Colgate-Palmolive's Debt Overview
Portfolio Pulse from Benzinga Insights
Colgate-Palmolive Inc. (NYSE:CL) has a total debt of $8.91 billion, with $8.87 billion in long-term debt and $37.00 million in current debt. After adjusting for $867.00 million in cash-equivalents, the company's net debt stands at $8.04 billion. The company's debt-ratio is 0.55, considering its total assets of $16.17 billion. Debt is an important factor in a company's capital structure and can help it attain growth.
July 13, 2023 | 3:15 pm
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Colgate-Palmolive's total debt is $8.91 billion, with a net debt of $8.04 billion. The company's debt-ratio is 0.55, indicating a moderate level of financial leverage.
The company's debt levels and debt-ratio indicate a moderate level of financial leverage. While debt can help a company grow by providing additional capital, it also increases the risk of defaulting on loans, especially if interest rates increase. The company's debt-ratio of 0.55 is within acceptable limits for many industries, but it does indicate a significant reliance on debt for financing. This could impact the company's cash flow due to interest-payment obligations.
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