| Previous Close | 74.44 |
| Open | 74.61 |
| Bid | 74.45 x 1400 |
| Ask | 76.47 x 900 |
| Day's Range | 74.57 - 76.24 |
| 52 Week Range | 58.49 - 86.41 |
| Volume | 10,241,260 |
| Avg. Volume | 4,271,721 |
| Market Cap | 64.542B |
| Beta (5Y Monthly) | 0.61 |
| PE Ratio (TTM) | 24.22 |
| EPS (TTM) | 3.14 |
| Earnings Date | Apr 30, 2021 |
| Forward Dividend & Yield | 1.76 (2.31%) |
| Ex-Dividend Date | Jan 22, 2021 |
| 1y Target Est | 85.21 |
- Zacks
Why Colgate-Palmolive (CL) is a Top Dividend Stock for Your Portfolio
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Colgate-Palmolive (CL) have what it takes? Let's find out.
- Benzinga
A Look Into Colgate-Palmolive's Debt
Shares of Colgate-Palmolive (NYSE:CL) decreased by 12.60% in the past three months. Before we understand the importance of debt, let us look at how much debt Colgate-Palmolive has. Colgate-Palmolive's Debt Based on Colgate-Palmolive's balance sheet as of February 18, 2021, long-term debt is at $7.33 billion and current debt is at $267.00 million, amounting to $7.60 billion in total debt. Adjusted for $888.00 million in cash-equivalents, the company's net debt is at $6.71 billion. Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents. Investors look at the debt-ratio to understand how much financial leverage a company has. Colgate-Palmolive has $15.92 billion in total assets, therefore making the debt-ratio 0.48. As a rule of thumb, a debt-ratio more than one indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can also imply that the company might be putting itself at risk for default, if interest rates were to increase. However, debt-ratios vary widely across different industries. A debt ratio of 40% might be higher for one industry and average for another. Why Debt Is Important Besides equity, debt is an important factor in the capital structure of a company, and contributes to its growth. Due to its lower financing cost compared to equity, it becomes an attractive option for executives trying to raise capital. However, due to interest-payment obligations, cash-flow of a company can be impacted. Having financial leverage also allows companies to use additional capital for business operations, allowing equity owners to retain excess profit, generated by the debt capital. Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more. See more from BenzingaClick here for options trades from Benzinga12 Information Technology Stocks Moving In Friday's Pre-Market SessionA Look Into Visa's Debt© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Simply Wall St.
The Colgate-Palmolive (NYSE:CL) Share Price Has Gained 11% And Shareholders Are Hoping For More
Colgate-Palmolive Company ( NYSE:CL ) shareholders might be concerned after seeing the share price drop 12% in the last...
