Capri Holdings Ltd (CPRI)
Debt-to-capital ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,261,000 | 1,822,000 | 1,131,000 | 1,219,000 | 2,012,000 |
| Total stockholders’ equity | US$ in thousands | 1,599,000 | 1,848,000 | 2,559,000 | 2,158,000 | 2,167,000 |
| Debt-to-capital ratio | 0.44 | 0.50 | 0.31 | 0.36 | 0.48 |
March 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,261,000K ÷ ($1,261,000K + $1,599,000K)
= 0.44
The debt-to-capital ratio trend for Capri Holdings Ltd over the past five years is as follows:
- In FY2024, the debt-to-capital ratio decreased to 0.44 from 0.50 in FY2023, reflecting a reduction in the proportion of debt relative to total capital.
- The ratio in FY2023 increased compared to FY2022 where it stood at 0.31, signaling a higher reliance on debt financing during that period.
- In FY2021, the ratio was 0.36, showing a slight increase from the FY2020 figure of 0.48, indicating a higher debt proportion in the capital structure in FY2021.
Overall, the debt-to-capital ratio for Capri Holdings Ltd has experienced fluctuations over the last five years, with a general trend of variability in the mix of debt and equity in the company's capital structure. These changes may reflect the company's financing decisions in response to various factors such as business expansion, acquisitions, or capital allocation strategies.
Peer comparison
Mar 31, 2024