ECL · 10-Q · 2026Q3 · Full report

Liquidity and Debt Position

ECOLAB INC. · 2026-10-29 · Importance 89 · Surprise 82 · From source text

At September 30, 2026, cash and cash equivalents were $722.3 million, while short- and long-term debt totaled $13,192.0 million, up from $8,236.3 million at December 31, 2025. Ecolab issued $5.0 billion of fixed-rate notes in May 2026, with maturities of three, five, seven and ten years and coupons ranging from 4.60% to 5.35%; proceeds funded the CoolIT acquisition and general corporate purposes. Net interest expense increased 53.1% to $270.6 million for the first nine months from $176.8 million, while interest expense, net, was $124.8 million in the third quarter versus $55.3 million. The company had no outstanding commercial paper or borrowings under its $2.0 billion revolving credit facility and was in compliance with debt covenants.

Key facts

• Ecolab's total long-term debt, including current maturities, was $13,183.8 million at September 30, 2026, compared with $8,125.3 million at December 31, 2025. source
• Ecolab's cash provided by financing activities was $3,755.0 million in the first nine months of 2026, compared with cash used of $421.7 million in 2025. source
• Ecolab issued $5 billion of long-term debt during the first nine months of 2026. source
• Ecolab issued $5.0 billion aggregate principal amount of senior notes in the first nine months of 2026, due in 2029, 2031, 2033 and 2036; proceeds funded the CoolIT Systems acquisition and general corporate purposes. source
• Ecolab had a $2.0 billion multi-year revolving credit facility expiring in March 2030 and had no outstanding U.S. or Euro commercial paper at the end of Q3 2026. source
• A Chinese Ecolab subsidiary has a construction loan facility providing up to CNY 1.1 billion ($164 million) for capital expenditures, with a 13-year tenor and security over certain subsidiary assets. source
• Ecolab used the $5.0 billion proceeds from its May 2026 public note issuances to fund the CoolIT Systems acquisition and for general corporate purposes. source
• Ecolab's notes payable and long-term debt due within one year totaled $1,277 million at September 30, 2026, compared with $870 million of commercial paper, notes payable and long-term debt due within one year in the 2025 Form 10-K schedule. source

Impact estimates