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)
Estée Lauder Cos. Inc., solvency ratios (quarterly data)
Based on: 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Estée Lauder Cos. Inc. debt to equity ratio deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Estée Lauder Cos. Inc. debt to equity ratio (including operating lease liability) deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Estée Lauder Cos. Inc. debt to capital ratio deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Estée Lauder Cos. Inc. debt to capital ratio (including operating lease liability) deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Estée Lauder Cos. Inc. debt to assets ratio deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Estée Lauder Cos. Inc. debt to assets ratio (including operating lease liability) deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Estée Lauder Cos. Inc. financial leverage ratio increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Estée Lauder Cos. Inc. interest coverage ratio deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Debt to Equity
Estée Lauder Cos. Inc., 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 | Dec 31, 2017 | Sep 30, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Current debt | 997) | 2,243) | 260) | 266) | 268) | 269) | 272) | 281) | 32) | 471) | 470) | 473) | 1,222) | 1,527) | 522) | 520) | 516) | 516) | 18) | 183) | 183) | 296) | 413) | 552) | |||||||
| Long-term debt, excluding current maturities | 7,117) | 5,128) | 5,111) | 5,107) | 5,144) | 5,188) | 5,259) | 5,267) | 5,537) | 5,487) | 4,913) | 4,913) | 4,914) | 4,674) | 4,662) | 2,895) | 2,896) | 2,883) | 3,373) | 3,361) | 3,361) | 3,363) | 3,374) | 3,383) | |||||||
| Total debt | 8,114) | 7,371) | 5,371) | 5,373) | 5,412) | 5,457) | 5,531) | 5,548) | 5,569) | 5,958) | 5,383) | 5,386) | 6,136) | 6,201) | 5,184) | 3,415) | 3,412) | 3,399) | 3,391) | 3,544) | 3,544) | 3,659) | 3,787) | 3,935) | |||||||
| Stockholders’ equity, The Estée Lauder Companies Inc. | 5,585) | 5,877) | 5,902) | 5,517) | 5,590) | 6,150) | 6,218) | 6,081) | 6,057) | 5,528) | 5,421) | 4,452) | 3,935) | 4,329) | 4,574) | 4,530) | 4,386) | 4,588) | 4,306) | 4,406) | 4,688) | 4,711) | 4,565) | 4,731) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||
| Debt to equity1 | 1.45 | 1.25 | 0.91 | 0.97 | 0.97 | 0.89 | 0.89 | 0.91 | 0.92 | 1.08 | 0.99 | 1.21 | 1.56 | 1.43 | 1.13 | 0.75 | 0.78 | 0.74 | 0.79 | 0.80 | 0.76 | 0.78 | 0.83 | 0.83 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||||
| Procter & Gamble Co. | 0.74 | 0.81 | 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-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).
1 Q4 2023 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity, The Estée Lauder Companies Inc.
= 8,114 ÷ 5,585 = 1.45
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Estée Lauder Cos. Inc. debt to equity ratio deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Debt to Equity (including Operating Lease Liability)
Estée Lauder Cos. Inc., debt to equity (including operating lease liability) calculation (quarterly data)
Based on: 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).
1 Q4 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity, The Estée Lauder Companies Inc.
= 10,169 ÷ 5,585 = 1.82
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Estée Lauder Cos. Inc. debt to equity ratio (including operating lease liability) deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Debt to Capital
Estée Lauder Cos. Inc., 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 | Dec 31, 2017 | Sep 30, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Current debt | 997) | 2,243) | 260) | 266) | 268) | 269) | 272) | 281) | 32) | 471) | 470) | 473) | 1,222) | 1,527) | 522) | 520) | 516) | 516) | 18) | 183) | 183) | 296) | 413) | 552) | |||||||
| Long-term debt, excluding current maturities | 7,117) | 5,128) | 5,111) | 5,107) | 5,144) | 5,188) | 5,259) | 5,267) | 5,537) | 5,487) | 4,913) | 4,913) | 4,914) | 4,674) | 4,662) | 2,895) | 2,896) | 2,883) | 3,373) | 3,361) | 3,361) | 3,363) | 3,374) | 3,383) | |||||||
| Total debt | 8,114) | 7,371) | 5,371) | 5,373) | 5,412) | 5,457) | 5,531) | 5,548) | 5,569) | 5,958) | 5,383) | 5,386) | 6,136) | 6,201) | 5,184) | 3,415) | 3,412) | 3,399) | 3,391) | 3,544) | 3,544) | 3,659) | 3,787) | 3,935) | |||||||
| Stockholders’ equity, The Estée Lauder Companies Inc. | 5,585) | 5,877) | 5,902) | 5,517) | 5,590) | 6,150) | 6,218) | 6,081) | 6,057) | 5,528) | 5,421) | 4,452) | 3,935) | 4,329) | 4,574) | 4,530) | 4,386) | 4,588) | 4,306) | 4,406) | 4,688) | 4,711) | 4,565) | 4,731) | |||||||
| Total capital | 13,699) | 13,248) | 11,273) | 10,890) | 11,002) | 11,607) | 11,749) | 11,629) | 11,626) | 11,486) | 10,804) | 9,838) | 10,071) | 10,530) | 9,758) | 7,945) | 7,798) | 7,987) | 7,697) | 7,950) | 8,232) | 8,370) | 8,352) | 8,666) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||
| Debt to capital1 | 0.59 | 0.56 | 0.48 | 0.49 | 0.49 | 0.47 | 0.47 | 0.48 | 0.48 | 0.52 | 0.50 | 0.55 | 0.61 | 0.59 | 0.53 | 0.43 | 0.44 | 0.43 | 0.44 | 0.45 | 0.43 | 0.44 | 0.45 | 0.45 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||||
| Procter & Gamble Co. | 0.43 | 0.45 | 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-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).
1 Q4 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 8,114 ÷ 13,699 = 0.59
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. | Estée Lauder Cos. Inc. debt to capital ratio deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Debt to Capital (including Operating Lease Liability)
Estée Lauder Cos. Inc., debt to capital (including operating lease liability) calculation (quarterly data)
Based on: 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).
1 Q4 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 10,169 ÷ 15,754 = 0.65
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Estée Lauder Cos. Inc. debt to capital ratio (including operating lease liability) deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Debt to Assets
Estée Lauder Cos. Inc., 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 | Dec 31, 2017 | Sep 30, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Current debt | 997) | 2,243) | 260) | 266) | 268) | 269) | 272) | 281) | 32) | 471) | 470) | 473) | 1,222) | 1,527) | 522) | 520) | 516) | 516) | 18) | 183) | 183) | 296) | 413) | 552) | |||||||
| Long-term debt, excluding current maturities | 7,117) | 5,128) | 5,111) | 5,107) | 5,144) | 5,188) | 5,259) | 5,267) | 5,537) | 5,487) | 4,913) | 4,913) | 4,914) | 4,674) | 4,662) | 2,895) | 2,896) | 2,883) | 3,373) | 3,361) | 3,361) | 3,363) | 3,374) | 3,383) | |||||||
| Total debt | 8,114) | 7,371) | 5,371) | 5,373) | 5,412) | 5,457) | 5,531) | 5,548) | 5,569) | 5,958) | 5,383) | 5,386) | 6,136) | 6,201) | 5,184) | 3,415) | 3,412) | 3,399) | 3,391) | 3,544) | 3,544) | 3,659) | 3,787) | 3,935) | |||||||
| Total assets | 23,415) | 22,715) | 20,731) | 19,989) | 20,910) | 21,359) | 22,078) | 21,580) | 21,971) | 19,900) | 19,595) | 17,903) | 17,781) | 18,363) | 17,937) | 15,431) | 13,156) | 12,931) | 12,676) | 12,543) | 12,567) | 12,772) | 12,604) | 12,202) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||
| Debt to assets1 | 0.35 | 0.32 | 0.26 | 0.27 | 0.26 | 0.26 | 0.25 | 0.26 | 0.25 | 0.30 | 0.27 | 0.30 | 0.35 | 0.34 | 0.29 | 0.22 | 0.26 | 0.26 | 0.27 | 0.28 | 0.28 | 0.29 | 0.30 | 0.32 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||||
| Procter & Gamble Co. | 0.29 | 0.31 | 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-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).
1 Q4 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 8,114 ÷ 23,415 = 0.35
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. | Estée Lauder Cos. Inc. debt to assets ratio deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Debt to Assets (including Operating Lease Liability)
Estée Lauder Cos. Inc., debt to assets (including operating lease liability) calculation (quarterly data)
Based on: 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).
1 Q4 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 10,169 ÷ 23,415 = 0.43
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Estée Lauder Cos. Inc. debt to assets ratio (including operating lease liability) deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Financial Leverage
Estée Lauder Cos. Inc., 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 | Dec 31, 2017 | Sep 30, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Total assets | 23,415) | 22,715) | 20,731) | 19,989) | 20,910) | 21,359) | 22,078) | 21,580) | 21,971) | 19,900) | 19,595) | 17,903) | 17,781) | 18,363) | 17,937) | 15,431) | 13,156) | 12,931) | 12,676) | 12,543) | 12,567) | 12,772) | 12,604) | 12,202) | |||||||
| Stockholders’ equity, The Estée Lauder Companies Inc. | 5,585) | 5,877) | 5,902) | 5,517) | 5,590) | 6,150) | 6,218) | 6,081) | 6,057) | 5,528) | 5,421) | 4,452) | 3,935) | 4,329) | 4,574) | 4,530) | 4,386) | 4,588) | 4,306) | 4,406) | 4,688) | 4,711) | 4,565) | 4,731) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||
| Financial leverage1 | 4.19 | 3.87 | 3.51 | 3.62 | 3.74 | 3.47 | 3.55 | 3.55 | 3.63 | 3.60 | 3.61 | 4.02 | 4.52 | 4.24 | 3.92 | 3.41 | 3.00 | 2.82 | 2.94 | 2.85 | 2.68 | 2.71 | 2.76 | 2.58 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||||
| Procter & Gamble Co. | 2.58 | 2.66 | 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-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).
1 Q4 2023 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity, The Estée Lauder Companies Inc.
= 23,415 ÷ 5,585 = 4.19
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Estée Lauder Cos. Inc. financial leverage ratio increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Interest Coverage
Estée Lauder Cos. Inc., interest coverage 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 | Dec 31, 2017 | Sep 30, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Net earnings (loss) attributable to The Estée Lauder Companies Inc. | (33) | 156) | 394) | 489) | 52) | 558) | 1,088) | 692) | 1,018) | 456) | 873) | 523) | (462) | (6) | 557) | 595) | 157) | 555) | 573) | 500) | 186) | 372) | 123) | 427) | |||||||
| Add: Net income attributable to noncontrolling interest | 1) | (1) | 3) | 1) | (2) | 15) | 2) | 3) | (3) | 2) | 4) | 2) | 3) | 2) | 4) | 3) | 1) | 2) | 4) | 2) | 2) | 2) | 2) | 3) | |||||||
| Add: Income tax expense | (16) | 125) | 135) | 143) | (2) | 130) | 298) | 202) | 35) | 122) | 153) | 146) | (146) | 84) | 250) | 162) | 41) | 170) | 171) | 131) | 73) | 106) | 565) | 119) | |||||||
| Add: Interest expense | 99) | 58) | 52) | 46) | 42) | 41) | 42) | 42) | 42) | 43) | 43) | 45) | 49) | 42) | 38) | 32) | 32) | 32) | 35) | 34) | 32) | 33) | 32) | 31) | |||||||
| Earnings before interest and tax (EBIT) | 51) | 338) | 584) | 679) | 90) | 744) | 1,430) | 939) | 1,092) | 623) | 1,073) | 716) | (556) | 122) | 849) | 792) | 231) | 759) | 783) | 667) | 293) | 513) | 722) | 580) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||
| Interest coverage1 | 6.48 | 8.54 | 11.59 | 17.21 | 19.18 | 25.18 | 24.17 | 21.92 | 20.25 | 10.31 | 7.57 | 6.50 | 7.50 | 13.85 | 19.63 | 19.58 | 18.35 | 18.81 | 16.84 | 16.76 | 16.47 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | |||||||||||||||||||||||||||||||
| Procter & Gamble Co. | 25.28 | 29.16 | 34.89 | 40.64 | 41.99 | 41.61 | 41.45 | 37.53 | 36.09 | 33.31 | 32.96 | 35.05 | 35.05 | 18.44 | 16.75 | 14.26 | 12.92 | — | — | — | — | — | — | — | |||||||
Based on: 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).
1 Q4 2023 Calculation
Interest coverage
= (EBITQ4 2023
+ EBITQ3 2023
+ EBITQ2 2023
+ EBITQ1 2023)
÷ (Interest expenseQ4 2023
+ Interest expenseQ3 2023
+ Interest expenseQ2 2023
+ Interest expenseQ1 2023)
= (51 + 338 + 584 + 679)
÷ (99 + 58 + 52 + 46)
= 6.48
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Estée Lauder Cos. Inc. interest coverage ratio deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |