Kimberly-Clark Corporation (KMB) Balance Sheet
KMB balance sheet, 2025
December 31, 2025 · U.S. dollars$17.23B assets = $15.57B liabilities + $1.65B equity
Both columns are drawn to the same scale: what KMB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
KMB financial health
Current ratio0.75
Tight · current assets cover current liabilities 0.75×
Debt / equity4.86
High leverage · $4.86 of debt for each $1 of equity
Equity / assets8.7%
Thin equity · of assets funded by shareholders
Cash / debt9.4%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles11.1%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
KMB balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $14.60B2016 | $17.23B2025 | +1.9%/yr | |
| Total liabilities | $14.48B2016 | $15.57B2025 | +0.8%/yr | |
| Shareholders’ equity | $117.0M2016 | $1.50B2025 | +32.8%/yr | |
| Cash & short-term investments | $923.0M2016 | $688.0M2025 | −3.2%/yr | |
| Total debt | $7.63B2016 | $7.30B2025 | −0.5%/yr | |
| Net cash (debt) | −$6.71B2016 | −$6.61B2025 | +$99.0M | |
| Working capital | −$731.0M2016 | −$1.81B2025 | −$1.1B | |
| Book value per share | $0.322016 | $4.512025 | +34.0%/yr | |
| Current ratio | 0.872016 | 0.752025 | −0.13 | |
| Debt / equity | 65.212016 | 4.862025 | −60.36 | |
| Shares outstanding | 361.7M2016 | 333.1M2025 | −0.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
KMB assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
KMB liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
KMB debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
KMB balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $688.0M | $1.02B | $1.09B | $427.0M | $270.0M | $303.0M | $442.0M | $539.0M | $616.0M | $923.0M |
| Cash & equivalents | $688.0M | $1.02B | $1.09B | $427.0M | $270.0M | $303.0M | $442.0M | $539.0M | $616.0M | $923.0M |
| Short-term investments | $86.0M | $171.0M | — | — | — | $300.0M | — | — | $0 | $0 |
| Receivables | $1.89B | $2.01B | $2.13B | $2.28B | $2.21B | $2.23B | $2.26B | $2.16B | $2.31B | $2.18B |
| Inventory | $1.48B | $1.82B | $1.96B | $2.27B | $2.24B | $1.90B | $1.79B | $1.81B | $1.79B | $1.68B |
| Other current assets | $1.25B | $728.0M | $520.0M | $753.0M | $849.0M | $733.0M | $562.0M | $525.0M | $490.0M | $337.0M |
| Total current assets | $5.31B | $5.58B | $5.70B | $5.73B | $5.57B | $5.17B | $5.06B | $5.04B | $5.21B | $5.12B |
| Property, plant & equipment (net) | $6.78B | $7.51B | $7.91B | $7.88B | $8.10B | $8.04B | $7.45B | $7.16B | $7.44B | $7.17B |
| Goodwill & intangible assets | $1.92B | $2.05B | $2.28B | $2.92B | $2.65B | $2.73B | $1.50B | $2.95B | $3.15B | $1.56B |
| Long-term investments | $330.0M | $314.0M | $306.0M | $238.0M | $290.0M | $300.0M | $268.0M | $224.0M | $233.0M | $257.0M |
| Other non-current assets | $2.90B | $1.09B | $1.14B | $1.19B | $1.24B | $1.28B | $1.01B | $0 | $0 | $498.0M |
| Total assets | $17.23B | $16.55B | $17.34B | $17.97B | $17.84B | $17.52B | $15.28B | $14.52B | $15.15B | $14.60B |
| Liabilities | ||||||||||
| Accounts payable | $3.39B | $3.71B | $3.65B | $3.81B | $3.84B | $3.34B | $3.06B | $3.19B | $2.83B | $2.61B |
| Short-term debt | $822.0M | $683.0M | $697.0M | $844.0M | $433.0M | $486.0M | $1.66B | $1.21B | $953.0M | $1.13B |
| Deferred revenue | — | — | $14.0M | $647.0M | — | — | — | $2.12B | $2.03B | $2.06B |
| Total current liabilities | $7.12B | $7.00B | $6.93B | $7.33B | $6.75B | $6.44B | $6.92B | $6.54B | $5.86B | $5.85B |
| Long-term debt | $6.47B | $6.88B | $7.42B | $7.84B | $8.17B | $7.91B | $6.21B | $6.25B | $6.47B | $6.50B |
| Lease obligations | $128.0M | $131.0M | $130.0M | $127.0M | $130.0M | $133.0M | $130.0M | — | — | — |
| Other long-term liabilities | $1.98B | $1.69B | $1.93B | $2.10B | $2.18B | $2.31B | $1.96B | $1.78B | $1.94B | $2.14B |
| Total liabilities | $15.57B | $15.57B | $16.28B | $17.27B | $17.10B | $16.65B | $15.09B | $14.56B | $14.27B | $14.48B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $473.0M | $473.0M | $473.0M | $473.0M | $473.0M | $473.0M | $473.0M | $473.0M | $473.0M | $473.0M |
| Retained earnings (deficit) | $9.61B | $9.26B | $8.37B | $8.20B | $7.86B | $7.57B | $6.69B | $5.95B | $5.77B | $5.83B |
| Treasury stock | — | — | — | — | −$5.18B | −$4.90B | −$4.45B | −$3.96B | −$4.43B | −$3.63B |
| Accumulated other comprehensive income | −$3.44B | −$3.77B | −$3.58B | −$3.67B | −$3.24B | −$3.17B | −$3.29B | −$3.30B | −$2.92B | −$3.47B |
| Minority interest | $128.0M | $135.0M | $153.0M | $153.0M | — | — | $227.0M | $241.0M | $253.0M | $219.0M |
| Total shareholders' equity | $1.50B | $840.0M | $915.0M | $700.0M | $737.0M | $869.0M | −$33.0M | −$287.0M | $629.0M | $117.0M |
| Key figures | ||||||||||
| Total debt | $7.30B | $7.92B | $8.11B | $8.68B | $8.60B | $8.39B | $7.88B | $7.46B | $7.42B | $7.63B |
| Net cash (debt) | −$6.61B | −$6.89B | −$7.02B | −$8.25B | −$8.33B | −$8.09B | −$7.43B | −$6.92B | −$6.81B | −$6.71B |
| Working capital | −$1.81B | −$1.42B | −$1.23B | −$1.60B | −$1.18B | −$1.27B | −$1.86B | −$1.50B | −$647.0M | −$731.0M |
| Tangible book value | −$414.0M | −$1.21B | −$1.37B | −$2.23B | −$1.91B | −$1.86B | −$1.53B | −$3.23B | −$2.52B | −$1.45B |
| Book value per share | $4.51 | $2.49 | $2.70 | $2.07 | $2.18 | $2.54 | −$0.10 | −$0.82 | $1.77 | $0.32 |
| Shares outstanding | 333.1M | 337.0M | 338.8M | 338.3M | 338.8M | 342.5M | 345.6M | 349.6M | 355.9M | 361.7M |
| Current ratio | 0.75 | 0.80 | 0.82 | 0.78 | 0.82 | 0.80 | 0.73 | 0.77 | 0.89 | 0.87 |
| Quick ratio | 0.36 | 0.43 | 0.47 | 0.37 | 0.37 | 0.39 | 0.39 | 0.41 | 0.50 | 0.53 |
| Debt / equity | 4.86 | 9.42 | 8.87 | 12.40 | 11.67 | 9.66 | — | — | 11.80 | 65.21 |
| Equity / assets | 8.7% | 5.1% | 5.3% | 3.9% | 4.1% | 5.0% | −0.2% | −2.0% | 4.2% | 0.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $956.0M | $542.0M | $688.0M | $617.0M | $634.0M | $563.0M | $1.02B | $1.11B | $1.16B | $853.0M | $1.09B | $814.0M |
| Cash & equivalents | $956.0M | $542.0M | $688.0M | $617.0M | $634.0M | $563.0M | $1.02B | $1.11B | $1.16B | $853.0M | $1.09B | $814.0M |
| Short-term investments | — | — | $86.0M | — | — | — | $171.0M | — | — | — | — | — |
| Receivables | $1.86B | $2.00B | $1.89B | $1.97B | $2.01B | $2.18B | $2.01B | $2.23B | $2.31B | $2.38B | $2.13B | $2.30B |
| Inventory | $1.54B | $1.48B | $1.48B | $1.54B | $1.56B | $1.91B | $1.82B | $1.94B | $1.92B | $1.88B | $1.96B | $2.02B |
| Other current assets | $2.00B | $1.27B | $1.25B | $1.34B | $1.36B | $633.0M | $728.0M | $570.0M | $565.0M | $487.0M | $520.0M | $594.0M |
| Total current assets | $6.35B | $5.29B | $5.31B | $5.47B | $5.56B | $5.28B | $5.58B | $5.85B | $5.95B | $5.60B | $5.70B | $5.73B |
| Property, plant & equipment (net) | $6.95B | $6.83B | $6.78B | $6.53B | $6.32B | $7.51B | $7.51B | $7.70B | $7.62B | $7.77B | $7.91B | $7.70B |
| Goodwill & intangible assets | $1.90B | $1.92B | $1.92B | $1.91B | $1.92B | $2.06B | $2.05B | $2.15B | $2.20B | $2.23B | $2.28B | $2.24B |
| Long-term investments | $381.0M | $383.0M | $330.0M | $355.0M | $359.0M | $354.0M | $314.0M | $362.0M | $381.0M | $364.0M | $306.0M | $320.0M |
| Other non-current assets | $2.97B | $2.76B | $2.90B | $2.62B | $2.62B | $1.11B | $1.09B | $1.10B | $1.13B | $1.12B | $1.14B | $1.16B |
| Total assets | $18.55B | $17.18B | $17.23B | $16.89B | $16.77B | $16.30B | $16.55B | $17.16B | $17.28B | $17.09B | $17.34B | $17.15B |
| Liabilities | ||||||||||||
| Accounts payable | $3.37B | $3.25B | $3.39B | $2.81B | $3.25B | $3.60B | $3.71B | $3.64B | $3.61B | $3.53B | $3.65B | $3.49B |
| Short-term debt | $43.0M | $609.0M | $822.0M | $771.0M | $771.0M | $766.0M | $683.0M | $569.0M | $806.0M | $809.0M | $697.0M | $687.0M |
| Deferred revenue | — | — | — | — | — | — | — | −$569.0M | $408.0M | $407.0M | $2.09B | −$687.0M |
| Total current liabilities | $6.99B | $6.90B | $7.12B | $7.08B | $7.17B | $6.92B | $7.00B | $7.07B | $7.01B | $6.88B | $6.93B | $6.83B |
| Long-term debt | $6.47B | $6.47B | $6.47B | $6.47B | $6.47B | $6.48B | $6.88B | $6.88B | $7.16B | $7.16B | $7.42B | $7.61B |
| Lease obligations | — | — | $128.0M | — | — | — | $131.0M | — | — | — | $130.0M | — |
| Other long-term liabilities | $3.20B | $1.72B | $1.98B | $1.87B | $1.73B | $1.68B | $1.69B | $1.77B | $1.83B | $1.87B | $1.93B | $1.87B |
| Total liabilities | $16.66B | $15.27B | $15.57B | $15.42B | $15.37B | $15.08B | $15.57B | $15.72B | $16.00B | $15.91B | $16.28B | $16.31B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $473.0M | $473.0M | $473.0M | $473.0M | $473.0M | $473.0M | $473.0M | $473.0M | $473.0M | $473.0M | $473.0M | $473.0M |
| Retained earnings (deficit) | $9.77B | $9.85B | $9.61B | $9.52B | $9.49B | $9.41B | $9.26B | $9.28B | $8.73B | $8.60B | $8.37B | $8.22B |
| Accumulated other comprehensive income | −$3.39B | −$3.41B | −$3.44B | −$3.50B | −$3.51B | −$3.63B | −$3.77B | −$3.56B | −$3.63B | −$3.65B | −$3.58B | −$3.67B |
| Minority interest | $124.0M | $118.0M | $128.0M | $136.0M | $132.0M | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.75B | $1.80B | $1.50B | $1.33B | $1.27B | $1.10B | $840.0M | $1.28B | $1.14B | $1.04B | $915.0M | $680.0M |
| Key figures | ||||||||||||
| Total debt | $6.52B | $7.08B | $7.30B | $7.24B | $7.24B | $7.25B | $7.92B | $7.45B | $7.96B | $7.97B | $8.11B | $8.30B |
| Net cash (debt) | −$5.56B | −$6.54B | −$6.61B | −$6.62B | −$6.61B | −$6.68B | −$6.89B | −$6.34B | −$6.80B | −$7.12B | −$7.02B | −$7.49B |
| Working capital | −$634.0M | −$1.61B | −$1.81B | −$1.60B | −$1.61B | −$1.64B | −$1.42B | −$1.22B | −$1.06B | −$1.28B | −$1.23B | −$1.10B |
| Tangible book value | −$154.0M | −$120.0M | −$414.0M | −$579.0M | −$646.0M | −$955.0M | −$1.21B | −$870.0M | −$1.07B | −$1.19B | −$1.37B | −$1.56B |
| Book value per share | $5.25 | $5.39 | $4.51 | $4.00 | $3.81 | $3.30 | $2.51 | $3.81 | $3.36 | $3.09 | $2.70 | $2.01 |
| Shares outstanding | 333.3M | 333.2M | 333.1M | 333.3M | 333.3M | 333.3M | 334.4M | 337.2M | 338.0M | 338.3M | 339.0M | 338.9M |
| Current ratio | 0.91 | 0.77 | 0.75 | 0.77 | 0.77 | 0.76 | 0.80 | 0.83 | 0.85 | 0.81 | 0.82 | 0.84 |
| Quick ratio | 0.40 | 0.37 | 0.36 | 0.37 | 0.37 | 0.40 | 0.43 | 0.47 | 0.49 | 0.47 | 0.47 | 0.46 |
| Debt / equity | 3.72 | 3.94 | 4.86 | 5.44 | 5.70 | 6.58 | 9.42 | 5.80 | 7.01 | 7.63 | 8.87 | 12.21 |
| Equity / assets | 9.4% | 10.5% | 8.7% | 7.9% | 7.6% | 6.8% | 5.1% | 7.5% | 6.6% | 6.1% | 5.3% | 4.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 12, 2026); data from EODHD.
KMB financial position
At the end of fiscal 2025 (December 31, 2025), Kimberly-Clark had total assets of $17.2 billion (up 4.1% from a year earlier), total liabilities of $15.6 billion and shareholders' equity of $1.5 billion. It held $688.0 million in cash and short-term investments against $7.3 billion of debt, net debt of $6.6 billion. Its current ratio was 0.75. In the latest quarter (ended June 30, 2026) total assets were $18.6 billion and equity $1.8 billion.
Related: KMB income statement, KMB cash flow statement, KMB key metrics. See the KMB stock overview for the latest quote and news.
KMB balance sheet FAQ
What are Kimberly-Clark's total assets?
Kimberly-Clark reported total assets of $17.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $16.5 billion a year earlier.
How much debt does Kimberly-Clark have?
Kimberly-Clark had $7.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 4.86.
How much cash does Kimberly-Clark have?
Kimberly-Clark held $688.0 million in cash and short-term investments at the end of fiscal 2025; with $7.3 billion of debt that is net debt of $6.6 billion.
What is Kimberly-Clark's book value?
Kimberly-Clark's shareholders' equity (book value) was $1.5 billion at the end of fiscal 2025, or $4.51 per share.
What is Kimberly-Clark's current ratio?
Kimberly-Clark had current assets of $5.3 billion and current liabilities of $7.1 billion, a current ratio of 0.75 (current liabilities exceed current assets).
How much goodwill does Kimberly-Clark have?
Kimberly-Clark carried $1.9 billion of goodwill and intangible assets, 11.1% of total assets, at the end of fiscal 2025.