Procter & Gamble Co.、合并资产负债表结构：负债和股东权益（季度数据）
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2025年6月30日 |
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2025年3月31日 |
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2024年12月31日 |
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2024年9月30日 |
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2024年6月30日 |
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2024年3月31日 |
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2023年12月31日 |
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2023年9月30日 |
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2023年6月30日 |
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2023年3月31日 |
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2022年12月31日 |
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2022年9月30日 |
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2022年6月30日 |
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2022年3月31日 |
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2021年12月31日 |
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2021年9月30日 |
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2021年6月30日 |
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2021年3月31日 |
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2020年12月31日 |
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2020年9月30日 |
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2020年6月30日 |
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2020年3月31日 |
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2019年12月31日 |
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2019年9月30日 |
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应付帐款 |
12.16% | |
11.80% | |
11.82% | |
12.14% | |
12.56% | |
11.45% | |
11.79% | |
11.78% | |
12.08% | |
11.51% | |
12.02% | |
12.77% | |
12.70% | |
11.79% | |
11.66% | |
11.89% | |
11.50% | |
10.39% | |
10.01% | |
9.95% | |
10.00% | |
8.83% | |
9.65% | |
9.60% | |
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应计负债和其他负债 |
9.04% | |
8.01% | |
8.05% | |
8.43% | |
9.05% | |
9.13% | |
9.20% | |
8.91% | |
9.05% | |
8.78% | |
8.74% | |
8.65% | |
8.15% | |
8.59% | |
8.68% | |
8.67% | |
8.82% | |
9.51% | |
9.27% | |
8.65% | |
8.05% | |
8.21% | |
9.16% | |
8.72% | |
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一年内到期的债务 |
7.60% | |
8.04% | |
7.68% | |
8.23% | |
5.88% | |
6.46% | |
8.79% | |
9.64% | |
8.47% | |
11.45% | |
12.15% | |
10.08% | |
7.38% | |
8.24% | |
10.98% | |
10.02% | |
7.45% | |
7.51% | |
7.15% | |
6.43% | |
9.27% | |
10.71% | |
8.19% | |
8.20% | |
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流动负债 |
28.79% |
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27.85% |
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27.56% |
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28.79% |
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27.48% |
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27.04% |
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29.78% |
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30.33% |
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29.59% |
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31.73% |
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32.92% |
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31.49% |
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28.22% |
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28.62% |
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31.32% |
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30.58% |
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27.77% |
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27.42% |
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26.43% |
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25.03% |
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27.32% |
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27.75% |
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27.00% |
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26.52% |
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长期债务，不包括一年内到期的债务 |
19.96% | |
19.72% | |
20.60% | |
20.35% | |
20.65% | |
20.28% | |
19.13% | |
19.64% | |
20.18% | |
19.09% | |
17.48% | |
18.31% | |
19.49% | |
19.77% | |
18.38% | |
17.18% | |
19.36% | |
18.03% | |
18.74% | |
19.97% | |
19.50% | |
19.66% | |
16.99% | |
17.68% | |
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递延所得税 |
4.61% | |
5.27% | |
5.48% | |
5.08% | |
5.32% | |
5.25% | |
5.15% | |
5.56% | |
5.36% | |
5.36% | |
5.49% | |
6.01% | |
5.81% | |
5.44% | |
5.36% | |
5.28% | |
5.16% | |
5.12% | |
5.06% | |
5.25% | |
5.14% | |
5.32% | |
5.59% | |
5.55% | |
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其他非流动负债 |
4.89% | |
4.44% | |
4.41% | |
4.55% | |
5.23% | |
5.34% | |
5.48% | |
5.29% | |
5.92% | |
5.93% | |
6.12% | |
6.07% | |
6.50% | |
8.12% | |
7.96% | |
8.18% | |
8.61% | |
9.26% | |
9.36% | |
9.24% | |
9.20% | |
8.52% | |
9.33% | |
9.06% | |
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非流动负债 |
29.46% |
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29.43% |
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30.49% |
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29.98% |
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31.20% |
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30.87% |
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29.77% |
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30.49% |
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31.46% |
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30.37% |
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29.09% |
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30.38% |
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31.80% |
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33.33% |
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31.71% |
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30.64% |
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33.13% |
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32.41% |
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33.16% |
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34.46% |
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33.84% |
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33.50% |
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31.91% |
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32.28% |
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负债合计 |
58.25% |
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57.27% |
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58.05% |
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58.78% |
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58.68% |
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57.91% |
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59.55% |
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60.81% |
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61.05% |
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62.10% |
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62.01% |
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61.87% |
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60.02% |
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61.95% |
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63.03% |
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61.22% |
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60.90% |
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59.82% |
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59.59% |
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59.49% |
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61.16% |
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61.25% |
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58.91% |
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58.81% |
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优先股 |
0.62% | |
0.64% | |
0.64% | |
0.63% | |
0.65% | |
0.67% | |
0.67% | |
0.66% | |
0.68% | |
0.69% | |
0.71% | |
0.72% | |
0.72% | |
0.70% | |
0.71% | |
0.72% | |
0.73% | |
0.75% | |
0.74% | |
0.74% | |
0.74% | |
0.76% | |
0.82% | |
0.80% | |
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普通股 |
3.20% | |
3.26% | |
3.27% | |
3.17% | |
3.28% | |
3.35% | |
3.32% | |
3.27% | |
3.32% | |
3.34% | |
3.41% | |
3.45% | |
3.42% | |
3.33% | |
3.30% | |
3.35% | |
3.36% | |
3.43% | |
3.34% | |
3.34% | |
3.32% | |
3.38% | |
3.59% | |
3.51% | |
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额外实收资本 |
54.91% | |
55.79% | |
55.68% | |
53.84% | |
55.31% | |
56.35% | |
55.45% | |
54.53% | |
55.08% | |
55.33% | |
56.19% | |
56.72% | |
56.14% | |
54.58% | |
53.89% | |
54.44% | |
54.35% | |
55.39% | |
53.84% | |
53.77% | |
53.18% | |
53.96% | |
57.30% | |
56.07% | |
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员工持股计划（ESOP）债务偿还准备金 |
-0.54% | |
-0.55% | |
-0.58% | |
-0.56% | |
-0.60% | |
-0.62% | |
-0.65% | |
-0.64% | |
-0.68% | |
-0.69% | |
-0.74% | |
-0.75% | |
-0.78% | |
-0.76% | |
-0.79% | |
-0.81% | |
-0.84% | |
-0.86% | |
-0.89% | |
-0.87% | |
-0.89% | |
-0.91% | |
-1.00% | |
-0.97% | |
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累计其他综合亏损 |
-9.70% | |
-9.19% | |
-9.49% | |
-8.61% | |
-9.72% | |
-10.34% | |
-10.08% | |
-10.27% | |
-10.11% | |
-10.23% | |
-10.62% | |
-11.02% | |
-10.40% | |
-11.19% | |
-11.17% | |
-11.75% | |
-11.52% | |
-13.26% | |
-12.56% | |
-13.25% | |
-13.39% | |
-13.42% | |
-13.37% | |
-13.41% | |
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库存股 |
-110.76% | |
-112.27% | |
-111.80% | |
-106.59% | |
-109.00% | |
-110.51% | |
-109.26% | |
-106.93% | |
-107.37% | |
-108.47% | |
-109.60% | |
-109.39% | |
-105.27% | |
-101.71% | |
-100.10% | |
-97.97% | |
-96.37% | |
-96.03% | |
-91.23% | |
-89.07% | |
-87.47% | |
-89.26% | |
-94.66% | |
-89.88% | |
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留存收益 |
103.79% | |
104.83% | |
104.00% | |
99.11% | |
101.18% | |
102.96% | |
100.75% | |
98.30% | |
97.80% | |
97.69% | |
98.42% | |
98.18% | |
95.92% | |
92.87% | |
90.92% | |
90.55% | |
89.16% | |
90.49% | |
86.89% | |
85.52% | |
83.05% | |
83.90% | |
88.09% | |
84.72% | |
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归属于宝洁公司的股东权益 |
41.53% |
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42.50% |
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41.72% |
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40.99% |
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41.09% |
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41.86% |
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40.21% |
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38.92% |
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38.71% |
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37.66% |
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37.76% |
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37.90% |
|
39.75% |
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37.83% |
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36.75% |
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38.53% |
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38.87% |
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39.90% |
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40.11% |
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40.19% |
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38.54% |
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38.41% |
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40.76% |
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40.84% |
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非控制性权益 |
0.22% | |
0.22% | |
0.22% | |
0.24% | |
0.22% | |
0.23% | |
0.24% | |
0.26% | |
0.24% | |
0.23% | |
0.23% | |
0.22% | |
0.23% | |
0.22% | |
0.23% | |
0.25% | |
0.23% | |
0.28% | |
0.30% | |
0.33% | |
0.30% | |
0.34% | |
0.33% | |
0.36% | |
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股东权益合计 |
41.75% |
|
42.73% |
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41.95% |
|
41.22% |
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41.32% |
|
42.09% |
|
40.45% |
|
39.19% |
|
38.95% |
|
37.90% |
|
37.99% |
|
38.13% |
|
39.98% |
|
38.05% |
|
36.97% |
|
38.78% |
|
39.10% |
|
40.18% |
|
40.41% |
|
40.51% |
|
38.84% |
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38.75% |
|
41.09% |
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41.19% |
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负债总额和股东权益 |
100.00% |
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100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
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根据报告：
10-K (报告日期： 2025-06-30), 10-Q (报告日期： 2025-03-31), 10-Q (报告日期： 2024-12-31), 10-Q (报告日期： 2024-09-30), 10-K (报告日期： 2024-06-30), 10-Q (报告日期： 2024-03-31), 10-Q (报告日期： 2023-12-31), 10-Q (报告日期： 2023-09-30), 10-K (报告日期： 2023-06-30), 10-Q (报告日期： 2023-03-31), 10-Q (报告日期： 2022-12-31), 10-Q (报告日期： 2022-09-30), 10-K (报告日期： 2022-06-30), 10-Q (报告日期： 2022-03-31), 10-Q (报告日期： 2021-12-31), 10-Q (报告日期： 2021-09-30), 10-K (报告日期： 2021-06-30), 10-Q (报告日期： 2021-03-31), 10-Q (报告日期： 2020-12-31), 10-Q (报告日期： 2020-09-30), 10-K (报告日期： 2020-06-30), 10-Q (报告日期： 2020-03-31), 10-Q (报告日期： 2019-12-31), 10-Q (报告日期： 2019-09-30).
从所观察到的数据中可以得出以下主要结论：
应付账款的比例呈现出一定的波动性，整体略有上升趋势，特别是在2020年到2021年期间有所增加，显示公司在负债结构中应付账款比例的增长，可能反映出供应链管理策略的调整或短期偿债需求的变化。然而，2023年以来比例略有回落，显示公司可能加强了现金流管理或延长了付款周期。
应计负债和其他负债占比稳中有升，尤其在2020年期间，说明公司的短期负债压力有所增加；但到2022年至2023年，有逐步的下降，可能表明公司优化了负债结构，减少了短期债务的依赖。
一年内到期债务的比例在2020年达到高点，但总体呈现下降趋势，显示出公司逐步延长债务期限，减轻短期偿债压力。2023年和2024年期间，比例较为稳定，指示债务期限结构趋于合理或优化。
流动负债比例在2020年显著上涨，至30%以上，但随之逐渐回落至较低水平，暗示公司在某些时期增加了短期负债，随后采取措施稳定流动性。整体来看，流动负债占比的变化反映了公司在短期偿债和流动性管理方面的调整。
非流动负债的比例整体较为稳定，略有下降，说明公司在资本结构方面偏向于长期债务，减少短期负债的依赖，有利于财务稳定性。
负债总额在整体上呈现微幅波动，但在2021年后出现一定的上升，反映出公司在某段时间段可能增加了融资以支持业务拓展或运营需求。值得注意的是，负债的占比整体保持在60%以上，仍显示出公司较高的财务杠杆水平。
股东权益方面，留存收益持续增长，且在2021年后，留存收益占比显著提升，表明公司盈利能力增强，积累了较多的留存利润，增强了财务的稳健性。同时，归属于宝洁公司的股东权益比例在逐步提升，表明公司资本结构逐渐偏向股东权益，改善了财务安全边际。
库存股比例在2020年达到高点后逐渐趋于稳定或轻微下降，反映公司对股票回购的政策趋于谨慎，或市场对股票评级的调整。这一趋势有助于提升每股收益和股东权益的价值，增强股东信心。
整体来看，公司的负债结构逐渐趋于合理，短期负债占比和应付账款比例有所控制，长期债务占比保持稳定，财务杠杆水平未有剧烈变化。留存收益的持续增长增强了公司资本实力，也反映出公司盈利的良好表现。另外，从负债和权益的变化趋势来看，企业整体财务状况在2020年以来逐步向稳健方向演变，有助于增强抗风险能力，同时也显示出公司在股东权益积累方面的积极努力。
