PVH Corp (PVH)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	5,118,900	5,054,300	5,037,600	5,126,400	5,012,700	4,822,800	5,206,400	5,268,500	5,288,800	5,171,700	5,032,800	4,839,400	4,730,300	4,676,200	4,583,500	4,513,400	5,811,500	5,985,100	5,871,700	5,761,500
Debt-to-capital ratio		0.24	0.24	0.24	0.30	0.30	0.30	0.29	0.30	0.30	0.33	0.36	0.38	0.43	0.43	0.43	0.39	0.32	0.31	0.32	0.32

February 4, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,591,700K ÷ ($1,591,700K + $5,118,900K)
= 0.24

The debt-to-capital ratio for PVH Corp has shown some fluctuations over the past few quarters, ranging from 0.24 to 0.43. Generally, a lower debt-to-capital ratio indicates a lower level of financial risk and leverage for the company.

In the recent quarters, the ratio has been relatively stable around the 0.30 level, which suggests that PVH Corp maintains a moderate level of debt compared to its total capital. This consistency may indicate a deliberate approach by the company to manage its financial structure and maintain financial stability.

However, it's worth noting the increase in the debt-to-capital ratio from 0.24 to 0.43 from May 2021 to January 2021, as this significant rise may signal a higher reliance on debt to finance operations during this period. Investors and stakeholders may want to monitor future trends in the debt-to-capital ratio to assess the company's financial health and risk profile.