PG changes
Pick any two versions below to diff them.
- Price
- $145.28 → $151.23(+4.1%)
- Discount category
- Below intrinsic value → Close to intrinsic value
- Balance sheet
- added: Cash: $9.9B Debt: $34.1B Net debt: $24.2B EBITDA, last 12 months: $22.9B Net debt / EBITDA: 1.1× (low) Interest cover: 22× Undrawn credit line: $8.0B Debt due within 12 months: $11.3B Ratings: Moody's Aa3 (stable outlook), S&P AA- (stable outlook) Procter & Gamble funds itself with cash from operations and with unsecured debt that the parent company issues. added: The strong rating keeps borrowing easy, and dividends and buybacks use about all of the cash it makes. At June 30, 2026, removed: total added: the debt removed: was $34.1 billion. $11.3 billion was due within one removed: year, including added: year included $4.8 billion of commercial paper. $22.8 billion was long-term notes in US dollars and euros, at an average rate of 3.3%. removed: Cash was $9.9 billion, so net debt was about $24.2 billion. This added: EBITDA is removed: about 1.1 times fiscal 2026 operating income plus depreciation and removed: amortization of $22.9 billion. Operating income of $19.7 billion covered interest expense of $877 million about 22 times. Moody's rates P&G Aa3 and S&P rates it AA-, both with a stable outlook at June 30, 2026. An added: amortization. The undrawn removed: $8.0 billion bank facility supports the commercial paper program. Current liabilities were $12.5 billion more than current assets. This is normal for P&G, because it pays maturing short-term debt with new commercial paper. In fiscal 2026, P&G paid $10.2 billion in dividends and spent $5.0 billion on buybacks. This used about all of its $15.8 billion adjusted free cash flow. The fiscal 2027 plan is about $10 billion in dividends and $5 billion in buybacks, slightly more than the cash it expects to make. Thus debt stays about flat or rises a removed: little, and the strong rating keeps borrowing easy. added: little. As of Jun 30, 2026.