Colgate-Palmolive Co (Colgate-Palmolive Co) Interest Expense

: $-232 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Colgate-Palmolive Co's interest expense for the three months ended in Dec. 2023 was $ -62 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-232 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Colgate-Palmolive Co's Operating Income for the three months ended in Dec. 2023 was $ 1,173 Mil. Colgate-Palmolive Co's Interest Expense for the three months ended in Dec. 2023 was $ -62 Mil. Colgate-Palmolive Co's Interest Coverage for the quarter that ended in Dec. 2023 was 18.92. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Colgate-Palmolive Co Interest Expense Historical Data

The historical data trend for Colgate-Palmolive Co's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Colgate-Palmolive Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-192.00

-183.00

-117.00

-167.00

-287.00

Colgate-Palmolive Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-55.00	-54.00	-58.00	-58.00	-62.00

Colgate-Palmolive Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-232 Mil.

Colgate-Palmolive Co (NYSE:CL) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Colgate-Palmolive Co's Interest Expense for the three months ended in Dec. 2023 was $-62 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,173 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $8,639 Mil.

Colgate-Palmolive Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1173	/	-62
	=	18.92

The higher the ratio, the stronger the company's financial strength is.

Colgate-Palmolive Co (Colgate-Palmolive Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Colgate-Palmolive Co (NYSE:CL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CL:Mexico 1CL:Italy CPA:Germany CPA:Germany CPA:Germany CPA:Germany COLG34:Brazil COLG:Austria CL:Argentina

Address

300 Park Avenue, New York, NY, USA, 10022-7499

Website

https://www.colgatepalmolive.com

Since its founding in 1806, Colgate-Palmolive has grown to become a leading global consumer product company. In addition to its namesake oralcare line, the firm manufactures shampoos, shower gels, deodorants, and homecare products that are sold in over 200 countries. International accounts for about 70% of its total sales base, including approximately 45% from emerging regions. It also owns specialty pet food maker Hill's, which sells its products through veterinarians and specialty pet retailers.

Executives

Jennifer Daniels	officer: CLO and Secretary	C/O BARNES & NOBLE, INC., 122 FIFTH AVENUE, NEW YORK NY 10011
Panagiotis Tsourapas	officer: Pres., Colgate-Africa/Eurasia	C/O COLGATE-PALMOLIVE COMPANY, 300 PARK AVENUE, NEW YORK NY 10022
John T Cahill	director	LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
John W Kooyman	officer: Chief Marketing Officer	300 PARK AVENUE, NEW YORK NY 10022
Lorrie M Norrington	director	C/O EBAY INC., 2145 HAMILTON AVENUE, SAN JOSE CA 95125
Noel R. Wallace	officer: Pres.- Colgate No. America	C/O COLGATE-PALMOLIVE COMPANY, 300 PARK AVENUE, NEW YORK NY 10022
Gregory Malcolm	officer: Vice President and Controller	300 PARK AVENUE, NEW YORK NY 10022
Sally Massey	officer: Chief Human Resources Officer	300 PARK AVENUE, NEW YORK NY 10022
John P Bilbrey	director
Prabha Parameswaran	officer: Grp Pres, Glbl Innov. & AF/Eus	300 PARK AVENUE, NEW YORK NY 10022
Stephen I Sadove	director
C Martin Harris	director
Steven A Cahillane	director	ONE COCA-COLA PLAZA, ATLANTA GA 30313
Philip G. Shotts	officer: Vice President and Controller	300 PARK AVENUE, NEW YORK NY 10022
Patricia Verduin	officer: Chief Technology Officer	ONE CONAGRA DRIVE, OMAHA NE 68102