Capri Holdings Ltd (CPRI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,599,000 | 1,934,000 | 1,911,000 | 1,811,000 | 1,848,000 | 2,223,000 | 2,143,000 | 2,377,000 | 2,559,000 | 2,776,000 | 2,602,000 | 2,452,000 | 2,158,000 | 2,356,000 | 2,199,000 | 2,006,000 | 2,167,000 | 2,609,000 | 2,405,000 | 2,321,000 |
| Debt-to-capital ratio | 0.44 | 0.42 | 0.52 | 0.52 | 0.50 | 0.41 | 0.43 | 0.37 | 0.31 | 0.26 | 0.30 | 0.33 | 0.36 | 0.35 | 0.42 | 0.44 | 0.48 | 0.29 | 0.43 | 0.45 |
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 of Capri Holdings Ltd has fluctuated over the past several quarters. As of March 31, 2024, the ratio stands at 0.44, indicating that the company's total debt accounts for 44% of its total capital. This is an increase from the previous quarter, where the ratio was 0.42.
Looking further back, in the March 31, 2022, quarter, the ratio was at its lowest value of 0.26, reflecting a lower level of debt relative to capital. However, the trend reversed, with the ratio gradually climbing to 0.50 by March 31, 2023, before decreasing slightly in the most recent quarter.
Overall, the trend in the debt-to-capital ratio suggests that Capri Holdings Ltd has relied more on debt financing in recent quarters compared to the earlier periods. This trend should be carefully monitored to assess the company's leverage and risk profile.
Peer comparison
Mar 31, 2024