Clorox Co (Clorox Co) Debt-to-Equity

: 59.04 (As of Dec. 2023)

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Clorox Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $339 Mil. Clorox Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,790 Mil. Clorox Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $53 Mil. Clorox Co's debt to equity for the quarter that ended in Dec. 2023 was 59.04.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Clorox Co's Debt-to-Equity or its related term are showing as below:

CLX' s Debt-to-Equity Range Over the Past 10 Years
Min: -86.57 Med: 7.44 Max: 1008.33
Current: 59.04

During the past 13 years, the highest Debt-to-Equity Ratio of Clorox Co was 1008.33. The lowest was -86.57. And the median was 7.44.

CLX's Debt-to-Equity is ranked worse than
99.94% of 1638 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs CLX: 59.04

Clorox Co Debt-to-Equity Historical Data

The historical data trend for Clorox Co's Debt-to-Equity 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.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 4.80 [6] => 3.44 [7] => 7.70 [8] => 5.58 [9] => 13.29 )

Clorox Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

4.80

3.44

7.70

5.58

13.29

Clorox Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																9.60	1,008.33	13.29	-86.57	59.04

Competitive Comparison

For the Household & Personal Products subindustry, Clorox Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Clorox Co Debt-to-Equity Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Clorox Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Clorox Co's Debt-to-Equity falls into.

Clorox Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Clorox Co's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(137	+	2787)	/	220
	=	13.29

Clorox Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(339	+	2790)	/	53
	=	59.04

Clorox Co (NYSE:CLX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Clorox Co Debt-to-Equity Related Terms

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Clorox Co (Clorox Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Clorox Co (NYSE:CLX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CLX:Mexico 1CLX:Italy CXX:Germany CXX:Germany

Address

1221 Broadway, Oakland, CA, USA, 94612-1888

Website

https://www.thecloroxcompany.com

Since its inception more than 100 years ago, Clorox has grown to play in a variety of categories across the consumer products space, including cleaning supplies, laundry care, trash bags, cat litter, charcoal, food dressings, water-filtration products, and natural personal-care products. Beyond its namesake brand, the firm's portfolio includes Liquid-Plumr, Pine-Sol, S.O.S, Tilex, Kingsford, Fresh Step, Glad, Hidden Valley, KC Masterpiece, Brita, and Burt's Bees. Just shy of 85% of Clorox's sales stem from its home turf.

Executives

Kevin B Jacobsen	officer: SVP - Chief Financial Officer	1221 BROADWAY, OAKLAND CA 94612
Shanique Bonelli-moore	officer: VP - Chief Diversity & Soc Imp	1221 BROADWAY, OAKLAND CA 94612
Mackay A D David	director
Michael M Ott	officer: SVP - Chief Research & Dev Off	1221 BROADWAY, OAKLAND CA 94612
Stephanie Plaines	director	200 E. RANDOLPH DRIVE, CHICAGO IL 60601
Julia Charter	director	1221 BROADWAY, OAKLAND CA 94612
Eric H Reynolds	officer: SVP-Chief Marketing Officer	1221 BROADWAY, OAKLAND CA 94612
Rebecca Dunphey	officer: SVP & GM - Specialty Division	1221 BROADWAY, OAKLAND CA 94612
Eric Sean Schwartz	officer: SVP - Chief Marketing Officer	1221 BROADWAY, OAKLAND CA 94612
Diego J Barral	officer: SVP - GM, International	1221 BROADWAY, OAKLAND CA 94612
Matthew Gregory	officer: SVP - Chief Customer Officer	1221 BROADWAY, OAKLAND CA 94612
Chris T Hyder	officer: SVP, Cleaning & Prof Prod Div	1221 BROADWAY, OAKLAND CA 94612
Laurene E Peck	officer: VP - CAO & Corp Controller	1221 BROADWAY, OAKLAND CA 94612
Angela C Hilt	officer: SVP - Chief Legal Officer	1221 BROADWAY, OAKLAND CA 94612
Richard T Mcdonald	officer: SVP - Chief Product Supply Off	1221 BROADWAY, OAKLAND CA 94612