Capri Holdings Ltd (CPRI)

Solvency ratios

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
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
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
Debt-to-equity ratio 0.79 0.72 1.09 1.06 0.99 0.68 0.74 0.58 0.44 0.35 0.42 0.49 0.56 0.53 0.72 0.79 0.93 0.42 0.75 0.83
Financial leverage ratio 4.18 3.94 3.84 4.09 3.95 3.40 3.36 3.20 2.92 2.77 2.88 3.11 3.47 3.30 3.55 3.76 3.67 3.19 3.49 3.58

Capri Holdings Ltd's solvency ratios over the past few quarters indicate a relatively stable financial position with manageable levels of debt compared to its assets, capital, and equity. The debt-to-assets ratio has fluctuated between 0.13 and 0.28, suggesting that the company has maintained a conservative level of debt in relation to its total assets.

The debt-to-capital ratio has ranged from 0.26 to 0.52, highlighting the company's reliance on debt financing compared to its total capital structure. However, the ratios have not exhibited any significant upward trend, indicating a balanced approach to leveraging the business.

The debt-to-equity ratio has varied between 0.35 and 1.09, portraying fluctuations in the company's leverage position. Capri Holdings has shown a consistent ability to finance its operations using a mix of debt and equity, although the ratio occasionally indicates higher reliance on debt.

The financial leverage ratio has ranged from 2.77 to 4.18, reflecting the company's level of financial risk and the extent to which it employs debt to finance its operations. Despite some fluctuations, the ratio has generally stayed within a reasonable range, indicating a manageable level of financial leverage.

Overall, the solvency ratios suggest that Capri Holdings Ltd has maintained a stable financial position and has effectively managed its debt levels to support its operations and growth strategies.


Coverage ratios

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
Interest coverage -13.39 11.39 11.06 14.67 21.22 29.93 51.83 58.40 75.25 92.14 68.71 73.17 3.17 -63.00 -48.57 -52.25 -24.00 51.89 86.85 142.44

The interest coverage ratio for Capri Holdings Ltd has displayed significant fluctuation over the observed period. Initially, the company experienced a negative interest coverage ratio, indicating that its operating income was insufficient to cover its interest expenses. However, this trend reversed quickly, with the ratio turning positive and showing a steady increase over time. The peak interest coverage ratio was observed in the most recent period, indicating a strong ability to meet interest payments from operating earnings. Overall, the trend in interest coverage suggests an improvement in the company's financial health and ability to service its debt obligations effectively. It is important for stakeholders to monitor this ratio continuously to assess the company's financial leverage and risk management strategies.