term debt | 16) | 15) | 14) | 13) | 13) | 12) | 12) | 11) | 10) | 9) | 9) | 256) | 255) | 255) | 254) | 2) | 1) | 1) | —) | —) | —) | —) | |||||||
| Long-term debt, excluding current portion | 8,954) | 8,870) | 8,741) | 8,219) | 7,957) | 7,588) | 7,194) | 7,682) | 7,951) | 7,570) | 7,334) | 6,971) | 6,884) | 7,336) | 7,333) | 7,646) | 6,640) | 6,655) | 6,354) | 6,519) | 6,519) | 6,550) | |||||||
| Total debt | 8,989) | 8,907) | 8,766) | 8,248) | 7,986) | 7,607) | 7,245) | 7,696) | 7,966) | 7,833) | 7,601) | 7,236) | 7,392) | 7,846) | 7,847) | 8,151) | 6,645) | 6,661) | 6,366) | 6,604) | 6,865) | 6,709) | |||||||
| Total Colgate-Palmolive Company shareholders’ equity | (64) | (6) | 401) | 622) | 168) | 321) | 609) | 591) | 464) | 262) | 743) | 653) | 268) | (113) | 117) | (324) | (347) | (552) | (102) | (430) | (523) | (249) | |||||||
| Total capital | 8,925) | 8,901) | 9,167) | 8,870) | 8,154) | 7,928) | 7,854) | 8,287) | 8,430) | 8,095) | 8,344) | 7,889) | 7,660) | 7,733) | 7,964) | 7,827) | 6,298) | 6,109) | 6,264) | 6,174) | 6,342) | 6,460) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to capital1 | 1.01 | 1.00 | 0.96 | 0.93 | 0.98 | 0.96 | 0.92 | 0.93 | 0.94 | 0.97 | 0.91 | 0.92 | 0.97 | 1.01 | 0.99 | 1.04 | 1.06 | 1.09 | 1.02 | 1.07 | 1.08 | 1.04 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||
| Procter & Gamble Co. | 0.44 | 0.43 | 0.40 | 0.43 | 0.44 | 0.41 | 0.41 | 0.39 | 0.39 | 0.40 | 0.43 | 0.44 | 0.38 | 0.39 | 0.39 | 0.35 | 0.38 | 0.37 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 8,989 ÷ 8,925 = 1.01
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Colgate-Palmolive Co. debt to capital ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Debt to Assets
Colgate-Palmolive Co., debt to assets calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Notes and loans payable | 19) | 22) | 11) | 16) | 16) | 7) | 39) | 3) | 5) | 254) | 258) | 9) | 253) | 255) | 260) | 503) | 4) | 5) | 12) | 85) | 346) | 159) | |||||||
| Current portion of long-term debt | 16) | 15) | 14) | 13) | 13) | 12) | 12) | 11) | 10) | 9) | 9) | 256) | 255) | 255) | 254) | 2) | 1) | 1) | —) | —) | —) | —) | |||||||
| Long-term debt, excluding current portion | 8,954) | 8,870) | 8,741) | 8,219) | 7,957) | 7,588) | 7,194) | 7,682) | 7,951) | 7,570) | 7,334) | 6,971) | 6,884) | 7,336) | 7,333) | 7,646) | 6,640) | 6,655) | 6,354) | 6,519) | 6,519) | 6,550) | |||||||
| Total debt | 8,989) | 8,907) | 8,766) | 8,248) | 7,986) | 7,607) | 7,245) | 7,696) | 7,966) | 7,833) | 7,601) | 7,236) | 7,392) | 7,846) | 7,847) | 8,151) | 6,645) | 6,661) | 6,366) | 6,604) | 6,865) | 6,709) | |||||||
| Total assets | 16,227) | 16,173) | 15,731) | 16,288) | 15,711) | 15,723) | 15,040) | 15,880) | 15,999) | 15,801) | 15,920) | 15,466) | 15,141) | 15,070) | 15,034) | 15,026) | 13,151) | 12,883) | 12,161) | 12,571) | 12,650) | 13,144) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to assets1 | 0.55 | 0.55 | 0.56 | 0.51 | 0.51 | 0.48 | 0.48 | 0.48 | 0.50 | 0.50 | 0.48 | 0.47 | 0.49 | 0.52 | 0.52 | 0.54 | 0.51 | 0.52 | 0.52 | 0.53 | 0.54 | 0.51 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||
| Procter & Gamble Co. | 0.30 | 0.28 | 0.27 | 0.28 | 0.29 | 0.27 | 0.27 | 0.26 | 0.26 | 0.26 | 0.29 | 0.30 | 0.25 | 0.26 | 0.26 | 0.25 | 0.27 | 0.26 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 8,989 ÷ 16,227 = 0.55
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Colgate-Palmolive Co. debt to assets ratio improved from Q4 2022 to Q1 2023 but then slightly deteriorated from Q1 2023 to Q2 2023. |
Financial Leverage
Colgate-Palmolive Co., financial leverage calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Total assets | 16,227) | 16,173) | 15,731) | 16,288) | 15,711) | 15,723) | 15,040) | 15,880) | 15,999) | 15,801) | 15,920) | 15,466) | 15,141) | 15,070) | 15,034) | 15,026) | 13,151) | 12,883) | 12,161) | 12,571) | 12,650) | 13,144) | |||||||
| Total Colgate-Palmolive Company shareholders’ equity | (64) | (6) | 401) | 622) | 168) | 321) | 609) | 591) | 464) | 262) | 743) | 653) | 268) | (113) | 117) | (324) | (347) | (552) | (102) | (430) | (523) | (249) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Financial leverage1 | — | — | 39.23 | 26.19 | 93.52 | 48.98 | 24.70 | 26.87 | 34.48 | 60.31 | 21.43 | 23.68 | 56.50 | — | 128.50 | — | — | — | — | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||
| Procter & Gamble Co. | 2.65 | 2.64 | 2.52 | 2.64 | 2.72 | 2.60 | 2.57 | 2.51 | 2.49 | 2.49 | 2.59 | 2.60 | 2.45 | 2.45 | 2.44 | 2.21 | 2.29 | 2.27 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Financial leverage = Total assets ÷ Total Colgate-Palmolive Company shareholders’ equity
= 16,227 ÷ -64 = —
2 Click competitor name to see calculations.