PVH Corp (PVH)

Debt-to-assets ratio

		Feb 4, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Nov 1, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Nov 3, 2019	Aug 4, 2019	May 5, 2019
Long-term debt	US$ in thousands	1,591,700	1,571,300	1,619,600	2,193,000	2,177,000	2,109,100	2,155,500	2,216,500	2,317,600	2,605,200	2,782,500	3,018,200	3,513,700	3,464,100	3,498,300	2,854,200	2,693,900	2,738,400	2,743,000	2,759,400
Total assets	US$ in thousands	11,172,900	11,167,100	11,542,400	11,491,200	11,768,300	11,405,900	11,922,300	11,889,300	12,396,800	12,816,000	12,797,300	12,701,600	13,293,500	13,257,200	13,252,500	12,294,200	13,631,000	14,019,200	13,820,900	13,355,000
Debt-to-assets ratio		0.14	0.14	0.14	0.19	0.18	0.18	0.18	0.19	0.19	0.20	0.22	0.24	0.26	0.26	0.26	0.23	0.20	0.20	0.20	0.21

February 4, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,591,700K ÷ $11,172,900K
= 0.14

The debt-to-assets ratio of PVH Corp has remained relatively stable over the past few quarters, ranging between 0.14 to 0.26. This ratio indicates the proportion of the company's assets financed by debt, with lower values suggesting a lower level of financial leverage.

The consistent values around 0.14 to 0.20 imply that PVH Corp has been managing its debt levels in relation to its assets effectively, maintaining a healthy balance between debt and equity in its capital structure. However, the slight increase in the ratio from 0.14 to 0.26 over the past few quarters suggests a moderate rise in debt relative to assets, which could indicate an increased reliance on debt financing.

Overall, while the debt-to-assets ratio of PVH Corp has shown some variability, it remains within a reasonable range, indicating a relatively stable financial position in terms of leverage. It would be valuable to monitor this ratio in future periods to assess any significant changes in the company's debt management strategy.