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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2026年3月31日 |
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2025年12月31日 |
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2025年9月30日 |
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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 |
11.71% | |
11.92% | |
12.23% | |
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 |
7.81% | |
8.22% | |
8.43% | |
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 |
10.26% | |
8.69% | |
9.12% | |
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 |
29.78% |
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28.83% |
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29.78% |
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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 |
18.58% | |
20.09% | |
19.06% | |
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 |
4.71% | |
4.69% | |
4.62% | |
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 |
4.29% | |
4.49% | |
4.58% | |
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 |
27.58% |
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29.28% |
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28.25% |
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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 |
57.37% |
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58.11% |
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58.03% |
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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 |
0.59% | |
0.60% | |
0.60% | |
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 |
3.12% | |
3.15% | |
3.14% | |
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 |
54.04% | |
54.22% | |
54.01% | |
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 |
-0.46% | |
-0.50% | |
-0.50% | |
-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 |
-9.58% | |
-9.51% | |
-9.53% | |
-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 |
-110.74% | |
-111.54% | |
-109.60% | |
-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 |
105.49% | |
105.26% | |
103.62% | |
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 |
42.46% |
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41.67% |
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41.75% |
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41.53% |
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42.50% |
|
41.72% |
|
40.99% |
|
41.09% |
|
41.86% |
|
40.21% |
|
38.92% |
|
38.71% |
|
37.66% |
|
37.76% |
|
37.90% |
|
39.75% |
|
37.83% |
|
36.75% |
|
38.53% |
|
38.87% |
|
39.90% |
|
40.11% |
|
40.19% |
|
38.54% |
|
38.41% |
|
40.76% |
|
40.84% |
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非控制性权益 |
0.18% | |
0.22% | |
0.22% | |
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 |
42.63% |
|
41.89% |
|
41.97% |
|
41.75% |
|
42.73% |
|
41.95% |
|
41.22% |
|
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% |
|
38.75% |
|
41.09% |
|
41.19% |
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负债总额和股东权益 |
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% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
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根据报告：
10-Q (报告日期： 2026-03-31), 10-Q (报告日期： 2025-12-31), 10-Q (报告日期： 2025-09-30), 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).
在分析期间内，资本结构保持了相对的稳定性，负债总额与股东权益之比在 57% 至 63% 之间波动。整体趋势显示，负债占比在 2021 年底达到峰值（63.03%），随后逐步回落，至 2026 年第一季度降至 57.37%。
- 流动负债趋势
- 流动负债占总资产和权益的比例在 25% 至 33% 之间波动。其中，应付账款呈现明显的上升趋势，从 2019 年的 9.6% 逐步增加至 2022 年中期的 12.7% 左右，随后稳定在 11.7% 至 12.2% 之间，显示出对供应商信用额度利用率的提高。
- 一年内到期的债务波动较大，最低点为 5.88%（2024 年 6 月），最高点为 12.15%（2022 年 12 月），反映出短期偿债压力存在周期性波动。
- 非流动负债结构
- 长期债务（不含一年内到期部分）维持在 17% 至 20% 的区间，整体结构较为稳健。值得注意的是，其他非流动负债出现了显著的下降趋势，从 2019 年的 9.06% 持续萎缩至 2026 年初的 4.29%，有效降低了非流动负债的整体权重。
- 股东权益动态
- 股东权益合计在 36.97% 至 42.73% 之间波动，在 2021 年底触底后呈现缓慢回升趋势。留存收益的增长极为显著，从 2019 年的 84.72% 持续攀升至 2025 年底的 105.49%，表明企业具有强大的盈利积累能力。
- 与此同时，库存股的占比绝对值大幅增加，从 -89.88% 扩大至 -110.74%，这表明企业在分析期间内实施了大规模的股票回购计划，抵消了部分留存收益对股东权益的正向贡献。
综合来看，该财务结构呈现出高留存收益与大规模股票回购并行的特点。虽然短期负债成分有所增加，但通过非流动负债的削减和股东权益的逐步回升，整体财务杠杆得到了有效控制，资本结构在动态调整中趋于稳健。
