Capri Holdings Ltd (CPRI)
Debt-to-assets ratio
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,261,000 | 1,383,000 | 2,079,000 | 1,924,000 | 1,822,000 | 1,521,000 | 1,585,000 | 1,382,000 | 1,131,000 | 976,000 | 1,104,000 | 1,206,000 | 1,219,000 | 1,243,000 | 1,581,000 | 1,577,000 | 2,012,000 | 1,085,000 | 1,796,000 | 1,917,000 |
| Total assets | US$ in thousands | 6,689,000 | 7,617,000 | 7,346,000 | 7,409,000 | 7,295,000 | 7,554,000 | 7,202,000 | 7,610,000 | 7,480,000 | 7,680,000 | 7,493,000 | 7,624,000 | 7,481,000 | 7,765,000 | 7,803,000 | 7,533,000 | 7,946,000 | 8,325,000 | 8,393,000 | 8,308,000 |
| Debt-to-assets ratio | 0.19 | 0.18 | 0.28 | 0.26 | 0.25 | 0.20 | 0.22 | 0.18 | 0.15 | 0.13 | 0.15 | 0.16 | 0.16 | 0.16 | 0.20 | 0.21 | 0.25 | 0.13 | 0.21 | 0.23 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,261,000K ÷ $6,689,000K
= 0.19
The debt-to-assets ratio of Capri Holdings Ltd fluctuated over the period analyzed. Generally, the company's debt relative to its total assets has been on the lower side, with ratios below 0.25 for most of the quarters. There was a notable increase in the ratio in the third quarter of 2023, reaching 0.28, indicating a higher proportion of debt compared to assets at that time. However, the ratio started declining thereafter, dropping to 0.15 by the first quarter of 2022. The ratio remained relatively stable around 0.15 to 0.20 until the end of the period in focus. Overall, the trend suggests that Capri Holdings Ltd has managed its debt levels effectively, maintaining a conservative approach to financing its operations and investments.
Peer comparison
Mar 31, 2024